Mattress Firm (MFRM) reached a record high Friday after the company reported an improved quarter of revenue and same-store sales. It also issued mixed guidance for fiscal 2014.
Shares are up 5.71% at $46.99, with an all-time high of $47.64.
The specialty retailer of mattresses reported late Thursday Q4 adjusted income of $10.4 million or $0.30 per share, ex one-time items, compared with the prior-year period’s $9.99 million or $0.30 per share. Revenue was $312.1 million, up 20.8% from the same quarter last year. Comparable-store sales growth was 6.5%.
Analysts polled by Capital IQ were expecting EPS of $0.29 on revenues of $312.23 million.
The company has raised its guidance for fiscal 2014, now expecting net sales of $1.46 billion – $1.52 billion, from the prior guidance range of $1.38 billion – $1.43 billion. The Street view is for revenue of $1.41 billion. Adjusted EPS is now anticipated to be $1.88 – $2.00, up from the previous guidance range of $1.85 – $1.95 EPS. Analysts are looking for EPS of $1.92.
The company continues to expect comparable-store sales of low single digit growth.
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