Total sales and marketing expenses were 43.0 percent of net sales this quarter, a productivity improvement versus 43.4 percent of net sales in the first quarter last year.
Cash flows from operating activities totaled $9.1 million in the first quarter. At the end of the quarter, cash and investments totaled $104.5 million, a decrease of $7.6 million compared to the balance at December 31, 2005.
Management will host its regularly scheduled conference call to discuss the company's results and 2006 outlook at 5:00 p.m. Eastern Time (4:00 p.m. Central; 2:00 p.m. Pacific) on Tuesday, April 25, 2006. To listen to the webcast, please access the investor relations area of the company's website at: www.selectcomfort.com.
A replay will remain available through May 8, 2006, by dialing 402-220-3848, passcode: 735328. The webcast replay will remain available in the investor relations area of the company's website for approximately 60 days.
Founded in 1987, Select Comfort Corporation is the nation's leading bed retailer, holding 32 U.S. issued or pending patents for its personalized sleep products. The company designs, manufactures and markets a line of adjustable-firmness mattresses featuring air-chamber technology, branded the Sleep Number bed, as well as foundations and sleep accessories.
Select Comfort Corporation
marketing@alchempro.com
