The Financial Post reports in its Saturday edition that Sleep Country Canada Holdings' third-quarter profit fell compared with a year ago as it saw pockets of softness in consumer demand, particularly on larger ticket items. A Canadian Press dispatch to the Post quotes chief executive officer Stewart Schaefer saying that the company was pleased with the performance amid an evolving environment, as high interest rates and inflation continue to affect consumer confidence. The mattress retailer says its net income attributable to the company amounted to $24.7-million for the quarter, down from $28.9-million in the same quarter last year. The profit amounted to 70 cents per diluted share for the quarter, down from 79 cents per diluted share a year earlier. Revenues rose to $255.7-million compared with $251-million a year earlier, but same-store sales fell 5.5 per cent. Sleep Country closed Friday at $23.29, up 47 cents on the Toronto Stock Exchange.
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