By: Furniture World Magazine \u00c2\u00a0
\nFor the three months ended December 31, 2013, total Leon’s sales were $236,766,000 including $56,658,000 of
\n\t\t
\nfranchise sales ($224,779,000 including $54,535,000 of franchise sales in 2012), an increase of 5.3% and net income was $20,712,000, $1.17 per common share ($19,658,000, $1.11 per common share in 2012), an increase of 5.4% per share.<\/p>\n
“In our fourth quarter 2013,” said a company spokesperson, “we continued to see good growth in sales and profits over the prior year. We had a very successful grand opening of a new warehouse and showroom in Saskatoon, Saskatchewan and same store corporate sales were up 3.0% for the quarter.”<\/p>\n
For the year ended December 31, 2013, total Leon’s sales were $768,453,000 including $177,167,000 franchise sales ($720,787,000 including $173,043,000 franchise sales in 2012), an increase of 6.6%. Net income was $53,602,000, $3.03 per common share ($48,964,000, $2.73 per common share in 2012), an increase of 11% per share. Same store corporate sales were up 3.9% over the prior year.<\/p>\n
Overall, Leon’s Furniture Limited continued to increase sales and grow profits in 2013.<\/p>\n
In the fourth quarter 2013, they continued to see good growth in sales and profits over the prior year and had a very successful grand opening of a new warehouse and showroom in Saskatoon, Saskatchewan. Same store corporate sales were up 3.0% for the quarter.<\/p>\n
For the year ended December 31, 2013, total Leon’s sales were $768,453,000 including $177,167,000 franchise sales ($720,787,000 including $173,043,000 franchise sales in 2012), an increase of 6.6%. Net income was $53,602,000, $3.03 per common share ($48,964,000, $2.73 per common share in 2012), an increase of 11% per share. Same store corporate sales were up 3.9% over the prior year.<\/p>\n
Major renovations are underway for existing stores in Kitchener, Ontario and Calgary, Alberta, scheduled for completion by the summer of 2014. A new warehouse and showroom in Newmarket, Ontario will open in March 2014. As well, a new showroom and warehouse in Longueuil, Quebec has commenced and should be completed by the fall of 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"
By: Furniture World Magazine \u00c2\u00a0 For the three months ended December 31, 2013, total Leon’s sales were $236,766,000 including $56,658,000 of<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-3327","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/3327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=3327"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/3327\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=3327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=3327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=3327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}