All Categories Improve For Leon’s Fourth Quarter

Leon's Furniture Limited (LFL) had sales of 830.9 million in the fourth quarter of 2020, an increase of 10.6 per cent compared to sales of $751.3 million in the fourth quarter of 2019. Revenue for the quarter was $675.1 million, up 8.6 per cent compared to $621.4 million in the year-ago period. Same-store sales increased 7.3 per cent year-over-year and eCommerce sales increased 227 per cent in the quarter compared to the year-ago period. Gross profit margin improved across all product categories to 45.73 per cent from 44.88 per cent last year. The company had adjusted earnings before taxes of $106 million for the fourth quarter compared to $88.2 million last year, an increase of 20.2 per cent.