Select Comfort Q2 Profit Down - Quick Facts

(RTTNews) - Select Comfort Corp. (SCSS) Wednesday reported second-quarter net income of $9.93 million or $0.18 per share, down from $16.97 million or $0.30 per share last year.

Analysts poled by Thomson Reuters expected the company to earn $0.24 per share for the first quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter increased 1 percent to $207.39 million from $205.22 million in the second quarter last year. Analysts estimated revenues of $210.77 million for the quarter.

Moving ahead, the company maintained its full-year 2013 earnings outlook of $1.30 to $1.45 per share. This outlook assumes high-teens growth in total net sales for the remainder of the year, with a net increase in store count from 410 at year-end 2012 to between 435 and 445 by year-end 2013. Analysts currently estimate earnings of $1.37 per share.