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Leon’s Furniture’s (TSX:LNF) Q2 2024 Revenue Surges 4%, Net Income Soars 10%
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Highlights
Leon's Furniture Ltd (TSX:LNF) is a Canadian retailer of furniture, appliances, and electronics, operating multiple retail banners. Its market cap is CAD 2.02bn.
In Q2 2024, the company reported a revenue of CAD 617.6 million, reflecting a modest increase of 4.0% from CAD 593.8 million in the previous corresponding period (pcp). This growth was largely driven by sustained momentum in the furniture and appliance categories, indicating strong consumer demand. Additionally, gross profit rose to CAD 271.1 million, up 3.9% compared to CAD 260.9 million in pcp, primarily due to the higher revenue generated during the quarter.
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