Select Comfort (SCSS – Snapshot Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $0.01 per share (after excluding $0.43 for nonrecurring items) and revenue of $214.7 million.
Currently, SCSS has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Select Comfort:
Beat earnings estimates. The company posted $0.01 per share, surpassing our Zacks Consensus Estimate of $-0.05.
Missed revenue estimates. The company saw revenue figures of $214.7 million, missing our estimate of $289 million.
Adjusted EBITDA was -$15.4 million, compared to $40.8 million the same quarter last year.
“Many of our customers endured delays and delivery reschedules as we ramped up the new system. These results are not acceptable to us”-CEO Shelly Ibach.
SCSS was down $3.62, or 17.65%, to $16.89 as of 5:05 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at Select Comfort’s quarterly revenues growth.
Select Comfort Corporation (SCSS – Snapshot Report) Quarterly Revenue & Growth Rate | FindTheCompany
Select Comfort is engaged in the manufacture, specialty retailing, and direct marketing of premium quality, innovative adjustable-firmness beds and other sleep-related products. Its signature is the Sleep Number bed. Select Comfort was founded in 1987 and is headquartered in Plymouth, Minnesota.
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