The Latest Breaking News from TPX

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…

The mattress industry has been very firm over the past two years, driven by increased consumer spending and growing mattress demand in the residential, healthcare, and hospitality sectors. Thus, we think fundamentally strong mattress stocks Tempur Sealy (TPX) and Sleep Number (SNBR) could be ideal investment bets now. Conversely, supply…