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

The 10-second takeaway
For the quarter ended June 29 (Q2), Select Comfort missed slightly on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew slightly. GAAP earnings per share contracted significantly.

Margins dropped across the board.

Revenue details
Select Comfort logged revenue of $207.4 million. The eight analysts polled by S&P Capital IQ expected revenue of $210.7 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 $0.18. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.24 per share. GAAP EPS of $0.18 for Q2 were 40% lower than the prior-year quarter's $0.30 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 63.4%, 70 basis points worse than the prior-year quarter. Operating margin was 7.3%, 530 basis points worse than the prior-year quarter. Net margin was 4.8%, 350 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $277.8 million. On the bottom line, the average EPS estimate is $0.45.

Next year's average estimate for revenue is $993.5 million. The average EPS estimate is $1.36.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,497 members out of 2,826 rating the stock outperform, and 329 members rating it underperform. Among 837 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 779 give Select Comfort a green thumbs-up, and 58 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 $22.83.

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