Investors in Select Comfort Corporation (SCSS) have had a few nights of rough sleep after Q2 earnings were released in July. The company missed on both the top and bottom lines. Comparable sales fell 6% year-over-year. Even its operating margin fell 530 basis points from the prior year. However, the good news is that management is optimistic for the rest of the year and EPS guidance remains the same at $1.30 to $1.45. We feel that the company has a number of industry and company-specific tailwinds that will reward shareholders going forward.
Select Comfort is the exclusive manufacturer, marketer, retailer and servicer of the infamous Sleep Number line of mattresses and bedding. These mattresses allow individuals...
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