Mattress Firm to Beat Market Expectations.

Mattress Firm, which is a nationwide company, serving as an all-rounder in the furnishing and mattress industry, is in the news. It has announced that it expects its earnings and sales to beat market expectations for the July quarter, and it raised its outlook for the year.

There Chief Executive Steve Stagner said that their sales performance has been consistently strong in recent months, which they believe is driven primarily by the continuation of their deliberate growth initiatives as well as the new luxury bedding models on the floors, and also added, however, that consumer traffic remains "choppy."

The company expects earnings of 58 cents to 61 cents a share and sales to climb 36% to $410 million for its second quarter ended July 29, outpacing expectations from analysts polled by Thomson Reuters, who forecast earnings of 49 cents and share a sale increase of 27%.

The company also raised its financial guidance for the year, with earnings expected to come in between $2.03 and $2.13 a share, up from $1.88 to $2 a share previously. Mattress Firm 

expects sales between $1.545 billion and $1.585 billion, up from its prior view of $1.5 billion to $1.56 billion.

Mattress Firm, which sells national mattress brands such as Sealy and Simmons as well as its own exclusive brands, has said it expects to benefit from its strong market share in what remains a highly fragmented sector. The company has expanded through acquisitions in recent years.

Only time can tell whether all this forecast, by Mattress Firm is going to get true or, there would be disappointments.