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Select Comfort -17% after tech transition goes awry

Feb. 11, 2016 5:04 PM ETSleep Number Corporation (SNBR) StockSNBRBy: Clark Schultz, SA News Editor6 Comments
  • Select Comfort (SCSS) plummets after disclosing it suffered a financial impact from the transition to an enterprise platform from legacy systems.
  • "Many of our customers endured delays and delivery reschedules as we ramped up the new system. These results are not acceptable to us," said CEO Shelly Ibach.
  • The company expects full-year EPS of $1.25 to $1.45 vs. $1.57 consensus.
  • Previously: Select Comfort EPS of -$0.42 (Feb. 11)
  • SCSS -16.53% AH to $17.10.

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