(Graphic: Business Wire)

Mattress Firm Holding Corp. (NASDAQ: MFRM) today announced its financial results for the fourth fiscal quarter (13 weeks) and full fiscal year (52 weeks) ended January 29, 2013. Net sales for the fourth fiscal quarter increased 37.0% to $258.2 million, reflecting incremental sales from new and acquired stores, offset by a comparable-store sales decline of 1.6%. For the full fiscal year, net sales increased 43.1% to $1,007.3 million and comparable-store sales increased 6.1%. The Company reported fourth fiscal quarter earnings per diluted share (“EPS”) on a generally accepted accounting principles (“GAAP”) basis of $0.22, and EPS on a non-GAAP adjusted basis, excluding acquisition-related, noncash impairment and other costs (“Adjusted”), of $0.30. Diluted EPS on a GAAP basis and Adjusted basis are reconciled in the table below:
       

Fourth Fiscal Quarter Reconciliation of GAAP to Adjusted EPS

See “Reconciliation of Reported (GAAP) to Adjusted Statements of Operations Data” for Notes
 
Thirteen Weeks Fifty-Two Weeks
Ended Ended
January 29, 2013 January 29, 2013
GAAP EPS $ 0.22 $ 1.18
Acquisition-related costs (2) 0.03 0.23
Secondary offering costs (3) 0.00 0.04
Impairment and other expenses (4)(5)   0.04   0.04
Adjusted EPS * $ 0.30 $ 1.49
 

* Due to rounding to the nearest cent, totals may not equal the sum of the lines in the table above.

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