Leon's Furniture FY26 Q2 net income rises 10.1% to C$ 35 million; revenue falls 2% to C$ 631.2 million
Reuters2026/08/06 22:05- Leon's posted Q2 net income of C$ 35 million, up 10.1%, while diluted EPS rose to C$ 0.51 from a year earlier.
- Revenue fell 2% to C$ 631.2 million; system-wide sales slipped 2% to C$ 756.2 million.
- Gross margin edged down 0.19 percentage points to 44.63%, pressured by foreign-currency revaluations; SG&A rate widened 0.47 percentage points to 36.85%.
- Non-IFRS adjusted net income declined 11.7% to C$ 34.8 million, with adjusted EBITDA down 5.75% to C$ 77.1 million.
- Opened four new franchise locations; ended the quarter with C$ 560.1 million of unrestricted liquidity, while planning the rest of the year prudently.
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