01:33 PM EDT, 04/26/2024 (MT Newswires) -- Sleep Country reports Q1/24 results on May 7, after market close.

National Bank expects Q1/24 EPS to decline 2.5% y/y reflecting higher SG&A expenditure and higher interest expense, partly offset by positive same store sales growth, new store openings in the last 12 months, the contribution from Casper acquisition (closed in April 2023) and share repurchases in the last 12 months.

"Our review suggests that the operating environment remains soft overall but is seeing signs of green shoots."

Maintain Sector Perform rating; price target unchanged at $31.

Price: 27.93, Change: +0.21, Percent Change: +0.76