Select Comfort Corp (SCSS) Tops Q4 EPS by 12c, Offers Guidance

Select Comfort Corp (NASDAQ: SCSS) reported Q4 EPS of $0.35, $0.12 better than the analyst estimate of $0.23. Revenue for the quarter came in at $322.2 million versus the consensus estimate of $282.78 million.

Select Comfort Corp sees FY2015 EPS of $1.30, may not compare to consensus of $1.39.

The company expects full-year 2015 earnings per diluted share of $1.30 on a GAAP basis. This outlook includes $11 million (pre-tax), or $0.13 per diluted share, of estimated launch costs related to the company’s ERP (Enterprise Resource Planning) system planned for implementation in the fourth quarter of 2015. The outlook implies earnings per share growth of 20% excluding the impacts of the extra week in 2014 and the 2015 ERP launch costs. The outlook assumes high-single-digit total net sales growth and a 6% increase in store count in 2015. The company anticipates 2015 capital expenditures will be approximately $80 million, including investments in information technology and new, relocated and remodeled stores.

The company has also established a long-range target of $2.75 earnings per diluted share for 2019, with returns on invested capital expected in the mid-teens.

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

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