Mattress Firm (MFRM – NASDAQ) owns some 1,000 stores across the U.S. selling their own branded lines of bed and bedding. Management just announced they missed earnings estimates by -3.23% and revenue by -1.26%.
On the other hand, revenues rose 36.9% year-over-year to $258.2 million which sure beats losses. What’s more, MFRM plans to open another 90 to 95 stores in the coming fiscal year, and forward projections are in line with or slightly ahead of estimates.