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Last $24.19 USD
Change Today -0.26 / -1.06%
Volume 256.3K
SCSS On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 1:42 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

select comfort corporation (SCSS) Key Developments

Select Comfort Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 4, 2015; Reiterates Earnings Guidance for the Full-Year 2015; Reports Impairments for the Second Quarter Ended July 4, 2015

Select Comfort Corporation reported unaudited consolidated earnings results for the second quarter and six months ended July 4, 2015. For the quarter, the company reported net sales of $275,289,000 against $234,763,000 a year ago. Operating income was $16,629,000 against $12,711,000 a year ago. Income before income taxes was $16,762,000 against $12,789,000 a year ago. Net income was $11,038,000 or $0.21 per diluted share against $8,481,000 or $0.16 per diluted share a year ago. Adjusted EBITDA was $30,754,000 against $24,795,000 a year ago. Retail comparable-store sales increased 13% compared to an increase of 8% for the same period of previous year. Retail comparable-store sales increased 13% compared to an increase of 8% for the same period of previous year. Company-controlled comparable sales change was 13% compared to 7% a year ago. For the six months, the company reported net sales of $625,098,000 against $511,175,000 a year ago. Operating income was $60,354,000 against $38,513,000 a year ago. Income before income taxes was $60,640,000 against $38,693,000 a year ago. Net income was $39,837,000 or $0.75 per diluted share against $25,473,000 or $0.47 per diluted share a year ago. Net cash provided by operating activities was $45,054,000 against $49,578,000 a year ago. Purchases of property and equipment were $38,938,000 against $39,766,000 a year ago. Retail comparable-store sales increased 18% compared to an increase of 5% for the same period of previous year. Company-controlled comparable sales change was 18% compared to 4% a year ago. The company reiterates its guidance for the full-year 2015 earnings per diluted share of $1.35. The outlook assumes mid- to high-single-digit total net sales growth for the balance of the year and a 6% increase in net new stores for 2015. The outlook also includes $11 to 12 million (pre-tax), or $0.13 to 0.14 per diluted share, of estimated launch costs during the year related to the company's ERP (Enterprise Resource Planning) system implementation planned for the fourth quarter of 2015. The company reported asset impairments of $15,000 for the second quarter ended July 4, 2015 compared to $88,000 for the same period a year ago.

Select Comfort Corporation to Report Q2, 2015 Results on Jul 22, 2015

Select Comfort Corporation announced that they will report Q2, 2015 results at 5:00 PM, Eastern Daylight on Jul 22, 2015

Select Comfort Corporation, Q2 2015 Earnings Call, Jul 22, 2015

Select Comfort Corporation, Q2 2015 Earnings Call, Jul 22, 2015

Select Comfort Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2015; Revises Earnings Outlook for the Full Year 2015

Select Comfort Corporation reported unaudited consolidated earnings results for the first quarter ended March 29, 2015. For the period, the company’s net sales were $349,809,000 against $276,412,000 a year ago. Operating income was $43,725,000 against $25,802,000 a year ago. Income before income tax was $43,878,000 against $25,904,000 a year ago. Net income was $28,799,000 against $16,992,000 a year ago. Diluted net income per share was $0.54 against $0.31 a year ago. Net cash provided by operating activities was $48,864,000 against $38,864,000 a year ago. Purchases of property and equipment were $17,796,000 against $16,660,000 a year ago. Adjusted EBITDA was $57,423,000 against $34,694,000 a year ago. Free cash flow was $31,068,000 compared to $22,204,000 a year ago. The company has increased its full-year 2015 earnings per diluted share outlook to $1.35, compared with the previous outlook of $1.30 per share. The outlook continues to include $11 million (pre-tax), or $0.13 per diluted share, of estimated launch costs related to the company’s erp (enterprise resource planning) system planned for implementation in the fourth quarter of 2015. The outlook implies earnings per share growth of 24% excluding the impacts of the extra week in 2014 ($0.06 favorable impact to the fourth quarter of 2014 earnings per share) and the estimated 2015 erp launch costs. the outlook assumes high-single-digit total net sales growth for the balance of the year and a 6% increase in store count in 2015.

Select Comfort Corporation to Report Q1, 2015 Results on Apr 22, 2015

Select Comfort Corporation announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 22, 2015

 

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Industry Analysis

SCSS

Industry Average

Valuation SCSS Industry Range
Price/Earnings 15.8x
Price/Sales 1.0x
Price/Book 4.9x
Price/Cash Flow 15.3x
TEV/Sales 0.9x
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