Upcoming Dividend • Jun 03
Upcoming dividend of CA$0.24 per share Eligible shareholders must have bought the stock before 10 June 2026. Payment date: 08 July 2026. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Canadian dividend payers (5.4%). Higher than average of industry peers (3.3%). Declared Dividend • May 15
First quarter dividend of CA$0.24 announced Shareholders will receive a dividend of CA$0.24. Ex-date: 10th June 2026 Payment date: 8th July 2026 Dividend yield will be 6.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.5% over the next year, which should provide support to the dividend and adequate earnings cover. Live News • May 14
Leon's Furniture Gains Market Share and Improves Margins Despite Lower Q1 2026 Sales Leon's Furniture reported lower overall sales in Q1 2026 but indicated gains in market share across key product categories.
Gross margins were higher year over year, supported by pricing discipline and a favorable mix of product categories.
The company continued to push its digital transformation, strengthening its online platform, and highlighted a solid balance sheet with substantial liquidity for potential future investments.
The mix of weaker top-line performance with market share gains and margin improvement points to a focus on profitability and competitive positioning rather than chasing volume at any cost.
For you, the key watchpoints are how effectively Leon's converts its digital investments and strong balance sheet into earnings resilience if sales pressure persists. Announcement • May 14
Leon's Furniture Limited announces Quarterly dividend, payable on July 08, 2026 Leon's Furniture Limited announced Quarterly dividend of CAD 0.2400 per share payable on July 08, 2026, ex-date on June 10, 2026 and record date on June 10, 2026. Reported Earnings • May 11
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: CA$0.31 (down from CA$0.35 in 1Q 2025). Revenue: CA$557.2m (down 3.9% from 1Q 2025). Net income: CA$21.5m (down 9.8% from 1Q 2025). Profit margin: 3.9% (down from 4.1% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 3.3%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Announcement • Apr 14
Leon's Furniture Limited to Report Q1, 2026 Results on May 07, 2026 Leon's Furniture Limited announced that they will report Q1, 2026 results at 12:00 PM, US Eastern Standard Time on May 07, 2026 Declared Dividend • Mar 04
Fourth quarter dividend of CA$0.74 announced Shareholders will receive a dividend of CA$0.74. Ex-date: 11th March 2026 Payment date: 8th April 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.1% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 26
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: CA$2.30 (up from CA$2.26 in FY 2024). Revenue: CA$2.57b (up 3.0% from FY 2024). Net income: CA$157.0m (up 2.2% from FY 2024). Profit margin: 6.1% (down from 6.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Feb 24
Leon's Furniture Limited, Annual General Meeting, May 07, 2026 Leon's Furniture Limited, Annual General Meeting, May 07, 2026. Announcement • Feb 03
Leon's Furniture Limited to Report Q4, 2025 Results on Feb 25, 2026 Leon's Furniture Limited announced that they will report Q4, 2025 results After-Market on Feb 25, 2026 Upcoming Dividend • Dec 02
Upcoming dividend of CA$0.24 per share Eligible shareholders must have bought the stock before 09 December 2025. Payment date: 06 January 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Canadian dividend payers (5.9%). In line with average of industry peers (3.2%). Declared Dividend • Nov 12
Third quarter dividend of CA$0.24 announced Shareholders will receive a dividend of CA$0.24. Ex-date: 9th December 2025 Payment date: 6th January 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.8% over the next year. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range. New Risk • Nov 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (CA$4.3m sold). Announcement • Nov 11
Leon's Furniture Limited announces Quarterly dividend, payable on January 06, 2026 Leon's Furniture Limited announced Quarterly dividend of CAD 0.2400 per share payable on January 06, 2026, ex-date on December 09, 2025 and record date on December 09, 2025. Reported Earnings • Nov 09
