Select Comfort Corp (SCSS) Q4 Revenue Misses, Offers FY16 Guidance

Select Comfort Corp (NASDAQ: SCSS) reported Q4 EPS of ($0.42), may not compare to the analyst estimate of ($0.05). Revenue for the quarter came in at $214.7 million versus the consensus estimate of $289.72 million.

GUIDANCE:

Select Comfort Corp sees FY2016 GAAP EPS of $1.25-$1.45, may not compare to consensus of $1.57.

The company expects to generate full-year 2016 GAAP earnings per diluted share of between $1.25 and $1.45, a 29% to 49% increase versus full-year 2015 earnings per diluted share of $0.97. The outlook assumes low-teen sales growth for the full-year, with low-single digit growth in the first half of the year, followed by stronger growth in the back-half of the year. Our 2016 outlook includes an estimated $0.25 to $0.30 EPS reduction related to the ERP transition (largely in the first quarter), including $40 to $50 million of estimated sales impact. The outlook assumes a 10% increase in store count in 2016, compared with 5% store count growth in 2015. The company anticipates 2016 capital expenditures will be approximately $70 million. The outlook does not contemplate a worsening of the consumer spending environment.

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

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