Select Comfort Corp (SCSS) Tops Q2 EPS by 2c, Reiterates Guidance

Select Comfort Corp (NASDAQ: SCSS) reported Q2 EPS of $0.03, $0.02 better than the analyst estimate of $0.01. Revenue for the quarter came in at $277 million versus the consensus estimate of $283.55 million.

GUIDANCE:

Financial OutlookThe company reiterates its outlook for 2016 earnings per diluted share of $1.25 to $1.45, compared with full-year 2015 earnings per diluted share of $0.97. The outlook assumes low-teen sales growth for the full year. The outlook assumes a 10% increase in store count in 2016 and capital expenditures of approximately $65 million, compared with $86 million in 2015. The outlook does not contemplate a worsening consumer spending environment.

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

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