An investigation for investors in Mattress Firm Holding Corp (NASDAQ:MFRM) shares over potential securities laws violations by Mattress Firm Holding was announced and NASDAQ:MFRM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/20/2016 -- Mattress Firm Holding Corp is under investigation over potential securities laws violations. The investigation was announced for investors in NASDAQ:MFRM shares in connection certain financial statements made by Mattress Firm Holding Corp.
Investors who purchased shares of Mattress Firm Holding Corp (NASDAQ:MFRM), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by Mattress Firm Holding regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Mattress Firm Holding Corp reported that its Total Revenue rose from over $1.21 billion for the 52 weeks period that ended on January 28, 2014 to over $1.8 billion for the 53 weeks period that ended on February 3, 2015 while its Net Income for those respective time periods declined from $52.92 million to $44.25 million.
On March 21, 2016, post-market, Mattress Firm Holding Corp released its fourth quarter earnings of $0.53 per share, which was lower than analyst expectations of $0.56 per share. Mattress Firm Holding Corp 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 Holding Corp stated that Ken Murphy, Company President would immediately replace Steve Stagner as Chief Executive Officer.
On June 9, 2016, Mattress Firm Holding Corp announced its first quarter financial results and provided its guidance for its second quarter and updated its full year 2016 guidance.
Shares of Mattress Firm Holding Corp (NASDAQ:MFRM) declined to as low as $27.18 per share on June 10, 2016.
On June 16, 2016, NASDAQ:MFRM shares closed at $32.51 per share.
Those who purchased shares of Mattress Firm Holding Corp have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com