April 21, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Mattress Firm Holding Corp (NASDAQ:MFRM) shares over potential securities laws violations by Mattress Firm Holding and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Mattress Firm Holding Corp (NASDAQ:MFRM) concerning whether a series of 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.