Mattress Firm misses by $0.04, misses on revs; reaffirms FY15 EPS & comp guidance, raises FY15 rev guidance; Q1 comps +4.3%
* Reports Q1 (Apr) earnings of $0.31 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus Estimate of $0.35; revenues rose 20.8% year/year to $333.5 mln vs the $337.58 mln consensus.
* Co issues guidance for FY15, reaffirms EPS of $1.88-2.00, excluding non-recurring items, vs. $1.95 Capital IQ Consensus Estimate; raises FY15 revs to $1.50-1.56 bln from $1.46-1.52 bln vs. $1.5 bln Capital IQ Consensus Estimate. * Co reaffirms FY15 low single digit comp growth guidance.
* Co reported comparable-Store Sales Growth of 4.3% in first fiscal quarter.
Opened 56 new stores, closed eight, and acquired 92 bringing the total number of Company-operated stores to 1,365 as of the end of the fiscal quarter.
* Adjusted operating income margin was 6.0% of net sales as compared to 8.6% in the first fiscal quarter of 2013, and included a 170 basis-point decline in gross profit margin, a 130 basis-point decrease from general and administration