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 across 301 Canadian locations—all while navigating cautious consumer spending. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c33b67f14bd83880