trending Market Intelligence /marketintelligence/en/news-insights/trending/yk54K9hXftpv0KTsY4WBVg2 content esgSubNav
In This List

Sleep Country Canada swings to profit in Q1

Blog

Insight Weekly: Loan delinquencies up; US money supply falls; coal employment grows

Blog

Insight Weekly: Loan-to-deposit ratio rises; inventory turnovers ebb; miners add female leaders

Blog

Debt Ceiling Debate: IR Teams Should Prepare for Potential Market Downturns

Blog

Insight Weekly: Sustainable bonds face hurdles; bad loans among landlords; AI investments up


Sleep Country Canada swings to profit in Q1

Sleep Country Canada Holdings Inc. said its normalized net income for the first quarter came to 17 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 16 cents per share.

The per-share result swung to a profit from the prior-year loss of C$1.15.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$6.3 million, compared with a loss of C$21.9 million in the prior-year period.

The normalized profit margin increased to 5.9% from negative 23.9% in the year-earlier period.

Total revenue rose 17.1% on an annual basis to C$107.3 million from C$91.6 million, and total operating expenses grew 14.5% year over year to C$95.9 million from C$83.8 million.

Reported net income came to C$7.2 million, or 19 cents per share, compared to a loss of C$23.7 million, or a loss of C$1.25 per share, in the year-earlier period.