Business
Leon's Furniture Limited - 2010 THIRD QUARTER
Leon's Furniture Limited - 2010 THIRD QUARTER
About this update from Leon's Furniture Limited
[{"type":"text","content":"\n\n\n\n Nov. 10, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Nov. 10 /CNW/ - For the three months ended September 30, 2010,\n total Leon's sales were $228,921,000 including $49,421,000 of franchise\n sales ($236,674,000 including $49,243,000 franchise sales in 2009), a\n decrease of 3.3% from the third quarter 2009.  Net income was\n $18,081,000, 26¢ per common share ($15,643,000, 22¢ per common share in\n 2009), an increase of 18.2% per common share. The third quarter 2010\n includes an after tax gain of $1,050,000 on sale of property (1.5¢ per\n common share).\n\n\nFor the nine months ended September 30, 2010, total Leon's sales were\n $642,317,000 including $137,242,000 of franchise sales ($641,805,000\n including $136,611,000 of franchise sales in 2009), an increase of 0.1%\n and net income was $41,924,000, 60¢ per common share ($32,834,000, 46¢\n per common share in 2009), an increase of 30.4% per common share.\n\n\nAlthough our sales were lower in the third quarter 2010 compared to the\n prior year, we are pleased with the continued growth in profitability\n this year. We thank our Associates for all of their efforts this year\n in improving our productivity and keeping overall expenditures in\n check.\n\n\nConstruction has been completed on a new 73,000 sq. ft. facility in\n Thunder Bay, Ontario which will open this week. Construction has begun\n on a new 84,000 sq. ft. building in Regina, Saskatchewan that is\n scheduled to be...