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Mattress maker Select Comfort beats estimates
July 16, 2014 / 8:25 PM / 3 years ago

Mattress maker Select Comfort beats estimates

July 16 (Reuters) - Specialty mattress maker Select Comfort Corp reported better-than-expected quarterly net sales and profit, helped by a 7 percent rise in company-controlled same-store sales, sending shares up 16 percent in extended trading.

Net income fell to $8.5 million, or 16 cents per share, in the second quarter ended June 28 from $9.9 million, or 18 cents per share, a year earlier.

Net sales rose 13 percent to $234.7 million.

Analysts on an average had expected earnings of 14 cents per share on revenue of $223.7 million, according to Thomson Reuters I/B/E/S. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Joyjeet Das)

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