Mattress Firm Fiscal Q2 Results Lag Views (NASDAQ:MFRM)


Mattress Firm Holding (NASDAQ:MFRM) reported a fiscal Q2 adjusted earnings per share of $0.57 compared with an EPS of $0.68 a year ago, lagging the $0.65 average EPS estimate from analysts polled by Capital IQ. Net sales over the three months that ended Aug. 4 catapulted 48.2% to $980 million, but came in below the $1-billion consensus. The adjusted EPS excludes the non-cash amortization of Tradenames, according to a company statement. As the company entered into a planned merger with Steinhoff International Holdings N.V., it will neither update the outlook for fiscal 2016 nor hold a conference call to discuss fiscal Q2 results. The acquisition is expected to close by or around the end of Q3, subject to conditions.

About 881,214 shares traded hands. Mattress Firm Holding Corp (NASDAQ:MFRM) has risen 86.14% since February 8, 2016 and is uptrending. It has outperformed by 69.65% the S&P500.

Mattress Firm Holding Corp. is a holding company. The company has a market cap of $2.38 billion. The Firm is a specialty retailer of mattresses and related products and accessories in the United States. It currently has negative earnings. It operates through two divisions: retail activities and franchise operations.

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