Mattress Firm (MFRM) Reports Q4 Earnings

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Mattress Firm (NASDAQ: MFRM) reported Q4 EPS of $0.56 vs. analyst estimate of $0.19 (and a loss of $0.07 same qtr last year). Revenue for the quarter came in at $188.6 million versus the consensus estimate of $177.21 million.

The Company today announced the signing of a purchase agreement for all of the equity interests of Mattress Giant for approximately $47 million in cash, subject to customary purchase-price and certain other adjustments. The Company expects that the transaction, which remains subject to customary closing conditions, will be completed during its fiscal second quarter ending July 31, 2012. The Company expects to fund the purchase price from cash reserves.

For earnings history and earnings-related data on Mattress Firm (MFRM) click here.

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