Mattress Firm 3Q Preliminary Sales Hit $699.5M

December 1, 2015  by in Financial Reports, Industry   

The retailer expects third fiscal quarter earnings per diluted share on a generally accepted accounting principles basis of $0.65 to $0.67, and EPS on a non-GAAP adjusted basis, excluding acquisition-related costs and impairment and severance charges, is expected to be between $0.80 and $0.82 per diluted share for the third quarter.

"We delivered strong results in the third quarter, with over 50 percent net sales growth driven by our acquired stores, new stores, and our 3.8 percent same-store sales growth," said Steve Stagner, CEO. "This represents our ninth consecutive quarter of positive same store sales growth. We currently anticipate reporting third quarter adjusted EPS growth of 14 percent to 17 percent, in-line with our expectations for the quarter. Our entire organization is executing well and benefiting from the streamlined organizational structure and management initiatives we have in place. We remain focused on executing on our growth plan and creating value for our shareholders through our relative market share strategy."

Mattress Firm expects to report its finalized third fiscal quarter results Monday, Dec. 7 prior to the market opens. A conference call for investors and other interested parties will kick off at 8:30 a.m. Eastern time Monday.