More on Mattress Firm (MFRM): Q3 beats on both a per share and a revenue basis as total sales...
Tuesday, December 4, 2012, 5:24 PM ETMore on Mattress Firm (MFRM): Q3 beats on both a per share and a revenue basis as total sales rose by 51% Y/Y. Net profit grew by 1.2% as comparable-store sales growth rose 6.6% for the quarter. However, the company noted that sales traffic had slowed in November, it was reducing FY13 guidance. It now expects its EPS to come in the range of $1.49 - $1.52 on revenues of between $1.01B - $1.015B. This is down from the prior range of $1.022B - $1.039B, and below consensus estimates for an EPS of $1.69 on revenue of $1.024B. Shares -22% AH.
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