Select Comfort (SCSS) reported earnings on Tue 17 Oct 2017 (a/h)

• Select Comfort (SCSS) changed their corporate name to Sleep Number (SNBR) in November 2017.

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MINNEAPOLIS (AP) _ Select Comfort Corp. (SCSS) on Tuesday reported third-quarter profit of $25.6 million.

The Minneapolis-based company said it had profit of 62 cents per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The seller of beds, mattresses and bedding products posted revenue of $402.6 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $415.1 million.

Select Comfort expects full-year earnings to be $1.30 to $1.45 per share.

Select Comfort shares have increased 34 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $30.23, a rise of 44 percent in the last 12 months.

Select Comfort (SCSS) reported earnings on Wed 19 Apr 2017 (a/h)

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MINNEAPOLIS (AP) _ Select Comfort Corp. (SCSS) on Wednesday reported first-quarter net income of $24.5 million.

On a per-share basis, the Minneapolis-based company said it had net income of 56 cents.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The seller of beds, mattresses and bedding products posted revenue of $393.9 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $370.2 million.

Select Comfort expects full-year earnings to be $1.25 to $1.50 per share.

Select Comfort shares have increased 14 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $25.78, a rise of 27 percent in the last 12 months.

Select Comfort (SCSS) reported earnings on Wed 19 Oct 2016 (a/h)

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Select Comfort misses by $0.01, misses on revs; co lowers FY16 EPS and revenue guidance given its soft outlook :

• Reports Q3 (Sep) earnings of $0.56 per share, $0.01 worse than the Capital IQ Consensus of $0.57; revenues fell 1.6% year/year to $368 mln vs the $391.03 mln Capital IQ Consensus.
• Co lowers FY16 EPS guidance to $1.15-1.25 vs. $1.23 Capital IQ Consensus Estimate, down from $1.25-1.45
• Co also lowers revenue guidance...
  • The outlook assumes high single-digit sales growth for the full year (co prior guidance: The outlook assumes low-teen sales growth for the full year)
    • The outlook also assumes an 11% increase in store count in 2016 and capital expenditures of $65 million, compared with $86 million in 2015
    • "Our outlook does not contemplate a further deterioration of the consumer spending environment."

Select Comfort (SCSS) reported earnings on Wed 4 Nov 2015 (after close)

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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.

Select Comfort (SCSS) reports Wed 18 July 2012

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Select Comfort's second-quarter earnings jumped 50% as the mattress seller saw strong sales through its company-exclusive distribution system. Results beat analyst expectations and the company also raised its full-year per-share adjusted earnings. Shares jumped 17% to $25.48 after hours.

Shares of the company were up 18 percent at $25.78 in after-hours trading. 

Select Comfort on Wednesday raised its adjusted 2012 earnings outlook to between $1.41 and $1.47 per share from $1.38 to $1.46 per share.

Select Comfort, known for its Sleep Number line of adjustable-firmness mattresses, has been increasing its store count and ramping up promotions to gain share from rivals.