Select Comfort (Nasdaq: SCSS) reported earnings Wednesday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Select Comfort beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share improved significantly.

Margins increased across the board.

Revenue details
Select Comfort logged revenue of $205.2 million. The eight analysts polled by S&P Capital IQ predicted a top line of $196.0 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $161.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.30. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.27 per share. GAAP EPS of $0.30 for Q2 were 50% higher than the prior-year quarter's $0.20 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 64.1%, 60 basis points better than the prior-year quarter. Operating margin was 12.6%, 170 basis points better than the prior-year quarter. Net margin was 8.3%, 130 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $240.1 million. On the bottom line, the average EPS estimate is $0.40.

Next year's average estimate for revenue is $929.4 million. The average EPS estimate is $1.44.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 2,507 members rating the stock outperform and 339 members rating it underperform. Among 854 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 772 give Select Comfort a green thumbs-up, and 82 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Select Comfort is buy, with an average price target of $38.63.

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