The revisions relate only to the nine month periods ended
The figures reported in the original MD&A as Adjusted Net Income1 for the nine month periods ended
As a result, the Adjusted EPS1 for the nine months ended
The revisions relate only to the MD&A and no changes were made to the financial statements for the same periods. There were no changes to Same Store Sales Growth1, Revenue, Gross Profit, Net Loss, EBITDA1 and Operating EBITDA1.
The Amended MD&A is available under the Company's profile on www.sedar.com
About Sleep Country
Sleep Country is
Non-IFRS Measures
This news release makes reference to certain measures that are not recognized under IFRS and do not have a standardized meaning prescribed by IFRS. They are therefore unlikely to be comparable to similar measures presented by other companies. These measures are provided as additional information to complement IFRS measures by providing further understanding of the Company's results of operations from management's perspective. Accordingly, they should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS. The Company uses non-IFRS measures including "Same Store Sales Growth" or "SSSG", "EBITDA", "Operating EBITDA", "Adjusted Net Income" and "Adjusted Earnings Per Share" to provide investors with supplemental measures of its operating performance and thus highlight trends in its business that may not otherwise be apparent when relying solely on IFRS financial measures. The Company also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. The Company's management also uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. For a reconciliation of these non IFRS measures refer to the Company's MD&A.
1 See the Non-IFRS Measures section of this news release.
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