Mattress Firm Holding Q3 Profit Rises - Quick Facts

(RTTNews) - Mattress Firm Holding Corp. (MFRM) Wednesday reported third-quarter profit of $18.1 million or $0.53 per share, up from $12.46 million or $0.37 per share in the same period last year.

Adjusted earnings for the quarter was $18.7 million or $0.55 per share. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.54 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased 17.7 percent to $326.2 million from $277.26 million last year. Analysts expected revenues of $320.43 million.

Looking ahead to the fiscal 2014, the company has lowered its earnings outlook to a range of $1.65 to $1.73 per share from its previous guidance range of $1.66 to $1.74 per share, with adjusted earnings ranging between $1.75 and $1.83 per share.

Sales are projected in a range of $1.217 billion to $1.224 billion, up from $1.194 billion to $1.207 billion, issued previously. Analysts currently expect the company to report full-year earnings of $1.77 per share on revenues of $1.20 billion.