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Stock Market & Financial Investment News

News Breaks
March 27, 2013
11:16 EDTTPX, MFRM, SCSSMattress makers climb after retailer reports Q4 results
Shares of mattress makers Tempur-Pedic (TPX) and Select Comfort (SCSS) are advancing after mattress retailer Mattress Firm (MFRM) reported weaker than expected Q4 results but provided higher than expected revenue guidance for fiscal 2013. WHAT'S NEW: Retailer Mattress Firm said that it expected its fiscal 2013 revenue to be $1.237B-$1.25B, versus analysts' consensus estimate of $1.21B. The company reported that its revenue in its fiscal fourth quarter jumped 37% year-over-year to $258.2M, but that was below analysts' consensus estimate of $251.54M. Mattress Firm's revenue was boosted by sales at newly acquired stores, as its sales at comparable stores dropped 1.6%. "Looking to 2013...we expect to drive sales and operating margin expansion from the ongoing sales growth of acquired stores, which will be enhanced as we pass the anniversary dates of our 2012 acquisitions," said Mattress Firm CEO Steve Stagner. Mattress Firm's fourth quarter earnings per share, excluding acquisition charges and other one-time expenses, came in below analysts' consensus estimates, as did its fiscal 2013 earnings per share guidance. ANALYST REACTION: Several analysts reacted positively to Mattress Firm's guidance in notes to clients earlier today. Research firm Raymond James upgraded the stock to Outperform from Market Perform, while Citigroup wrote that the company's sales growth should accelerate as mattress prices are continuing to increase. TODAY'S PRICE ACTION: In mid-morning trading, Tempur-Pedic climbed 6.3% to $49.80, Select Comfort advanced 2.7% to $19.50, and Mattress Firm jumped 8.9% to $33.75.
News For TPX;SCSS;MFRM From The Last 14 Days
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February 19, 2015
10:32 EDTTPXHigh option volume stocks:
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February 18, 2015
08:20 EDTTPXTempur Sealy says strategic priorities include expanding margins
Says strategic priorities include accretive acquisitions of licensees, JVs, expanding distribution, expanding margins.
08:19 EDTTPXTempur Sealy sees FY15 adjusted EPS growth 12%-27%
Sees FY15 adjusted EPS growth 12%-27% and net sales growth 5.5%-8.5%, as adjusted for FX. Not adjusted for FX, sees FY15 adjusted EPS growth 2%-17%, net sales growth 2%-5%.
08:17 EDTTPXTempur Sealy says targeting 15% annual base adjusted EPS growth 2015-2018
Says targeting 6% annual base sales growth 2015-2018. Targeting 50bps annual base operating margin improvement 2015-2018. Comments from Investor Day presentation slides.
February 17, 2015
13:36 EDTTPXTempur Sealy says 'disappointed' in H Partners going public
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07:42 EDTTPXTempur Sealy shareholder H Partners demands leadership, board changes
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06:36 EDTTPXH Partners to demand CEO change at Tempur Sealy, WSJ says
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