The Latest Breaking News from Tempur Sealy

The mattress giant says a forensic investigation is ongoing.

Tempur Sealy International Inc (NYSE:TPX) reported first-quarter FY22 sales growth of 18.7% year-on-year to $1.24 billion, beating the consensus of $1.20 billion. Sales in North America rose 5.4% Y/Y, and the International segment sales gained 92%. Gross margin for the quarter contracted 180 basis points to 42.2%, and the gross profit rose 13.9%…

Tempur Sealy International (NYSE:TPX) said it expects first-quarter FY22 sales growth of 15% year-over-year. The company specified that recent geopolitical events, falling consumer confidence, and new COVID variant outbreaks in international markets have resulted in sales below its expectations following a strong Presidents' Day sales period. Tempur Sealy said it has elected to postpone the…

Tempur Sealy International Inc (NYSE:TPX) reported fourth-quarter FY21 sales growth of 28.6% year-on-year, to $1.36 billion, missing the analyst consensus of $1.45 billion. Sales in North America rose 18.9% Y/Y, and the international segment sales gained 82.1%. The gross margin for the quarter contracted 140 basis points to 44.5%, and the gross profit…