Select Comfort beats by $0.21, beats on revs; reaffirms FY15 EPS guidance :
- Reports Q3 (Sep) earnings of $0.62 per share, $0.21 better than the Capital IQ Consensus of $0.41; revenues rose 15.6% year/year to $373.9 mln vs the $355.18 mln Capital IQ Consensus.
- Co reaffirms guidance for FY15, sees EPS of $1.35 vs. $1.37 Capital IQ Consensus Estimate.
- The outlook remains as planned and assumes sales growth for the second-half of the year consistent with previous guidance of mid- to high-single-digit, adjusting for the extra week in the prior year's fourth quarter. It assumes approximately 490 stores at year end, a 6% increase versus the prior year end. We continue to expect our full-year 2015 return on invested capital to be in the mid-teens, above our 10% weighted average cost of capital.
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