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: CA$0.74 (up from CA$0.54 in 3Q 2024). Revenue: CA$678.6m (up 4.1% from 3Q 2024). Net income: CA$50.3m (up 37% from 3Q 2024). Profit margin: 7.4% (up from 5.7% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. New Risk • Nov 08
New major risk - Revenue and earnings growth Earnings have declined by 5.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (CA$4.3m sold). Announcement • Oct 14
Leon's Furniture Limited to Report Q3, 2025 Results on Nov 06, 2025 Leon's Furniture Limited announced that they will report Q3, 2025 results After-Market on Nov 06, 2025 Upcoming Dividend • Sep 02
Upcoming dividend of CA$0.24 per share Eligible shareholders must have bought the stock before 09 September 2025. Payment date: 07 October 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Canadian dividend payers (5.9%). In line with average of industry peers (2.5%). Recent Insider Transactions • Aug 20
Vice Chairman of the Board recently sold CA$1.5m worth of stock On the 18th of August, Edward Leon sold around 50k shares on-market at roughly CA$29.67 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Edward's only on-market trade for the last 12 months. New Risk • Aug 18
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$570k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (CA$570k sold). Declared Dividend • Aug 13
Second quarter dividend increased to CA$0.24 Dividend of CA$0.24 is 20% higher than last year. Ex-date: 9th September 2025 Payment date: 7th October 2025 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 3.4% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 12
Leon's Furniture Limited announces Quarterly dividend, payable on October 07, 2025 Leon's Furniture Limited announced Quarterly dividend of CAD 0.2400 per share payable on October 07, 2025, ex-date on September 09, 2025 and record date on September 09, 2025. Reported Earnings • Aug 10
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: CA$0.47 (up from CA$0.44 in 2Q 2024). Revenue: CA$644.1m (up 4.3% from 2Q 2024). Net income: CA$31.8m (up 5.5% from 2Q 2024). Profit margin: 4.9% (in line with 2Q 2024). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 2.1%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Jul 08
Leon's Furniture Limited to Report Q2, 2025 Results on Aug 07, 2025 Leon's Furniture Limited announced that they will report Q2, 2025 results at 12:00 PM, US Eastern Standard Time on Aug 07, 2025 Upcoming Dividend • Jun 03
Upcoming dividend of CA$0.20 per share Eligible shareholders must have bought the stock before 10 June 2025. Payment date: 08 July 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Canadian dividend payers (6.2%). In line with average of industry peers (2.9%). Declared Dividend • May 15
First quarter dividend of CA$0.20 announced Shareholders will receive a dividend of CA$0.20. Ex-date: 10th June 2025 Payment date: 8th July 2025 Dividend yield will be 3.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 1.3% over the next year. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range. Announcement • May 10
Leon's Furniture Limited Declares Quarterly Dividend, Payable on July 8, 2025 Leon's Furniture Limited announced on May 8, 2025, the Directors have declared a quarterly dividend of CAD 0.20 per common share, payable on July 8, 2025 to shareholders of record at the close of business on June 10, 2025. Reported Earnings • May 09
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: CA$0.35 (up from CA$0.28 in 1Q 2024). Revenue: CA$579.5m (up 3.1% from 1Q 2024). Net income: CA$23.8m (up 27% from 1Q 2024). Profit margin: 4.1% (up from 3.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 67%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Apr 10
Leon's Furniture Limited to Report Q1, 2025 Results on May 08, 2025 Leon's Furniture Limited announced that they will report Q1, 2025 results at 12:00 PM, Eastern Standard Time on May 08, 2025 Upcoming Dividend • Mar 03
Upcoming dividend of CA$0.20 per share Eligible shareholders must have bought the stock before 10 March 2025. Payment date: 07 April 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Canadian dividend payers (6.4%). In line with average of industry peers (3.3%). Announcement • Feb 28
