Select Comfort Corporation
), reiterated its outlook for 2013, which it had trimmed at the
time of the announcement of third-quarter 2013 results on Oct 16,
The company now maintains its full-year 2013 GAAP earnings
guidance in the range of $1.14-$1.22 per share. It also
reaffirmed the fourth-quarter earnings projection of 18-26 cents
a share. Net sales are still expected to grow at a low
double-digit rate during the final quarter.
This manufacturer of premium quality, innovative
adjustable-firmness beds and other sleep-related products had
anticipated comparable-store sales to grow in the mid
Select Comfort reported third-quarter earnings per share of 36
cents, which came below the Zacks Consensus Estimate of 42 cents
and fell 21.7% from the year-ago quarter. Tough macroeconomic
conditions, higher costs and lower-than-expected sales were the
primary factors behind the dismal performance. Consequently, the
company lowered its full-year earnings guidance. (Please Read:
Select Comfort Misses Earnings, Guides Low
A downtrend was triggered in the Zacks Consensus Estimate
following the company's lower-than-anticipated results and
truncated guidance. This is evident from the movement witnessed
in the Zacks Consensus Estimate that dropped 12.1% to $1.16 for
2013 and 15.7% to $1.40 per share for 2014 in the past 30
With the Zacks Consensus Estimate for both 2013 and 2014 going
down, the company now has a Zacks Rank #5 (Strong Sell).
Other stocks that are worth considering include
Best Buy Co., Inc.
Five Below, Inc.
). While Hanesbrands and Best Buy carry a Zacks Rank #1 (Strong
Buy), Five Below has a Zacks Rank #2 (Buy).
BEST BUY (BBY): Free Stock Analysis Report
FIVE BELOW INC (FIVE): Free Stock Analysis
HANESBRANDS INC (HBI): Free Stock Analysis
SELECT COMFORT (SCSS): Free Stock Analysis
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