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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
Check below for free stories on TPX;SCSS;MFRM the last two weeks.
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April 17, 2014
18:55 EDTSCSSOn The Fly: After Hours Movers
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16:11 EDTSCSSSelect Comfort bounces after results, first look
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16:04 EDTSCSSSelect Comfort sees FY14 adjusted EPS approx $1.07, consensus $1.11
Sees FY14 revenue growth mid- to high-single digits. FY14 revenue consensus $1.04B. Sees adding net 20-30 new stores this year, with capital expenses totaling $70M-$80M.
16:02 EDTSCSSSelect Comfort reports Q1 EPS 31c, consensus 32c
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15:29 EDTSCSSNotable companies reporting after market close
Notable companies reporting before tomorrow's market open, with earnings consensus, include athenahealth (ATHN), consensus 17c; Allison Transmission (ALSN), consensus 31c; Investors Bancorp (ISBC), consensus 24c; Cepheid (CPHD), consensus (17c); Advanced Micro Devices (AMD), consensus 0c; Associated Banc-Corp (ASBC), consensus 25c; Hub Group (HUBG), consensus 36c; Capital Bank (CBF), consensus 24c; Select Comfort (SCSS), consensus 32c; Acacia Research (ACTG), consensus 4c.
April 16, 2014
15:42 EDTSCSSSelect Comfort April 18 straddle priced for 10% move into Q1
13:55 EDTSCSSSelect Comfort April volatility elevated at 130 into Q1
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April 14, 2014
14:56 EDTSCSSSelect Comfort April volatility elevated at 98 into Q1
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April 8, 2014
15:37 EDTMFRM40 North Investments raises stake in Mattress Firm to 8.73% from 8.16%
08:35 EDTTPXTempur Sealy to acquire Sealy brand rights in Japan
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