Minneapolis/St. Paul Business Journal
Select Comfort Corp. shares were down nearly 5 percent on Thursday, a day after the company said that a one-time consulting charge could cut into its second-quarter earnings.

In a conference call Wednesday, Chief Financial Officer Jim Raabe said the

Plymouth-based bed manufacturer expects to record $1 million in consulting expenses related to the development of the company’s long-term strategic plan.

Those costs will have a “moderating effect” on second-quarter profit margins, Raabe said.

Select Comfort is calling for revenue growth of 15 percent to 20 percent for the quarter, less than some analysts had projected. The company said same-store sales should rise 7 percent to 12 percent.

Earnings are expected to rise 20 percent to 25 percent in the second quarter.

Select Comfort (Nasdaq: SCSS) shares were down $1.03, or 4.6 percent, to $21.24 Thursday afternoon.