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.