16:10:34 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Sleep Country Canada Holdings Inc
Symbol ZZZ
Shares Issued 33,529,713
Close 2024-03-08 C$ 28.94
Market Cap C$ 970,349,894
Recent Sedar Documents

Globe says Landry maintains Sleep Country at "buy"

2024-03-08 07:53 ET - In the News

The Globe and Mail reports in its Friday, March 8, edition that ATB Capital Markets analyst Martin Landry continues to rate Sleep Country Canada Holdings "buy." The Globe's David Leeder writes that Mr. Landry boosted his share target to $33.50 from $28.50. Analysts on average target the shares at $31.75. According to Mr. Landry, if investors are patient, they may be rewarded with Sleep Country's strong earnings growth potential in 2025, as the company's integration of recent acquisitions is progressing well. Mr. Landry says in a note: "While Sleep Country's Q4/23 results reflect a slowdown in consumer spending, they were nonetheless better than expected. In 2024, the company will have an easier set of comparable periods, and we expect organic revenue growth and EPS growth to return as early as Q2/24. Sleep Country has accumulated a portfolio of complementary DTC brands which could generate growth in the coming years and accelerate market share gains by expanding to brick & mortar locations. Early tests suggest good traction with customers and limited cannibalization. While Canadian consumer confidence is expected to remain fragile in 2024, there is a potential for significant earnings torque in 2025."

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