Monday, April 08, 2019 6:11:25 PM
So because the average furniture store has a 5% profit, Rotmans must be at these values??? I checked official statistics for furniture stores in Canada (I could not find official stats for the US, but they must be similar) and while average net profit is also around 5%, the top 25% have an average of 26%! And if you only look at the profitable companies (75% of the stores), then the net profit is around 9%. Rotmans have been in the business for more than 50 years, you cannot be that long in business without nice profits every year, so I m sure they are closer to 10%, especially with their significant revenues from the lucrative business of mattresses, and 19% as I read on this board is definitely possible, but we will have to wait for the Super 8k to know exactly.
https://www.ic.gc.ca/app/scr/app/cis/performance/442;jsessionid=0001Www0fEa9nlS5fbPeLOStF_D:-10H6HE
https://www.ic.gc.ca/app/scr/app/cis/performance/442;jsessionid=0001Www0fEa9nlS5fbPeLOStF_D:-10H6HE
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