Select Comfort Income Surges

Select Comfort Corp., a bedding direct marketer and retailer, posted net income of $6.9 million for the third quarter, a surge over net income of $1.million in the prior year.

The Minneapolis company reported net sales of $147.5 million for the quarter ended Oct. 3, a 6% decrease from $157.2 million last year.

The firm reported that gross profit margin was 63.4%, an increase over 62.2% in the prior-year.

Management attributed this to “efficiencies in manufacturing, partially offset by a more aggressive promotion strategy to generate store traffic and drive sales.”