Mattress Firm Inc. is an American retailing company and mattress store chain founded in 1986. The headquarters of the company is located in Houston, Texas.
On March 21, 2016, post-market, Mattress Firm released its fourth quarter earnings of $0.53 per share, which was lower than analyst expectations of $0.56 per share. The Company also released its full year guidance of $2.50 to $2.60 per share, which was lower than its $2.72 per share forecast. Simultaneously, Mattress Firm stated that Ken Murphy, Company President would immediately replace Steve Stagner as Chief Executive Officer. Following this news Mattress Firm stock has dropped as much as $3.04, or over 7%, to $39.65 per share. On June 9, 2016, Mattress Firm cut its full year guidance and announced it would suffer a loss of $138.7 million in the first quarter from a previously-undisclosed decision to rebrand all of its stores under the Mattress Firm name. Following this news Mattress Firm stock dropped $4.18 per share or over 12% to close at $29.40 per share on June 10, 2016.
If you are aware of any facts relating to this investigation, or purchased shares of Mattress Firm, you can assist this investigation by visiting the firm's website: http://www.bgandg.com/#!mfrm/obz90. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | email@example.com
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