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15% increase in net sales at Select Comfort
22 Jul '10
4 min read
The second quarter of 2009 included a valuation allowance adjustment for income taxes and asset impairment charges. Adjusting for these items, net loss would have been $0.01 per share. A reconciliation is provided at the end of this news release.
Fiscal 2010 Outlook
The company confirms its previous guidance and continues to expect earnings per share of between $0.45 and $0.50 in 2010. The company's outlook anticipates positive same-store growth over the balance of the year, although it anticipates that the rate of growth will slow as year-over-year comparisons become more difficult.
The company concluded the second quarter of 2010 with 395 stores and expects to end fiscal 2010 with between 380 and 390 stores after netting planned store openings and closings. The company anticipates 2010 capital expenditures of approximately $15.0 million.
Fiscal 2010 Outlook
The company confirms its previous guidance and continues to expect earnings per share of between $0.45 and $0.50 in 2010. The company's outlook anticipates positive same-store growth over the balance of the year, although it anticipates that the rate of growth will slow as year-over-year comparisons become more difficult.
The company concluded the second quarter of 2010 with 395 stores and expects to end fiscal 2010 with between 380 and 390 stores after netting planned store openings and closings. The company anticipates 2010 capital expenditures of approximately $15.0 million.
Select Comfort Corporation
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