Select Comfort lowers 2Q, FY outlook

NEW YORK Select Comfort Corp. lowered expectations for its second quarter and full-year revenue in a conference call on June 13. Troubles in market and advertising have kept Select Comfort from halting a sales skid blamed, in part, on a macroeconomic environment that is penalizing home retailers.

The company said second quarter sales would come in at about 5% under a year ago when they were $188.6 million. It expects full-year sales to come in between $840 million and $860 million, which would represent growth in the mid single digits.

In early May, Douglas Collier, senior vp and chief marketing officer resigned his post after less than two years on the job.