Mattress Firm Income Statement
Mattress Firm is one of the largest specialty mattress retailers in the United States, offering a wide variety of mattresses from top brands. As a publicly traded company, Mattress Firm is required to release its financial statements, including the income statement, to the public. Let's take a closer look at top 10 main highlights from Mattress Firm's income statement.
Income Statement for Mattress Firm
The income statement, also known as the profit and loss statement, is a financial statement that shows the company's revenues, expenses, and profits or losses over a specific period. It provides a snapshot of a company's financial performance and is an essential tool for investors and analysts to evaluate the financial health of a company.
Financial Statement for Mattress Firm
The financial statement for Mattress Firm includes the income statement, balance sheet, and cash flow statement. These statements provide a comprehensive view of the company's financial position, cash flow, and profitability. Investors and analysts use these statements to assess the company's financial strength and make informed investment decisions.
Revenue for Mattress Firm
One of the key highlights from Mattress Firm's income statement is its revenue. In 2020, the company reported total revenue of $2.4 billion, a decrease of 15.3% from the previous year. This decline in revenue was primarily due to the impact of the COVID-19 pandemic, which led to store closures and decreased consumer spending.
Profit and Loss Statement for Mattress Firm
Mattress Firm reported a net loss of $48.9 million in 2020, compared to a net loss of $111.8 million in the previous year. This improvement in the company's profit and loss statement was due to cost-saving initiatives and increased sales in the fourth quarter of 2020.
Balance Sheet for Mattress Firm
The balance sheet shows a company's assets, liabilities, and shareholders' equity at a specific point in time. As of 2020, Mattress Firm's total assets were valued at $1.4 billion, while its total liabilities were $1.2 billion. The company's shareholders' equity was $180 million, reflecting a 19.8% increase from the previous year.
Net Income for Mattress Firm
Another important metric from Mattress Firm's income statement is its net income. In 2020, the company reported a net income of $25.7 million, a significant improvement from the net loss of $111.8 million in the previous year. This increase in net income was driven by cost-saving measures and increased sales in the fourth quarter.
Expenses for Mattress Firm
Mattress Firm's expenses include the costs of goods sold, operating expenses, and interest expenses. In 2020, the company's total expenses decreased by 12.8% compared to the previous year, primarily due to cost-saving initiatives and decreased operating expenses.
Gross Profit for Mattress Firm
The gross profit for Mattress Firm in 2020 was $1.2 billion, a decrease of 14.3% from the previous year. This decline was mainly due to lower sales and the impact of the COVID-19 pandemic. However, the company's gross profit margin increased from 48.9% in 2019 to 49.6% in 2020, indicating improved profitability.
Operating Income for Mattress Firm
One of the top 10 highlights from Mattress Firm's income statement is its operating income. In 2020, the company reported an operating income of $40.2 million, compared to an operating loss of $21.2 million in the previous year. This increase in operating income was driven by cost-saving initiatives and increased sales in the fourth quarter.