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TEMPUR SEALY INTERNATIONAL, INC. - TPX STOCK NEWS

Welcome to our dedicated page for TEMPUR SEALY INTERNATIONAL news (Ticker: TPX), a resource for investors and traders seeking the latest updates and insights on TEMPUR SEALY INTERNATIONAL stock.

Tempur Sealy International, Inc. (NYSE: TPX) is the world's largest bedding provider, known for its innovative and high-quality sleep solutions. The company's distinguished brands include Tempur®, Tempur-Pedic®, Sealy®, Sealy Posturepedic®, Optimum™, and Stearns & Foster®. Operating globally through its North American and international segments, Tempur Sealy develops and distributes bedding products via retail channels such as furniture and bedding retailers, department stores, and warehouse clubs, as well as through e-commerce platforms, company-owned stores, and third-party distributors.

Tempur Sealy is committed to creating the most desired products at every price point, ensuring strong consumer loyalty and recognition as innovators. The company continuously works on expanding its portfolio and improving its supply chain to support retail partners and enhance consumer experiences. Recently, Tempur Sealy announced robust third-quarter financial results for 2023, with noticeable growth in international sales and significant gross margin expansion despite the challenging U.S. bedding market.

The company is also making strides in its planned acquisition of Mattress Firm, with expected completion in mid to late 2024. This acquisition is anticipated to complement Tempur Sealy's product development capabilities with Mattress Firm's retail network. Meanwhile, Tempur Sealy has signed post-closing supply agreements with numerous companies to ensure a diverse range of products for Mattress Firm customers.

Additionally, Tempur Sealy demonstrated strong earnings in the fourth quarter of 2023, attributed to consumer-centric innovation and operational efficiencies. The company introduced new products such as the TEMPUR-ActiveBreeze® smart bed, designed to offer personalized climate control, and the reimagined TEMPUR-Adapt® mattress collection featuring the latest TEMPUR-Material technology.

Tempur Sealy is also dedicated to its environmental and social responsibilities, with a goal to achieve carbon neutrality by 2040. The company's long-term strategies and consistent performance highlight its commitment to improving sleep quality worldwide while generating value for shareholders and stakeholders alike.

News

New TEMPUR-ActiveBreeze® Smart Bed Delivers A Sleep Temperature Range Of Up To 30 Degrees* For Your Coolest Sleep Yet

Rhea-AI Summary
Tempur Sealy International, Inc. introduces the TEMPUR-ActiveBreeze smart bed, featuring personalized climate control and TEMPUR pressure relief with individually-controlled ActiveAir Technology. Priced at $9,998, the bed is designed to address the needs of hot sleepers and comes with innovative features such as dual-zone climate control, ProSmart Air base, and TEMPUR-Material layers. The company aims to accelerate premium sales for retail partners and position Tempur-Pedic as a leader in premium bedding.
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Tempur-Pedic® Introduces All New TEMPUR-Adapt® Collection With Body-Conforming Pressure Relief For Aches And Pains

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Tempur Sealy International, Inc. announces the launch of the all-new TEMPUR-Adapt mattress collection, featuring Adapt, ProAdapt, and LuxeAdapt models starting at $2,199 queen. The collection combines the latest advancements in TEMPUR-Material with proprietary material and ergonomic innovations, delivering exceptional pressure relief and motion cancellation. The premium model Advanced Relief material offers up to 20% more pressure relief. The collection also includes hybrid models and cool-to-the-touch covers for a comfortable sleep experience.
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Tempur Sealy International to Report Fourth Quarter Financial Results and Provide Update on the Status of the Proposed Mattress Firm Acquisition

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Tempur Sealy International, Inc. (TPX) is set to release its financial results for the fourth quarter of 2023 and provide an update on the proposed acquisition of Mattress Firm. The company will hold a conference call at 8:00 a.m. Eastern Time, which will be webcast and accessible on the investor relations website. The webcast replay will be available for 30 days after the call.
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Tempur Sealy International Issues 2024 Corporate Social Values Report

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Tempur Sealy International, NYSE: TPX, issued its 2024 Corporate Social Values Report, emphasizing its commitment to environmental sustainability, community improvement, and shareholder value. The report highlights achievements in achieving zero waste to landfill status, progress towards carbon neutrality, industry-leading product innovations, charitable contributions, and increased transparency and disclosures around employee health & safety and engagement.
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Tempur Sealy International Certifies Substantial Compliance with the Federal Trade Commission's Second Request

