Sleep Country Pilots Partnership with Walmart Canada
Market News

Sleep Country Pilots Partnership with Walmart Canada

Sleep Country Canada (ZZZ), a Canadian mattress retailer, announced Tuesday that it will expand its partnership with Walmart Canada (WMT) by launching 10 new “Sleep Country Express” stores in Walmart Canada’s licensee spaces.

The first 10 stores, averaging 500 square feet, will open in strategic locations in Ontario and Quebec, allowing the company to test, learn and optimize, with the goal of expanding into other Walmart Canada stores across the country.

The 10 pilots are expected to launch this fall. (See Sleep Country Canada stock charts on TipRanks)

Sleep Country Canada president Stewart Schaefer said, “We are thrilled to deepen our partnership with Walmart Canada to provide new customers with a seamless journey to their best night’s sleep as we expand our omnichannel footprint. …

“We look forward to sharing our industry-leading assortment with even more customers, no matter where they choose to shop, as we execute against our aggressive growth roadmap.”

Each of the 10 new Express locations will offer an assortment of beds in a box, linens, pillows, protectors, adjustable bases, and headboards. In addition, each location will have eight to nine traditional mattresses that customers can discover on site.

On August 5, National Bank Financial analyst Vishal Shreedhar maintained a Hold rating on ZZZ and raised its price target to C$39.00 (from C$38.00). This implies 15.5% upside potential.

Overall, consensus among Wall Street analysts is that ZZZ is a Moderate Buy, based on three Buys and two Holds. The average Sleep Country Canada price target of C$39.40 implies 16.7% upside potential to current levels. Shares have gained approximately 31% year-to-date.

Related News:
good natured Products Inc. Q2 Sales Rise 237%
HLS Therapeutics to Promote Pfizer’s Vascepa in Canada
Cineplex Revenue Almost Triples in Q2

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
RUT
Russell 2000
TNX
10-Yr-Bond
Bitcoin

Popular Articles