Mattress Firm Holding Q4 Profit Rises; Lifts FY14 Adj. EPS, Revenue Outlook

(RTTNews) - Mattress Firm Holding Corp. (MFRM) Thursday reported fourth-quarter net income of $8.7 million or $0.25 per share, up from $7.6 million or $0.22 per share in the same period last year.

Adjusted earnings for the quarter was $10.4 million or $0.30 per share. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.29 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased 17.7 percent to $312.08 million from $258.25 million last year, while nine analysts expected revenues of $312.24 million.

Looking ahead to the fiscal 2014, the company now expects earnings to be in the range of $1.67 to $1.76 per share, adjusted earnings of $1.88 to $2.00 per share and net sales in the order of $1.46 billion to $1.52 billion.

Earlier, the company expected earnings of $1.72 to $1.81 per share, adjusted earnings of $1.85 to $1.95 per share and net sales in range of $1.38 billion to $1.43 billion. Analysts currently expect the company to report full-year earnings of $1.90 per share on revenues of $1.41 billion.