MFRM

On Monday, the maker of the Sleep Number bed, Select Comfort (SCSS) sent shudders through the furniture and bedding manufacturing industry when it warned that not only would fourth-quarter sales miss the mark but that the challenging times would continue into 2014: Select Comfort Corp…reported that preliminary fourth-quarter 2013 total net sales grew 5% year-over-year to $231 million, with flat company-controlled comparable sales growth. The mid-point of the company’s fourth-quarter EPS guidance range of $0.18 to $0.26 assumed low-double-digit growth in total net sales and mid-single-digit growth in company-controlled comparable sales. Through November, company performance was trending consistent with the EPS guidance range, with solid sales results and expense controls. From Cyber Monday through the end of December, however, sales … Read more