Mattress Firm (MFRM) to Acquire Sleepy's in $780M Deal
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Mattress Firm (MFRM) Sleepy Deal Offers Near-Term Risk But Long-Term Gains - UBS
December 1, 2015 9:32 AM ESTMichael Lasser from UBS thinks the Sleepy's deal raises Mattress Firm Holding Corp. (NASDAQ: MFRM) long term earnings potential while it elevates near term risk.
MFRM's purchase of Sleepy's puts the final piece in place for it to become the dominant national bedding retailer as it takes out the most obvious competitor of scale that it might have faced in more markets over time.
The company expects to operate the Sleepys infrastructure & brand for the foreseeable future so there will be future sources of cost savings to... More
Mattress Firm (MFRM) Announces Acquisition of Sleepy's; Piper Jaffray Raises Price Target to $55.00
December 1, 2015 7:48 AM ESTPiper Jaffray reiterated a Neutral rating on Mattress Firm Holding Corp. (NASDAQ: MFRM), and raised the price target to $55.00 (from $47.00), following the company's announcement of the acquisition of Sleepy's, along side a positive pre-announcement of Q3 sales and EPS. Following the acquisition, MFRM will be the leader in mattress retailing with over 20% market share, and with national scale for... More
Mattress Firm (MFRM) to Resume Trading at 4:35 PM
November 30, 2015 4:31 PM ESTMattress Firm (NASDAQ: MFRM) to Resume Trading at 4:35 PM
... MoreMattress Firm (MFRM) Prelim. Q3 Revenue, EPS Top Views
November 30, 2015 4:05 PM ESTMattress Firm (NASDAQ: MFRM) reported preliminary net sales and Adjusted EPS for the third fiscal quarter (thirteen weeks) ended November 3, 2015. Net sales for the third fiscal quarter increased 50.7% to $699.5 million, reflecting comparable-store sales growth of 3.8% and the addition of new and acquired stores. The Company expects third fiscal quarter earnings per diluted share (EPS) on a generally accepted accounting principles (GAAP) basis of $0.65 to $0.67, and EPS on a non-GAAP adjusted (Adjusted) basis, excluding acquisition-related costs and impairment and severance charges, is expected to be between $0.80 and $0.82 per diluted share for the third fiscal quarter.
*** The... More
Mattress Firm (MFRM) halted with news pending
November 30, 2015 4:00 PM ESTMattress Firm (NASDAQ: MFRM) trading halted with news pending.
... More