Select Comfort Corp (SCSS) Misses Q3 EPS by 1c; Updates Outlook

October 19, 2016 4:06 PM EDT
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Select Comfort Corp (NASDAQ: SCSS) reported Q3 EPS of $0.56, $0.01 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $368 million versus the consensus estimate of $391.02 million.

GUIDANCE:

Select Comfort Corp sees FY2016 EPS of $1.15-$1.25, versus the consensus of $1.24.

“We delivered record operating cash flows for the first nine months of the year as our operational improvements exceeded our expectations and offset the effects of a worsening consumer environment,” said Shelly Ibach, president and chief executive officer of Select Comfort. “Our investments have strengthened our direct-to-consumer business model and we are making significant progress toward delivering a more convenient customer experience. We expect the digital capabilities we’re developing to succeed in the hyper-competitive digital marketplace.”

For earnings history and earnings-related data on Select Comfort Corp (SCSS) click here.



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