Select Comfort Q1 Profit Rises; Increases 2015 EPS Outlook - Quick Facts

(RTTNews) - Select Comfort Corporation (SCSS) reported first quarter net income of $28.8 million or $0.54 per share, compared to $17.0 million or $0.31 per share, prior year.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.41 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $349.81 million from $276.41 million last year. Analysts expected revenue of $332.56 million for the quarter.

Shelly Ibach, CEO of Select Comfort, said: "Continued strong consumer response to the combination of our advertising, benefit-driven products and differentiated retail experience delivered performance ahead of expectations. Our investments in innovation, technology and distribution are growing the business in a sustainable, profitable manner and creating value for our shareholders."

The company has increased its full-year 2015 earnings per share outlook to $1.35, compared with the previous outlook of $1.30 per share. The outlook assumes high-single-digit total net sales growth for the balance of the year and a 6% increase in store count in 2015. Analysts expect the company to report 2015 earnings per share of $1.35.