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Select Comfort Corp (SCSS) Misses Q3 EPS by 6c, Miss on Revenues; Narrows FY17 EPS Guidance Range, Mid-Point Remains Below Consensus

October 17, 2017 4:09 PM EDT

Select Comfort Corp (NASDAQ: SCSS) reported Q3 EPS of $0.62, $0.06 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $403 million versus the consensus estimate of $413.93 million.

Financial Outlook

The company updated its outlook for 2017 earnings per diluted share to a range of $1.30 to $1.45 per share. The outlook includes an estimated $0.18 EPS impact from incremental costs related to the launch of the Sleep Number 360™ smart bed line and the evolution of our supply chain. The outlook assumes high single-digit sales growth, including 5 to 6 percentage points from net new store openings and low single-digit comp store growth. The company anticipates 2017 capital expenditures to be approximately $55 million.

  • Reported net sales increase of 9% to $403 million
  • Generated record operating cash flow of $176 million for the first nine months of the year
  • Increased share repurchase authorization to $500 million
  • Maintained midpoint of EPS outlook, while narrowing range to $1.30 to $1.45 per share

GUIDANCE:

Select Comfort Corp sees FY2017 EPS of $1.30-$1.45, versus the consensus of $1.39.

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



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