Key Developments: Select Comfort Corp (SCSS.O)
20.91USD
24 May 2013
$0.08 (+0.38%)
$20.83
$20.62
$20.95
$20.51
554,058
1,409,678
$34.38
$16.62
Latest Key Developments (Source: Significant Developments)
Select Comfort Corp Lowers FY 2013 EPS Guidance
Select Comfort Corp announced that for fiscal 2013, the Company is lowering its outlook for GAAP earnings per diluted share (EPS) from between $1.65 and $1.80 to between $1.30 and $1.45. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.52 for fiscal 2013. Full Article
Select Comfort Corp Issues FY 2013 EPS Guidance Below Analysts' Estimates; Comments On FY 2013 Comparable Sales Growth
Select Comfort Corp announced that for fiscal 2013, it expects earnings per diluted share (EPS) between $1.65-$1.80, a 15% to 26% increase compared fiscal 2012 adjusted earnings per diluted share of $1.43. The guidance reflects a company controlled comparable sales growth target of at least 10% and a net increase in store count from 410 at year-end 2012 to between 435 and 445 by year-end 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.90 for fiscal 2013. Full Article
Select Comfort Corp Raises FY 2012 EPS Guidance
Select Comfort Corp announced that it is raising its outlook for fiscal 2012 and expects GAAP earnings per diluted share (EPS) from between $1.35 and $1.41 to between $1.45 and $1.47. Excluding the charge, this represents non-GAAP guidance of between $1.51 and $1.53. Full Article
Select Comfort Corp. Raises FY 2012 EPS Guidance; Comments On FY 2012 Comparable Sales Guidance
Select Comfort Corp. announced that for fiscal 2012, it is raising its GAAP earnings per diluted share (EPS), including the $5.6 million non-recurring charge in the first quarter of 2012, from between $1.32-$1.40 to between $1.35-$1.41. Excluding the charge, this represents non-GAAP guidance of between $1.41-$1.47. This outlook continues to assume company-controlled comparable sales growth for the remainder of the year of at least 15%. Full Article
Select Comfort Corp. Announces Amendment And Extension Of $20 Million Credit Agreement
Select Comfort Corp. announced it has entered into an amended credit agreement with Wells Fargo Bank, National Association. The amended credit agreement is unsecured, offers less restrictive covenants, reduces costs associated with the line of credit, and extends the maturity date of the credit facility from July 1, 2012, to April 23, 2015. The amended credit facility also contains an accordion feature that allows the Company to increase the credit line to $50 million in total availability, which is subject to lender approval. Full Article
Select Comfort Corp. Raises FY 2012 EPS Guidance; Reaffirms FY 2012 Comparable Same Store Sales Guidance
Select Comfort Corp. announced that for fiscal 2012, it expects GAAP earnings per diluted share, including the $5.6 million non-recurring charge, to be within the previously communicated range of between $1.32 and $1.40, a 23% to 31% increase versus prior year. Excluding the charge, this represents an increase in non-GAAP guidance to between $1.38 and $1.46, a 29% to 36% increase versus prior year. The outlook continues to assume company-controlled comparable sales growth of at least 15% and a net increase in store count from 381 at year-end 2011 to between 400 and 410 by year-end 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.38 for fiscal 2012. Full Article
Select Comfort Corp. Announces Leadership Succession
Select Comfort Corp. announced that, effective June 1, 2012, chief operating officer (COO), Shelly Ibach, will succeed Bill McLaughlin as President and Chief Executive Officer (CEO) of the Company. In anticipation of her new role, Ms. Ibach also has been appointed to the Board of Directors, effective immediately. As part of the succession, Mr. McLaughlin also will retire as a director of the board, effective June 1, 2012. Full Article
Select Comfort Corp. Issues FY 2012 EPS Guidance Above Analysts' Estimates
Select Comfort Corp. announced that for fiscal 2012, it expects to increase earnings per diluted share (EPS) by 23% to 31% to between $1.32 and $1.40. This outlook assumes company-controlled comparable sales growth of at least 15%. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.28 for fiscal 2012. Full Article
Select Comfort Corp. Issues Q4 2011 EPS Guidance In Line With Analysts' Estimates; Raises FY 2011 EPS Guidance
Select Comfort Corp. announced that for fourth quarter of 2011, it expects company controlled comparable sales growth of between 20% and 25% and earnings per diluted share (EPS) of between $0.19 and $0.21, a 46% to 62% increase over prior year. The Company raised fiscal 2011 guidance and expects earnings per diluted share from between $0.90 and $0.96 to between $0.99 and $1.01. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.19 for fourth quarter of 2011 and EPS of $0.95 for fiscal 2011. Full Article
Select Comfort Corp. Raises FY 2011 EPS Guidance; Reaffirms Long Term EPS Guidance
Select Comfort Corp. announced that based on strong second quarter performance, the company is increasing its fiscal 2011 guidance for earnings per diluted share (EPS) from between $0.85 and $0.93 to between $0.90 and $0.96. The Company also reaffirmed its long term goal for earnings per diluted share growth of between 15% and 20% per year. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.90 for fiscal 2011. Full Article
Select Comfort cuts full-year forecast, to fix advertising missteps
- Specialty mattress maker Select Comfort Corp said it would revert to its earlier marketing strategy after a shift in advertising reduced exposure of its products to already cautious customers and hit sales.
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