Note: All dollar figures are in Canadian dollars unless stated otherwise.
Investment Thesis
Sleep Country (SCCAF) is Canada’s leading specialty retailer dedicated to sleep products. The company has experienced a ~50% share price decline in the last year which we believe was due to the shares simply being overvalued. Sleep Country has a history of steady growth and significant margin expansion in recent years and is trading below its peer average.
Company Overview
Founded in 1994 in Vancouver, Canada the chain has since grown to over 275 stores across Canada. The company’s products