Select Comfort (Nasdaq: SCSS) reported earnings on April 17. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 30 (Q1), Select Comfort missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share shrank. GAAP earnings per share increased.

Gross margins grew, operating margins contracted, net margins expanded.

Revenue details
Select Comfort tallied revenue of $258.2 million. The eight analysts polled by S&P Capital IQ wanted to see revenue of $282.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $0.41. The nine earnings estimates compiled by S&P Capital IQ predicted $0.43 per share. Non-GAAP EPS of $0.41 for Q1 were 8.9% lower than the prior-year quarter's $0.45 per share. GAAP EPS of $0.42 for Q1 were 7.7% higher than the prior-year quarter's $0.39 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 63.3%, 70 basis points better than the prior-year quarter. Operating margin was 13.5%, 170 basis points worse than the prior-year quarter. Net margin was 9.1%, 60 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $224.0 million. On the bottom line, the average EPS estimate is $0.29.

Next year's average estimate for revenue is $1.03 billion. The average EPS estimate is $1.48.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,505 members out of 2,833 rating the stock outperform, and 328 members rating it underperform. Among 771 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 689 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 outperform, with an average price target of $24.60.

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