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News Breaks
January 6, 2014
08:09 EDTSCSSSelect Comfort now sees Q4 EPS below the low end of 18c-26c view
Consensus is 22c. Reports Q4 preliminary total net sales up 5% y/y to $231M, consensus is $241.67M. Reports preliminary Q4 flat company-controlled comparable sales growth. The mid-point of the company’s Q4 EPS guidance range of 18c-26c assumed low-double-digit growth in total net sales and mid-single-digit growth in company-controlled comparable sales. Through November, company performance was trending consistent with the EPS guidance range, with solid sales results and expense controls. From Cyber Monday through the end of December, however, sales trends fell below internal goals. As a result, the company now expects Q4 EPS to be below the low end of its guidance range.
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