After the market close, the maker of Sleep Number beds reported earnings of 56 cents per diluted share on revenue of $368 million.
Analysts surveyed by Thomson Reuters were looking for earnings of 57 cents per share on $392 million in revenue for the period.
Same-store sales fell 8% during the quarter. Analysts polled by FactSet were anticipating a drop of 1.2%.
For 2016 Select Comfort sees per-share earnings between $1.15 and $1.25. Analysts are modeling earnings of $1.23 a share.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Select Comfort's strengths such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures are countered by weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and weak operating cash flow.
You can view the full analysis from the report here: SCSS
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.