Leon's Furniture Limited announces Quarterly dividend, payable on April 07, 2025 Leon's Furniture Limited announced Quarterly dividend of CAD 0.2000 per share payable on April 07, 2025, ex-date on March 10, 2025 and record date on March 10, 2025. Reported Earnings • Feb 27
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CA$2.26 (up from CA$2.04 in FY 2023). Revenue: CA$2.50b (up 1.8% from FY 2023). Net income: CA$153.7m (up 11% from FY 2023). Profit margin: 6.2% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Feb 27
Leon's Furniture Limited, Annual General Meeting, May 08, 2025 Leon's Furniture Limited, Annual General Meeting, May 08, 2025. Location: fairmont royal york, 100 front street west, ontario, toronto Canada Announcement • Jan 28
Leon's Furniture Limited to Report Q4, 2024 Results on Feb 25, 2025 Leon's Furniture Limited announced that they will report Q4, 2024 results at 12:00 PM, US Eastern Standard Time on Feb 25, 2025 Recent Insider Transactions • Dec 17
VP of Legal & Corporate Secretary recently sold CA$183k worth of stock On the 13th of December, John Cooney sold around 7k shares on-market at roughly CA$26.15 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$662k more than they bought in the last 12 months. Upcoming Dividend • Dec 02
Upcoming dividend of CA$0.20 per share Eligible shareholders must have bought the stock before 09 December 2024. Payment date: 06 January 2025. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (6.1%). In line with average of industry peers (3.0%). Declared Dividend • Nov 13
Third quarter dividend of CA$0.20 announced Shareholders will receive a dividend of CA$0.20. Ex-date: 9th December 2024 Payment date: 6th January 2025 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CA$0.54 (down from CA$0.77 in 3Q 2023). Revenue: CA$651.9m (down 1.4% from 3Q 2023). Net income: CA$36.9m (down 30% from 3Q 2023). Profit margin: 5.7% (down from 7.9% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Revenue is expected to fall by 55% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Oct 05
Leon's Furniture Limited to Report Q3, 2024 Results on Nov 07, 2024 Leon's Furniture Limited announced that they will report Q3, 2024 results at 12:00 PM, US Eastern Standard Time on Nov 07, 2024 Upcoming Dividend • Sep 02
Upcoming dividend of CA$0.20 per share Eligible shareholders must have bought the stock before 09 September 2024. Payment date: 07 October 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Canadian dividend payers (6.0%). Lower than average of industry peers (2.8%). Declared Dividend • Aug 14
Second quarter dividend of CA$0.20 announced Shareholders will receive a dividend of CA$0.20. Ex-date: 9th September 2024 Payment date: 7th October 2024 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 3.2% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CA$0.44 (vs CA$0.40 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.44 (up from CA$0.40 in 2Q 2023). Revenue: CA$617.7m (up 4.0% from 2Q 2023). Net income: CA$30.2m (up 10.0% from 2Q 2023). Profit margin: 4.9% (up from 4.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jul 25
Leon's Furniture Limited to Report Q2, 2024 Results on Aug 08, 2024 Leon's Furniture Limited announced that they will report Q2, 2024 results at 12:00 PM, US Eastern Standard Time on Aug 08, 2024 Price Target Changed • Jun 18
Price target increased by 61% to CA$37.00 Up from CA$23.00, the current price target is an average from 2 analysts. New target price is 58% above last closing price of CA$23.47. Stock is up 13% over the past year. The company is forecast to post earnings per share of CA$2.04 for next year compared to CA$2.04 last year. Announcement • Jun 13
Leon's Furniture Limited Appoints Victor Diab as Chief Financial Officer Leon's Furniture Limited announced that Mr. Victor Diab has been appointed Chief Financial Officer of the Company. Mr. Diab assumed the role of Interim CFO upon the departure of Constantine (Costa) Pefanis on April 26, 2024. Upcoming Dividend • Jun 03
Upcoming dividend of CA$0.18 per share Eligible shareholders must have bought the stock before 10 June 2024. Payment date: 08 July 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Canadian dividend payers (6.4%). In line with average of industry peers (3.2%). Declared Dividend • May 15
First quarter dividend of CA$0.18 announced Shareholders will receive a dividend of CA$0.18. Ex-date: 10th June 2024 Payment date: 8th July 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 9x earnings). However, it is well covered by cash flows (25% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 978% to bring the payout ratio under control, which is more than the 9.0% EPS growth achieved over the last 5 years. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: CA$0.28 (vs CA$0.19 in 1Q 2023) First quarter 2024 results: EPS: CA$0.28 (up from CA$0.19 in 1Q 2023). Revenue: CA$562.3m (up 9.6% from 1Q 2023). Net income: CA$18.8m (up 46% from 1Q 2023). Profit margin: 3.3% (up from 2.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • May 09
Leon's Furniture Limited Declares Quarterly Dividend, Payable on July 8, 2024 Leon's Furniture Limited declared a quarterly dividend of $0.18 per common share payable on the 8th day of July 2024 to shareholders of record at the close of business on the 10th day ofJune 2024. As of 2007, dividends paid by Leon's Furniture Limited are "eligible dividends" pursuant to the changes to the Income Tax Act under Bill C-28, Canada. Announcement • Apr 27
Leon's Furniture Limited to Report Q1, 2024 Results on May 08, 2024 Leon's Furniture Limited announced that they will report Q1, 2024 results at 12:00 PM, US Eastern Standard Time on May 08, 2024 Recent Insider Transactions • Mar 29
VP of Legal & Corporate Secretary recently sold CA$226k worth of stock On the 26th of March, John Cooney sold around 10k shares on-market at roughly CA$22.64 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$616k more than they bought in the last 12 months. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: CA$2.04 (vs CA$2.66 in FY 2022) Full year 2023 results: EPS: CA$2.04 (down from CA$2.66 in FY 2022). Revenue: CA$2.45b (down 2.5% from FY 2022). Net income: CA$138.9m (down 23% from FY 2022). Profit margin: 5.7% (down from 7.1% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Announcement • Feb 22
Leon's Furniture Limited, Annual General Meeting, May 08, 2024 Leon's Furniture Limited, Annual General Meeting, May 08, 2024, at 14:00 US Eastern Standard Time. Location: Library Room Fairmont Royal York 100 Front Street West Toronto Ontario Canada Agenda: To receive the Consolidated Financial Statements of the Company for the year ended December 31, 2023, together with the report of the Auditors thereon; to elect Directors; to appoint Auditors and to authorize the Directors to fix their remuneration; and to transact such other business as may properly come before the meeting or any adjournments or postponements thereof. Announcement • Feb 09
Leon's Furniture Limited to Report Q4, 2023 Results on Feb 21, 2024 Leon's Furniture Limited announced that they will report Q4, 2023 results at 12:00 PM, US Eastern Standard Time on Feb 21, 2024 Upcoming Dividend • Dec 01
Upcoming dividend of CA$0.18 per share at 4.0% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 08 January 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Canadian dividend payers (6.7%). Higher than average of industry peers (3.3%). Announcement • Nov 17
Leon's Furniture Limited Announces Executive Changes, Effective December 31, 2023 Leon's Furniture Limited announced that Dave Freeman, Divisional President of The Brick, will be retiring on December 31, 2023 after a 43-year career with the organization. Darci Walker, a seasoned executive and current Vice President of Operations has been appointed President of the Brick and will assume her responsibilities upon Mr. Freeman's retirement. Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: CA$0.77 (vs CA$0.91 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.77 (down from CA$0.91 in 3Q 2022). Revenue: CA$661.0m (flat on 3Q 2022). Net income: CA$52.3m (down 15% from 3Q 2022). Profit margin: 7.9% (down from 9.3% in 3Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Nov 11
