Mattress Firm Profit Misses Estimates, Lifts FY Sales Guidance; Stock Down 2%

(RTTNews) - Bedding retailer Mattress Firm Holding Corp (MFRM) on Tuesday reported first-quarter net earnings of $5.5 million or $0.15 per share compared with $7.7 million or $0.22 per share last year.

Excluding items, adjusted earnings for the quarter were $0.33 per share compared with $0.31 per share a year ago.

Revenues for the quarter were $562.6 million compared with $333.5 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.39 per share on revenues of $565.8 million for the quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company continues to expect adjusted earnings of $2.50 to $2.70 per share. It now expects revenues of $2.49 billion to $2.54 billion, up from prior guidance of $2.47 billion to $2.52 billion.

Analysts expect earnings of $2.62 per share on revenues of $2.49 billion for the year.