GPM Announces Investigation on Behalf of Mattress Firm Holding Corp. Investors

Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Mattress Firm Holding Corp. (“Mattress Firm” or the “Company”) (NASDAQ: MFRM) investors. Investors who have suffered losses on their investment in Mattress Firm securities are encouraged to contact GPM to discuss their legal rights.

The investigation concerns whether or not the Company and its executives made materially false and misleading statements regarding the Mattress Firm’s recent impairment charge and a shift in the Company’s branding and strategy. On March 21, 2016, Mattress Firm reported fourth quarter earnings of $0.53 per share, which was lower than analyst expectations of $0.56 per share and released full year guidance of $2.50 to $2.60 per share, which was lower than the $2.72 per share forecast. Concurrently, Mattress Firm announced that President Ken Murphy would replace CEO Steve Stagner, effective immediately. On this news, shares of Mattress Firm fell $3.04 per share or over 7% to close at $39.65 per share.

On June 9, 2016, Mattress Firm reduced its full year guidance and announced it would incur an impairment charge of $138.7 million in the first quarter stemming from a previously-undisclosed decision to rebrand all of its stores under the Mattress Firm name. On this news, shares of Mattress Firm fell $4.18 per share or over 12% to close at $29.40 per share on June 10, 2016.

If you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [e-mail], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160610005926/en/

Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy, 310-201-9150 or [e-mail]