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Leon's Furniture Profit Grows Despite Sales Dip | Toronto News
Leon’s Furniture posted a profit boost despite softer sales, thanks to smart cost controls and cash generation—net income jumped to $35 million, up from $31.8 million last year, even as revenue and system-wide sales dipped 2%. The company opened four new franchise stores and saw growth in mattresses and insurance/delivery services, while furniture and appliance sales declined. Margins were slightly pressured by foreign exchange but offset by mattress gains. With $560M in liquidity and a steady $0.24 quarterly dividend, Leon’s remains focused on market share, e-commerce, and retail expansion…
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