Leon's Furniture Limited Announces Quarterly Dividend, Payable on 8 January 2024 Leon's Furniture Limited declared an increase in the quarterly dividend of $0.02 to $0.18 per common share payable on the 8 January 2024 to shareholders of record at the close of business on the 8 December 2023. Announcement • Oct 27
Leon's Furniture Limited to Report Q3, 2023 Results on Nov 08, 2023 Leon's Furniture Limited announced that they will report Q3, 2023 results at 12:00 PM, US Eastern Standard Time on Nov 08, 2023 Upcoming Dividend • Aug 31
Upcoming dividend of CA$0.16 per share at 3.4% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 10 October 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Canadian dividend payers (6.2%). In line with average of industry peers (3.1%). Announcement • Aug 11
Leon's Furniture Limited Declares Quarterly Dividend, Payable on 10 October 2023 Leon's Furniture Limited Directors have declared a quarterly dividend of $0.16 per common share payable on the 10 October 2023 to shareholders of record at the close of business on the 8 September 2023. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: CA$0.40 (vs CA$0.75 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.40 (down from CA$0.75 in 2Q 2022). Revenue: CA$593.8m (down 8.2% from 2Q 2022). Net income: CA$27.4m (down 45% from 2Q 2022). Profit margin: 4.6% (down from 7.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Announcement • Jul 29
Leon's Furniture Limited to Report Q2, 2023 Results on Aug 09, 2023 Leon's Furniture Limited announced that they will report Q2, 2023 results at 12:00 PM, US Eastern Standard Time on Aug 09, 2023 Recent Insider Transactions • Jun 02
VP of Legal & Corporate Secretary recently sold CA$206k worth of stock On the 26th of May, John Cooney sold around 10k shares on-market at roughly CA$20.56 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$1.1m more than they sold in the last 12 months. Upcoming Dividend • Jun 01
Upcoming dividend of CA$0.16 per share at 3.1% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 10 July 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (3.8%). Reported Earnings • May 12
First quarter 2023 earnings released: EPS: CA$0.19 (vs CA$0.36 in 1Q 2022) First quarter 2023 results: EPS: CA$0.19 (down from CA$0.36 in 1Q 2022). Revenue: CA$513.0m (down 6.3% from 1Q 2022). Net income: CA$12.9m (down 48% from 1Q 2022). Profit margin: 2.5% (down from 4.5% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CA$21.94, the stock trades at a trailing P/E ratio of 8.3x. Average forward P/E is 11x in the Specialty Retail industry in Canada. Total returns to shareholders of 95% over the past three years. Price Target Changed • Feb 26
Price target increased by 10% to CA$22.00 Up from CA$20.00, the current price target is provided by 1 analyst. New target price is 13% above last closing price of CA$19.54. Stock is down 15% over the past year. The company posted earnings per share of CA$2.66 last year. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: CA$2.66 (vs CA$2.67 in FY 2021) Full year 2022 results: EPS: CA$2.66 (down from CA$2.67 in FY 2021). Revenue: CA$2.52b (flat on FY 2021). Net income: CA$179.4m (down 13% from FY 2021). Profit margin: 7.1% (down from 8.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Feb 09
Leon's Furniture Limited to Report Q4, 2022 Results on Feb 22, 2023 Leon's Furniture Limited announced that they will report Q4, 2022 results at 12:00 PM, US Eastern Standard Time on Feb 22, 2023 Announcement • Feb 07
Leon's Furniture Limited, Annual General Meeting, May 11, 2023 Leon's Furniture Limited, Annual General Meeting, May 11, 2023. Recent Insider Transactions • Jan 05
VP of Legal & Corporate Secretary recently sold CA$85k worth of stock On the 30th of December, John Cooney sold around 5k shares on-market at roughly CA$17.04 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$3.9m more than they sold in the last 12 months. Upcoming Dividend • Dec 01
Upcoming dividend of CA$0.16 per share Eligible shareholders must have bought the stock before 08 December 2022. Payment date: 09 January 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Canadian dividend payers (5.8%). In line with average of industry peers (4.3%). Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. Independent Director Lisa Raitt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
