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Select Comfort (SCSS) posted strong first-quarter profit and sales gains that were well above analyst expectations.

The mattress store chain, which operates 382 stores that sell adjustable firmness beds and bedroom accessories, reported after Wednesday's market close that earnings per share jumped 50% vs. the same quarter a year earlier, to 45 cents a share. Analysts expected 40 cents.

Sales climbed 36% to $262.4 million, easily topping estimates of $233.7 million.

The company guided 2012 EPS to $1.38-$1.46, a 19%-36% increase vs. the prior year. The midpoint tops consensus of nine analysts polled by Thomson Reuters by 4 cents.


http://news.investors.com/article/608233/201204181728/select...
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