01:56 PM EST, 03/08/2024 (MT Newswires) -- Sleep Country reported a Q4/23 earnings beat. However, macro weighed on SSSG (-3.2%, above -7.5% forecast). BMO notes that the macro backdrop to remain unpredictable through 2024E.

"In the meantime, Sleep Country is well-positioned to weather the weakness and achieve market share gains for everything "sleep", while continuing to invest in its sleep ecosystem," writes analyst Stephen MacLeod.

Acquisitions and strategic initiatives position Sleep Country well for 2024E+.

Maintain Outperform, $35 target.

Price: 28.58, Change: -0.60, Percent Change: -2.06