Leon’s Has Record Third Quarter

Leon's Furniture Limited (LFL) had sales of $762.8 million for the third quarter of 2020, an increase of seven per cent over sales of $712.6 million in the third quarter of 2019. The company achieved record revenue in the quarter of $630.8 million compared to $601.4 million in the last year quarter, an increase of 4.9 per cent with increases across all product categories. Same-store sales increased 4.5 year-over-year and eCommerce had continued triple-digit growth at 235 per cent compared to last year. Gross profit margin improved across all product categories to 44.2 per cent compared to 43.1 per cent last year. Net income for the third quarter was $49.1 million, up 47.9 per cent over net income of $33.2 million in the third quarter of 2019.