Sleep Country Canada Holdings Inc. said its normalized net income for the second quarter amounted to 22 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 23 cents per share.
The per-share result swung to a profit from the prior-year loss of C$2.09.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$8.4 million, compared with a loss of C$39.6 million in the year-earlier period.
The normalized profit margin increased to 7.0% from negative 38.6% in the year-earlier period.
Total revenue grew 17.3% year over year to C$120.2 million from C$102.5 million, and total operating expenses climbed 14.8% year over year to C$105.8 million from C$92.1 million.
Reported net income came to C$9.8 million, or 26 cents per share, compared to a loss of C$51.1 million, or a loss of C$2.69 per share, in the year-earlier period.