Investment Q&A

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Leon's Furniture Limited (LNF)

Q: Thoughts on the quarter for Leon's. With a sluggish Canadian economy and curtailed immigration I am concerned about their ability to grow. That being said, management is excellent and they have the upcoming reit spinout. What should shareholders expect in the REIT spinout? Do you see some nice upside due to this or have most of the gains been made around the announcement.
Thanks Rob

Asked by Robert on November 12, 2024

5i Research Answer:

In Q3-2024, LNF’s sales came in at $651.9M, slightly missing the estimate of $678M, and...

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