Leon’s Sales Rise 5.3 Percent

February 20, 2007  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on February 2007 Leon’s Furniture, Toronto, announced that fourth quarter sales at its more than 55 stores across Canada increased 5.3 percent to $236.7 million. Net income was $20.7 million or $1.17 per share, a per-share increase of 5.4 percent, during the period that ended Dec. 31. Same-store sales increased 3 percent during the quarter.

For the year, Leon’s sales totaled $768.4 million, an increase of 6.6 percent. Of the sales total, $177.1 million were produced by franchise stores. Net income for the year was $53.6 million, with a per share increase of 11 percent. The company, which recently opened a new showroom and warehouse in Saskatoon, Saskatchewan, plans two new store openings in 2007.