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Leon's Furniture Ltd

LNF

Equity

ISIN CA5266821092 / Valor 692600

Toronto Stock Exchange (2024-12-24)
CAD 26.00+0.12%

Leon's Furniture Ltd
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About company

Leon's Furniture Ltd, established in 1909 in Southern Ontario by Ablan Leon, has grown to become one of Canada's foremost retailers specializing in a broad spectrum of home furnishings. This includes an extensive selection of furniture, mattresses, major appliances, and home electronics. With a legacy spanning over a century, the company has maintained its commitment to service, integrity, and dedication, principles laid down by its founder. Today, Leon's operates a vast network of corporate and franchise stores across Canada, providing employment to over 10,000 associates. As a family-run business, it continues to uphold the familial ethos and customer-centric approach that have been instrumental in its evolution into a leading destination for home furnishing needs in Canada.

Summarized from source with an LLMView SourceSector: Industrials

Latest Results (07.08.2024):

Revenue

For the three months ended March 31, 2024, Leon's Furniture Ltd's revenue was $562.3 million compared to $513.0 million in the first quarter of 2023. Revenue increased by $49.3 million or 9.6% as compared to the prior year quarter. The Company has seen continued momentum in both retail and commercial sales in the current quarter.

Same Store Sales

Leon's Furniture Ltd reported a same-store sales increase of 9.0% for the first quarter of 2024 compared to the same period in 2023. This growth was driven by strong performance in the furniture and appliance categories, supported by effective promotions and strong inventory positions.

Gross Profit

The gross profit margin for Leon's Furniture Ltd in the first quarter of 2024 was 43.87%, up from 43.35% in the first quarter of 2023. This increase of 52 basis points was primarily driven by a more favorable business mix, improved furniture margins due to lower inventory and freight costs, and optimized promotional initiatives.

Adjusted Net Income

Leon's Furniture Ltd's adjusted net income for the first quarter of 2024 totaled $16.4 million, representing an increase of $3.5 million or 27.1% over the prior year’s quarter. This improvement was driven by strong sales and an improved gross profit margin.

Dividends

Leon's Furniture Ltd declared a quarterly dividend of $0.18 per common share, payable on July 8, 2024, to shareholders of record at the close of business on June 10, 2024. This follows a previously paid quarterly dividend of $0.18 per common share on April 8, 2024.

Summarized from source with an LLMView Source

Key figures

36.3%1Y
4.54%3Y
56.5%5Y

Performance

29.9%1Y
33.7%3Y
32.9%5Y

Volatility

Market cap

1229 M

Market cap (USD)

Daily traded volume (Shares)

7,451

Daily traded volume (Shares)

1 day high/low

26.23 / 25.75

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

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