)
Sleep Country Canada (ZZZ) investor relations material
Sleep Country Canada Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 2024 revenues rose 7.0% year-over-year to $232.5 million, with same store sales up 4.8% and eCommerce revenue share increasing to 25.4% from 21.3%.
Gross profit margin improved to 38.1% from 36.4%, and operating EBITDA grew 15.1% to $50.9 million.
Net income attributable to the company increased 24.9% to $15.8 million, with diluted EPS up 27.8% to $0.46.
The Board declared a dividend of $0.237 per share, payable August 30, 2024.
Direct-to-consumer (DTC) businesses drove growth, but a trend of customers trading down to lower-priced mattresses was noted.
Financial highlights
Year-to-date 2024 revenues up 4.4% to $442.2 million; YTD same store sales increased 1.7%.
YTD gross profit margin rose to 36.5% from 35.3%; operating EBITDA up 4.3% to $89.3 million.
YTD net income attributable to the company increased 2.3% to $24.6 million; adjusted net income unchanged at $28.0 million.
Diluted adjusted EPS for Q2 rose 28.6% to $0.54; YTD diluted adjusted EPS up 2.5% to $0.82.
Segment performance
SCC/Dormez-Vous network posted 0.4% SSS growth in Q2, rebounding from a (10.5%) SSS decline in Q2 2023.
Combined DTC SSS grew 25.1% in Q2 and 30.0% in July 2024, driven by promotions and accessory bundling.
SCC/DV network experienced an (8.4%) SSS decline in July 2024, reflecting continued trade-down to lower price bands.
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
)
)