Select Comfort Corp. posted net income of $10.8 million for the fourth quarter, a 32% drop from net income of $15.8 million in the prior-year period.
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Select Comfort Corp. posted net income of $10.8 million for the fourth quarter, a 32% drop from net income of $15.8 million in the prior-year period.
The direct marketer and retailer reported net sales of $198 million for the quarter ended Dec. 30, a 6% increase over net sales of $187.5 million last year.
The Minneapolis company attributed these results to a $4.2 million asset impairment charge associated with its purchase of an enterprise resource planning system.
