Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Select Comfort
So what: In the third quarter, Select Comfort reported net income of $10.5 million or $0.19 per share on revenue of $160.1 million. Revenue beat Wall Street's estimate of $155.8 million despite closing stores during the quarter.
Now what: Select Comfort not only beat estimates on the top and bottom line, same-store sales were up 16% and the company increased full-year guidance. Select Comfort is on a roll, and I'm buying a strong future as the company improves stores and the overall economy recovers. This is one stock I could sleep well at night owning.
Interested in more info on Select Comfort? Add it to your watchlist by clicking here.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
Try any of our Foolish newsletter services free for 30 days. True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Motley Fool has a disclosure policy.
More from The Motley Fool
Can Select Comfort Stock Keep Going After Last Week's 11% Pop?
The maker of Sleep Number beds moves sharply higher despite falling short of revenue and profit expectations.
Select Comfort Lets the Bed Bugs Bite
The maker of Sleep Number beds posts poorly received quarterly results. The Sleep Number 360 isn't revolutionary enough to trigger double-digit sales growth.
Select Comfort Stock Bounces Back Quickly
The maker of Sleep Number beds recovers after posting initially poorly received quarterly results.