Select Comfort’s Q1 Sales Up Over Year Ago Levels, Earnings Drop – Stock up 4% in Early After-Hours

Select Comfort (SCSS) reported Q1 sales of $276 million, ahead of the analyst consensus of $273 million on Capital IQ, and up from $258 million in last year’s quarter. EPS was $0.31, down from $0.41 per share in last year’s quarter.

Looking forward, the company expects full-year 2014 earnings per diluted share to approximate full-year 2013 adjusted earnings per diluted share of $1.07. This outlook assumes mid- to high-single-digit total revenue growth and the addition of 20 to 30 net new stores during the year. The Street consensus is $1.11 per share.

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