Leon's Furniture Reports Flat Sales, Lower Profit

November 13, 2012

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A day after announcing plans to buy its closest competitor, Leon's Furniture Ltd. says profit fell and sales were flat in the latest three-month period.

The Toronto-based furniture warehouse chain said earnings declined 15 per cent to $13 million, or 19 cents a share, in the quarter ended Sept. 30.

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Source: Toronto Star Online

Companies Mentioned:

Leon's Furniture Ltd.

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