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Leon's Furniture Limited (TSX: LNF) is the largest retailer of furniture, appliances, and electronics in Canada. With retail banners such as Leon's, The Brick, Brick Outlet, and The Brick Mattress Store, the company also includes The Brick's Midnorthern Appliance banner and Leon's Appliance Canada banner, making it the country's largest commercial retailer of appliances to various industries. With 302 retail stores across Canada and six operational websites, Leon's Furniture Limited continues to expand its presence and offerings in the market.
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Leon's Furniture (TSX: LNF) to participate in the 27th Annual CIBC Retail and Consumer Conference on March 27, 2024, with a fireside chat and one-on-one meetings. Investors can access the live webcast on the Company's investor website.
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Leon's Furniture (TSX: LNF) announced the resignation of Chief Financial Officer Constantine Pefanis, with Victor Diab taking over as Interim CFO. The company expressed gratitude towards Pefanis and confidence in Diab's capabilities.
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Leon's Furniture Limited (TSX: LNF) announced record financial results for Q4-2023, with total system-wide sales reaching $836.5 million, a 4.0% increase. Revenue for the quarter was $686.9 million, a 3.9% increase. Adjusted net income rose by 9.6% to $48.9 million, with adjusted diluted earnings per share increasing by 7.5% to $0.72. Despite a decrease in total system-wide sales and revenue for the year 2023, the company's gross profit margin improved. Leon's Furniture plans to create a Real Estate Investment Trust (REIT) via IPO and develop a 40 Acre High Density Mixed-Use Development in Toronto to unlock the value of its real estate holdings.
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Leon's Furniture Limited (TSX: LNF) plans to release its financial results for the fourth quarter and year-ended December 31, 2023, after 12:00 p.m. ET on Wednesday, February 21, 2024. The announcement will provide investors and traders with valuable insights into the company's performance and financial health for the specified period.
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Leon's Furniture Limited (TSX: LNF) has received approval from the Province of Ontario to change the original Employment Use zoning to Regeneration zoning for a 40-acre parcel of land in Toronto. The mixed-use development will include residential, commercial, and retail elements, with plans for 4000 homes and a new flagship retail store and corporate headquarters. The Company will partner with top-tier developers for the project, aiming to meet the demand for additional housing in the city while generating substantial value for shareholders.
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Leon's Furniture Limited (TSX: LNF) announced the retirement of Dave Freeman, Divisional President of The Brick, after a 43-year career with the organization. Darci Walker, current Vice President of Operations, has been appointed President of The Brick. CEO Mike Walsh expressed gratitude for Freeman's leadership and enthusiasm and excitement for Walker's appointment.
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Leon's Furniture Limited (TSX: LNF) announced Q3-2023 financial results, reporting revenue of $661.0 million, gross profit margin decrease of 188 basis points to 44.04%, adjusted net income of $51.7 million, and reduced inventory levels to $430 million. The company also announced the creation of a Real Estate Investment Trust (REIT) via IPO.
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Leon's Furniture Limited (TSX: LNF) plans to release its financial results for Q3 2023 on November 8, 2023.
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Leon's Furniture receives approval for common share repurchase program on the Toronto Stock Exchange.
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FAQ
What is the current stock price of LEONS FURNITURE ORD (LEFUF)?
The current stock price of LEONS FURNITURE ORD (LEFUF) is $18.246 as of December 20, 2024.
What is the market cap of LEONS FURNITURE ORD (LEFUF)?
The market cap of LEONS FURNITURE ORD (LEFUF) is approximately 1.3B.
What is Leon's Furniture Limited known for?
Leon's Furniture Limited is renowned as the largest retailer of furniture, appliances, and electronics in Canada, with a wide variety of retail banners and operational websites.
How many retail stores does Leon's Furniture Limited have?
Leon's Furniture Limited operates 302 retail stores across Canada under various banners, offering a diverse range of products to customers.
What are the key retail banners of Leon's Furniture Limited?
The key retail banners of Leon's Furniture Limited include Leon's, The Brick, Brick Outlet, and The Brick Mattress Store, catering to the needs of customers in Canada.
Who is the current Chief Financial Officer of Leon's Furniture Limited?
Victor Diab serves as the Interim Chief Financial Officer of Leon's Furniture Limited, overseeing the financial operations of the company.
How many websites does Leon's Furniture Limited operate?
Leon's Furniture Limited operates six websites, including leons.ca, thebrick.com, furniture.ca, midnorthern.com, transglobalservice.com, and appliancecanada.com, to provide customers with online shopping options.
What recent changes have occurred in the leadership of Leon's Furniture Limited?
Mark Joseph Leon has retired from his role as Director, with Lewis Mark Leon being appointed to fill the vacant position on the Board of Directors, bringing a wealth of experience and knowledge to the company.
What is the strategic focus of Leon's Furniture Limited?
Leon's Furniture Limited aims to increase market share and profitability by effectively managing costs and investing in business growth initiatives that attract more customers to its retail stores and online platforms.
How does Leon's Furniture Limited measure its performance?
Leon's Furniture Limited uses key financial measures such as same store sales, total system wide sales, and franchise sales to evaluate the performance of its store network and overall financial health.
What cautionary statement does Leon's Furniture Limited provide?
Leon's Furniture Limited cautions investors about forward-looking statements and risks associated with potential variations in actual results from targeted outcomes due to market conditions and other factors.
How does Leon's Furniture Limited approach financial reporting?
Leon's Furniture Limited includes non-IFRS financial measures and supplementary financial measures in its reporting to provide investors with additional insights into the company's financial performance and key indicators.
LEONS FURNITURE LTD ORD