Select Comfort Corp (SCSS) Reports Q3 EPS of 62c, Affirms FY15 EPS Guidance

Select Comfort Corp (NASDAQ: SCSS) reported Q3 EPS of $0.62, may not compare to the analyst estimate of $0.40. Revenue for the quarter came in at $374 million versus the consensus estimate of $355.73 million.

Select Comfort Corp sees FY2015 EPS of $1.35, versus the consensus of $1.35.

The company confirmed its guidance for 2015 earnings per diluted share of $1.35. 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 (ROIC) to be in the mid-teens, above our 10% weighted average cost of capital.

For reference, earnings for fourth quarter 2014 included $0.10 per diluted share of one-time benefits ($0.06 for the extra week and $0.04 for a legal settlement). Please refer to the last schedule of this news release for supplemental financial information that summarizes discrete items impacting our outlook for the second-half of our fiscal year.

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

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