Mattress Firm (MFRM) Reports Q3 Earnings of $0.55, Offers FY11 Guidance
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Mattress Firm (NASDAQ: MFRM) reported Q3 EPS of $0.55, versus $0.08 reported last year. Revenue for the quarter came in at $183.5 million, versus $130.7 million reported last year.
Mattress Firm sees FY2011 revenue of $685-$690 million. Mattress Firm sees an iincrease in comparable-store sales of 16% to 17%. Adjusted EBITDA and income from operations for fiscal 2011 are expected to be in the ranges from $80 million to $82 million and from $54 million to $56 million, respectively.
Mattress Firm sees FY2011 revenue of $685-$690 million. Mattress Firm sees an iincrease in comparable-store sales of 16% to 17%. Adjusted EBITDA and income from operations for fiscal 2011 are expected to be in the ranges from $80 million to $82 million and from $54 million to $56 million, respectively.
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