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Sleep Country shares surge as sales withstand lockdown measures

Sleep Country shares surge as sales withstand lockdown measures
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Shares of Sleep Country Canada Holdings Inc. surged in early trading Wednesday, after the company exceeded market expectations with what it called ârecord breakingâ fourth-quarter results.
The company reported $0.74 in adjusted earnings per share, compared to the $0.53 expected by analysts surveyed by Bloomberg. Net income was $26.6 million, and was 89.4 per cent greater, year-over-year.
On a conference call led by Sleep Country Chief Executive Officer Dave Friesema on Wednesday, executives said the company continues to benefit from Canadians spending more money on their home living environments during the pandemic, and are putting greater emphasis on the health benefits of a good nightâs sleep. The company also said it is winning market share from competitors. ....

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Sleep Country Canada Delivers Record Breaking Q4 2020 Results of 89.4% Net Income Growth, 33.4% Revenue Growth

Sleep Country Canada Delivers Record Breaking Q4 2020 Results of 89.4% Net Income Growth, 33.4% Revenue Growth
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Forced store closures dampen Indigo's holiday sales period, but profits still climb

Forced store closures dampen Indigo s holiday sales period, but profits still climb
The Canadian Press
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TORONTO Indigo Books and Music Inc. started the lucrative holiday sales period with one of its strongest performances on record before new COVID-19 lockdowns dampened the chain s sales, CEO Heather Reisman said.
Double-digit revenue growth in the first seven weeks of the quarter had set us on a trajectory for meaningful growth, Reisman said in pre-recorded comments shared during a call with analysts on Friday.
Our retail stores were experiencing a steady recovery prior to the government-mandated closures and limitations, all of which impacted us during the most important six weeks of this quarter and in fact, of our year, including the two weeks before Christmas and the early part of the Boxing Week period. ....

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Sweden begins to administer second dose of COVID-19 vaccine

STOCKHOLM, Jan. 18 (Xinhua) Sweden on Monday began to administer the second dose of the COVID-19 vaccine to priority groups as the surge in confirmed cases c ....

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Sweden begins to administer second dose of COVID-19 vaccine - World News

2021-01-18 18:05:34 GMT2021-01-19 02:05:34(Beijing Time) Xinhua English
STOCKHOLM, Jan. 18 (Xinhua) Sweden on Monday began to administer the second dose of the COVID-19 vaccine to priority groups as the surge in confirmed cases continued after the year-end holidays.
The second and last dose of COVID-19 vaccine started to be distributed on Swedish island of Gotland on Monday morning, and several people were allowed to get their second jab. And in Vastra Gotaland, a county on Sweden s western coast, those who received the first dose on the Boxing Week will get their second this week, reported Swedish News Agency TT. ....

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