Mattress Firm raises estimates
Furniture Today Staff -- Furniture Today, January 16, 2012
HOUSTON - Bedding retailer Mattress Firm last week raised its sales and comparable-store sales estimates for the fiscal year that ends Jan. 31.
The company said it now expects sales for the year to total $690 million to $695 million - up from earlier projections of $685 million to $690 million. Comp-store sales are projected to show an increase of 18% to 19%, up from the previous forecast of 16% to 17%.
Steve Stagner, CEO, said the improved projections reflect a stronger-than-anticipated fourth quarter.
"During the holiday season, the strength and appeal of our brand, customer loyalty, and the benefits we are deriving from selling the leading brands in the bedding industry continue to push our comparable- store sales growth," Stagner said. "We remain focused on executing our growth strategies, which include selectively expanding our store base in underpenetrated markets and providing our customers with great brands to drive our sales growth."
Including franchisees, Mattress Firm has more than 800 stores in 25 states.
-
Mattress Firm raises fiscal year sales forecast
Jan 11, 2012
Merinos Home Furnishings opening display room, Boyles addition
‘Mega vessels' likely to boost capacity, stabilize freight rates
HOM Furniture adds flooring to six Twin Cities stores
Dan Masters joins Furniture Brands as VP, business development
21 companies from Turkey, Taiwan and China to exhibit at Showtime
Featured Company
-
Wright Labels
Bill and Tom Wright founded Wright of Thomasville in 1961 on the idea that printing was a creative medium and the belief that "a promise made is a promise kept." The Wright brothers focused their attention on providing exceptional printing for the... more
VIEW ALL GALLERIES
