MFRM: Things Are Looking Cushy for Mattress Firm Stock

Same-store sales climbed 6.5% during the fourth quarter

   

MFRM: Things Are Looking Cushy for Mattress Firm Stock

On Thursday, Mattress Firm Holding Corp. (MFRM) posted higher quarterly sales and boosted its outlook for the year, sending MFRM stock up almost 5% in Friday pre-market trading.

mattress firm 630 300x223 MFRM: Things Are Looking Cushy for Mattress Firm Stock
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MFRM stock gained after Mattress Firm said it earned $8.7 million during the fourth quarter, up from $7.6 million during the year-ago period. Adjusted earnings were flat at 30 cents per MFRM share, but that was a penny better than the 29 cents that analysts had anticipated, the Wall Street Journal notes.

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During the quarter, MFRM reported net sales of $312.1 million, up 21% year-over-year and in line with previously announced guidance. MFRM said that same-store sales rose 6.5% in the fourth quarter. MFRM stores sell a variety of leading mattress brands.

MFRM also raised its revenue forecast for the current fiscal year from earlier estimates of between $1.38 billion and $1.43 billion, to a new range of between $1.46 billion and $1.52 billion. Adjusted EPS for the current fiscal year is now projected at between $1.88 and $2 per MFRM share, up from previous guidance of between $1.85 and $1.95 per share.

On Thursday, MFRM stock closed at $44.45 per share. Over the past year, MFRM stock has gained more than 45%.


Article printed from InvestorPlace Media, http://investorplace.com/2014/03/mfrm-things-looking-cushy-mattress-firm-stock/.

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