Seeking Alpha

Select Comfort plunges on Q3 miss, weak guidance

  • "Our execution was muted by a progressively more challenged macro-economic environment, resulting in performance below expectations," Select Comfort's (SCSS) Shelly Ibach says.
  • Whatever the case, investors don't like the company's quarter, as the shares are off 26% AH following a top and bottom line miss for Q3.
  • Operating margin fell 470 bps Y/Y for the period.
  • Outlook: FY13 EPS guidance is cut to $1.14-1.22 from $1.30-1.45. Management sees FQ4 EPS of $0.18-0.26 against consensus of $0.32/share. (PR)
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs