8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 6, 2006

SELECT COMFORT CORPORATION

(Exact name of registrant as specified in its charter)

Minnesota

(State or other jurisdiction of incorporation or organization)

0-25121	41-1597886
(Commission File No.)	(IRS Employer Identification No.)

6105 Trenton Lane North, Minneapolis, Minnesota 55442

(Address of principal executive offices)(Zip Code)

(763) 551-7000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01. REGULATION FD DISCLOSURE.

On June 6, 2006, Select Comfort Corporation presented at the 26^th Annual Piper Jaffray Consumer Conference held in New York. The information presented at this conference is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The presentation will be posted in the Investor Relations section of www.selectcomfort.com.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(c)Exhibits.

Exhibit 99.1 Piper Jaffray Consumer Conference Presentation, dated June 6, 2006.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SELECT COMFORT CORPORATION
	(Registrant)
Dated: June 6, 2006	By:  Mark A. Kimball
	Title:Senior Vice President

INDEX TO EXHIBITS

The exhibit listed in this index is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended, or incorporated by reference into any document filed under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, except as otherwise expressly stated in any such filing.

Exhibit No.   Description of Exhibit

99.1Piper Jaffray Consumer Conference Presentation, dated June 6, 2006.

EX-99.1

Select Comfort Corporation

Minneapolis, MN

Statements used in this presentation that relate to future plans, events, financial results or performance areforward-looking statements that are subject to certain risks and uncertainties including, among others, such
factors as general and industry economic trends; uncertainties arising from global events; the impact on
consumer confidence and consumer shopping patterns from factors such as consumer debt levels and
rising interest rates and energy prices; effectiveness of our advertising and promotional efforts; our ability
to secure suitable retail locations; our ability to attract and retain qualified sales professionals and other key
employees; our ability to successfully expand distribution through independent retailers; consumer
acceptance of our products, product quality, innovation and brand image; our ability to continue to expand
and improve our product line; industry competition; warranty expenses; risks of potential litigation; our
dependence on significant suppliers, and the vulnerability of any suppliers to commodity shortages,
inflationary pressures, labor negotiations, liquidity concerns or other factors; uncertainties related to the
supply of foam used to manufacture our products; rising commodity costs; and increasing government
regulations, including new flammability standards for the bedding industry. Additional information
concerning these and other risks and uncertainties is contained in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K, and other periodic reports filed with the
SEC. The company has no obligation to publicly update or revise any of the forward-looking statements
that may be in this presentation.

Forward Looking Statements

“Strength Behind the Numbers”

Bill McLaughlin

Chairman & CEO

Consumer Trend

Nutrition

+Exercise

+Sleep

Wellness

Mattress Unit Shipments (in millions)

1985

2005

0

25

Cumulative Average Growth Rates

                                                                                      Units          Revenues

=Health &

5-Year1.6%6.8%

  

10-Year2.6%7.2%

20-Year2.7%6.8%

Source: International Sleep Products Association (ISPA)

Positive Industry Dynamics

Select Comfort Profile

Industry disruptor

§

Product & brand

§

#1 U.S. bed retailer

Advantaged business model

§

Differentiated product

§

Few plants (2)

§

> 90% company controlled

§

Nationwide delivery

Self-funded growth

Focus, mission & culture

Unique, Proven Product…Differentiated

Personalized comfort

and support

Benefits proven and

appreciated

Durable and

competitive value

and

Traditional Business Model

Advantaged Business Model

Direct-to-consumer

Just-in-time

manufacturing

Low inventory system

Cash efficient

Focused

ISPA CAGR 6.8%

Revenue Growth (in %)

Source: International Sleep Products Association (ISPA)

and company data

2000

1Q06

(10)%

40%

0

20%

2005

2004

2003

2002

2001

Strong Track Record of Growth

Consistent Strategies 2001-2006

Awareness

Distribution

Innovation

Leverage

Expand

People

&

Systems

Board of Directors

Management

Management Expertise

$0

10%

14%

As %Revenue

$120

2006E

2001

Media Spending

Strong Culture

Mission-driven

organization

Passion for the

customer

Continuous

improvement

Video in Progress

“Strength in Numbers”

Jim Raabe

Chief Financial Officer

0

$1.2 B

Net Sales

0.9

0.6

0.3

$1.0B

12%

2001

-0.3

Leadership Goal

< 10%

11 ~ 20%

> 20%

40

9

1

National Market Share

Lead Market Share

2001

$1.2 B

Net Sales

$1.0B

12%

0

0.9

0.6

0.3

-0.3

Leadership Goal

-0.3

2001A

2007E

$1.2 B

Net Sales

2005A

$1.0B

12%

Operating Margin %

0

0.9

0.6

0.3

-5%

20%

0

15%

10%

5%

< 10%

11 ~ 20%

> 20%

40

9

1

National Market Share

Lead Market Share

Leadership Goal

Capital Expenditures (in $millions)

Cash and Debt (in $millions)

Shares (in millions)

Operating Free Cash Flow (in $millions)

O/S

Buy-back

Cash

Debt

Self-Funding Growth and

    Strengthening Balance Sheet

Sources of Growth

Long-Term Guidance

Revenue + 15 ~ 20%

Earnings + 20 ~ 25%

2006 Guidance

Revenue at high-end

of L-T target

Post-split earnings

  of $0.91 ~ $0.95

Same

Store

New

Stores

Retail

Partners

New

Channels/
Geography

Growth Outlook

Select Comfort Corporation

Minneapolis, MN