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Sleep Country Canada Holdings Inc. (T:ZZZ)

Business Focus: Soft Furnishing Retailers

Sector:  Consumer Cyclicals Industry:  Home Furnishings Retailers
 
Company Contact
Address: 7920 Airport Rd
BRAMPTON ON L6T 4N8
Tel: 1-289-7840206
Website: https://www.sleepcountry.ca
IR: See website
Key People
Craig De Pratto
Chief Financial Officer, Corporate Secretary
Alexandra Voyevodina-Wang
President and General Manager, Endy Canada Inc.
Lynne Feldman
Chief People Officer
David Howcroft
Chief Sales Officer
   
Business Overview
Sleep Country Canada Holdings Inc. is an omnichannel specialty sleep retailer with a national retail store network and multiple ecommerce platforms. The Company has approximately 290 corporate-owned stores and 20 warehouses across Canada. It operates under retail brand banners, such as Sleep Country Canada, Dormez-vous, Endy, Hush, and Silk & Snow. Its Sleep Country Canada is an omnichannel mattress and bedding retailer and the specialty sleep products retailer operates in Canada, excluding Quebec. Dormez-vous has its omnichannel operations in Quebec. Endy is a direct-to-consumer online sleep solutions retailer and Hush is a digital sleep retailer. It offers a selection of mattresses, metal frames, lifestyle bases and an assortment of sleep-related products, which include pillows, pillowcases, sheets, blankets, throws, duvets, duvet covers, mattress toppers, mattress protectors, pet beds, sleep essentials, weighted blankets, headboards, bath towels, footboards, and platforms.
Financial Overview
For the nine months ended 30 September 2023, Sleep Country Canada Holdings Inc revenues decreased 1% to C$679.4M. Net income applicable to common stockholders decreased 30% to C$48.7M. Revenues reflect Retail Sales - Total decrease of 33% to C$462.2M. Net income also reflects Media and advertising expenses increase of 15% to C$58.9M (expense), Salaries, wages and benefits increase of 24% to C$37.8M (expense).
Employees: 1,600 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $1,201M as of Sep 30, 2023
Annual revenue (TTM): $922.47M as of Sep 30, 2023
EBITDA (TTM): $190.95M as of Sep 30, 2023
Net annual income (TTM): $89.19M as of Sep 30, 2023
Free cash flow (TTM): $83.34M as of Sep 30, 2023
Net Debt Last Fiscal Year: $416.88M as of Sep 30, 2023
Shares outstanding: 34,640,962 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization