Issue 39 – Sleep Country Canada – Helping Canadians get a Better Night’s Sleep!

Sleep Country Canada Holdings Inc. (TSX: ZZZ) is a leader in the mattress, bedding, and sleep related accessories market in Canada. The company, which has a 25-year history in Canada, operates under the Sleep Country banner nationwide, Dormez-vous? in Quebec, and through its online bed-in-a-box retailer Endy, which is Canada’s largest and most profitable online mattress retailer. In fiscal year 2019, Sleep Country (SCC) grew its market share to approximately 33%, up from 28% in the previous year. The company also achieved the highest revenues in company history, with five-year sequential growth in both Gross Profits and Gross Margins.

Disclaimer: Palos Funds are shareholders of ZZZ.

 

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By Charles Marleau, CIM

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By Charles Marleau, CIM

 

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