Mattress Firm Holding Cuts FY13 Outlook - Quick Facts

(RTTNews) - Mattress Firm Holding Corp. (MFRM) Tuesday lowered its full-year 2013 earnings outlook to a range of $1.53 to $1.55 per share from its prior guidance range of $1.65 to $1.73 per share.

Adjusted earnings are currently projected in the order of $1.64 to $1.66 per share, down from its prior guidance range of $1.75 to $1.83 per share.

Full-year sales are now expected to be around $1.217 billion, the lower end of its previous guidance range of $1.217 billion to $1.224 billion.

Analysts, based on consensus, currently expect the company to report full-year earnings of $1.79 per share on revenues of $1.22 billion.

Additionally, the company has also forecast full-year 2014 earnings in the range of $1.72 to $1.81 per share, with adjusted earnings in the order of $1.85 to $1.95 per share. Revenues are expected to range between $1.380 billion and $1.430 billion.

Analysts currently expect the company to report 2014 earnings of $2.18 per share on revenues of $1.40 billion.