
The Daily Chase: Earnings from AtkinsRealis, Sleep Country, Saputo
BNN Bloomberg
U.S. futures are pointing to a flat open when North American trading gets underway this morning.
Mattress sales: We’ll be keeping an eye on shares of Sleep Country after it reported third-quarter adjusted earnings and revenue that missed analysts’ estimates. The mattress seller noted that it continues to see a slowdown in consumer spending on larger-ticket items as a result of higher interest rates and inflation, but it remains “cautiously optimistic” in its medium-term outlook. We’ll hear more about that directly from the sleep retailer’s president and CEO Stewart Schaefer today at 4:30 p.m. ET. Dairy demand: Saputo has reported that it earned $156 million in its second quarter, up from $145 million for the same period a year ago. Sales for the quarter were $4.3 billion, down 3.1 per cent from a year ago. The cheese manufacturer expects global demand for dairy products to remain moderate due to macroeconomic conditions, and it expects near-term inflation on its overall input costs to moderate but remain at elevated levels. OTHER NOTABLE STORIES