Consumers

Over the course of the year, the QUIC Consumers (CON) Canadian Portfolio returned (9.5%), underperforming the benchmark by (25.7%), and generating alpha of (26.7%). The team’s investment in Sleep Country (ZZZ) generated strong returns, as management successfully adapted to stores closures and continued to execute on its strategic initiatives.

The sector will continue to deal with supply chain issues that are expected to ease up over the course of next year. Persistent levels of inflation will continue to affect most companies in the industry, and the team will continue to monitor the players that can effectively pass the price increases to consumers.