After the bell, shares added 8% to $48.
The Houston-based company reported net sales 20.8% higher year over year in the three months to Jan. 28. Revenue of $312.1 million was in line with consensus, according to analysts surveyed by Thomson Reuters, while comparable-store sales jumped 6.5%.
Adjusted net income of 30 cents a share was a penny higher than analysts had forecast.
"Given this solid performance in a challenging environment, we are confident in our ability to effectively navigate the ever-changing consumer landscape while delivering value to our customers and shareholders," said CEO Steve Stagner in a report.
"As we move ahead, we remain committed to our strategy of driving sales, which led to 6.5% comparable-store sales growth during the fourth fiscal quarter."
For the current year ending Feb. 3, 2015, management upwardly revised its revenue guidance to between $1.46 billion and $1.52 billion, from prior guidance of $1.38 billion to $1.43 billion. Analysts had predicted $1.41 billion in sales.
Fiscal 2015 earnings guidance of $1.88 to $2 a share is in line with estimates for $1.90 a share.
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TheStreet Ratings team rates MATTRESS FIRM HOLDING CORP as a Hold with a ratings score of C. The team has this to say about their recommendation: