Tag Archives: Select Comfort

Select Comfort Q2 Net Falls 14.6 Percent

Select Comfort

MINNEAPOLIS-Rising expenses trumped a significant sales gain to send Select Comfort’s second-quarter net income down 14.6 percent, to $8.5 million. Sales, marketing, general and administrative expenses jumped 12.5 percent in dollars in the quarter, which ended on June 28, although they did drop 33 basis points as a percentage of sales. Gross margin fell 270More »

New CFO, HR Head for Select Comfort

Select Comfort

MINNEAPOLIS-Select Comfort has named David Callen senior vice president and chief financial officer, and has appointed Patricia Dirks senior vice president and chief human capital officer. In his new role, Callen is in charge of leading the company’s finance team and advancing the company’s financial growth plan. Dirks is responsible for all human resource functionsMore »

Select Comfort Q4 Net Falls 48.6 Percent

Select Comfort

MINNEAPOLIS-A weak mattress industry environment led to a fourth-quarter downturn of 48.6 percent for Select Comfort’s net income, which totaled $6.4 million for the period. For the fiscal year ending on Dec. 28, net income was $60.1 million, down 23.1 percent from the prior fiscal year. Net sales in the quarter rose 4.7 percent toMore »

Select Comfort Sales Rise 5 Percent in Q4

Select Comfort

MINNEAPOLIS-In a preliminary report on its fiscal fourth quarter, Select Comfort said total net sales in the quarter rose 5 percent to $231 million. The company’s sales included a flat sales performance from its company-controlled stores. Through November, Select Comfort was experiencing solid results in both sales and expense controls. From Cyber Monday through theMore »

Select Comfort Net Falls 22.7 Percent in Q3

Select Comfort

MINNEAPOLIS-Reduced margins and a spike in expenses combined to slash Select Comfort’s third-quarter net income by 22.7 percent, to $20.3 million. The manufacturer/retailer’s gross margin took a hit to the tune of 200 basis points, finishing the quarter at 63.1 percent. Selling, general and administrative expenses rose 16.3 percent in dollars and 370 basis pointsMore »