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Tempur Sealy International, Inc. (NYSE: TPX) - Mattress Firm Transaction Expected to Close in Mid to Late 2024. Tempur Sealy has certified substantial compliance with the FTC's second request for documents and information regarding the proposed acquisition of Mattress Firm, the nation's largest mattress specialty retailer. This certification marks a significant step towards finalizing the acquisition announced on May 9, 2023.
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Tempur-Pedic Ranked #1 in Customer Satisfaction Among Mattresses Purchased Online in the J.D. Power 2023 Study

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Tempur Sealy International, Inc. announced that its Tempur-Pedic brand has been awarded #1 in Customer Satisfaction for the Online Purchase segment in the J.D. Power 2023 U.S. Mattress Satisfaction Study. This is the third consecutive year that Tempur-Pedic has achieved this distinction. The brand has also been recognized by J.D. Power for six of the previous seven years among mattresses purchased online and in-store. Tempur-Pedic scored highest in 5 factors in the Online Purchase category, which include support, durability, comfort, price, and warranty.
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Tempur Sealy Announces Fourth Quarter Cash Dividend

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Tempur Sealy International, Inc. (NYSE: TPX) has declared a fourth quarter cash dividend of $0.11 per share. The dividend will be payable on December 4, 2023, to shareholders of record as of November 16, 2023.
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Tempur Sealy Reports Third Quarter Results

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Tempur Sealy International, Inc. announced its financial results for the third quarter of 2023. Despite a challenging macroeconomic environment, the company's consolidated net sales remained consistent with the prior year. Gross margins improved by 2.7% to 44.9%. The company generated robust cash flow from operations of $230 million. A fourth quarter dividend of $0.11 per share was declared.
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Tempur Sealy International to Report Third Quarter Financial Results and Provide Update on the Status of the Proposed Mattress Firm Acquisition

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Tempur Sealy International to release Q3 financial results and provide update on proposed acquisition of Mattress Firm
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Tempur Sealy Announces Refinancing of Credit Facilities

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Tempur Sealy completes $1.65 billion refinancing of credit facilities
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FAQ

What is the current stock price of TEMPUR SEALY INTERNATIONAL (TPX)?

The current stock price of TEMPUR SEALY INTERNATIONAL (TPX) is $54.14 as of November 15, 2024.

What is the market cap of TEMPUR SEALY INTERNATIONAL (TPX)?

The market cap of TEMPUR SEALY INTERNATIONAL (TPX) is approximately 9.5B.

What brands does Tempur Sealy International, Inc. own?

Tempur Sealy owns several highly recognized brands, including Tempur®, Tempur-Pedic®, Sealy®, Sealy Posturepedic®, Optimum™, and Stearns & Foster®.

What are Tempur Sealy's primary distribution channels?

Tempur Sealy distributes its products through retail channels like furniture and bedding retailers, department stores, and warehouse clubs, as well as through e-commerce platforms, company-owned stores, and third-party distributors.

What recent product innovations has Tempur Sealy introduced?

Tempur Sealy recently launched the TEMPUR-ActiveBreeze® smart bed, which offers personalized climate control, and the revamped TEMPUR-Adapt® mattress collection featuring advanced TEMPUR-Material technology.

How is Tempur Sealy addressing environmental and social responsibilities?

Tempur Sealy has committed to achieving carbon neutrality by 2040 and continues to invest in socially responsible and sustainable practices to protect the environment and improve community well-being.

What are the financial highlights of Tempur Sealy for recent quarters?

Tempur Sealy reported robust third-quarter operating cash flows and expanding gross margins in 2023. The company also noted significant international sales growth and strategic supply agreements despite a challenging U.S. market.

What is the status of Tempur Sealy's acquisition of Mattress Firm?

Tempur Sealy expects to complete its acquisition of Mattress Firm by mid to late 2024. The acquisition aims to combine Tempur Sealy's product development with Mattress Firm's retail network, enhancing customer offerings.

How does Tempur Sealy support its retail partners?

Tempur Sealy develops a balanced portfolio across brands, products, and prices and delivers consumer advertising to drive sales. The company also focuses on creating a world-class supply chain that is easy to do business with.

What financial guidance has Tempur Sealy provided for 2024?

For the full year 2024, Tempur Sealy has reaffirmed its expectations for adjusted EPS ranging from $2.60 to $2.90, anticipating low to mid-single-digit year-over-year sales growth.

What are Tempur Sealy’s recent achievements in product development?

Tempur Sealy has introduced innovative products such as the TEMPUR-ActiveBreeze® smart bed and the new TEMPUR-Adapt® mattress collection, which feature advanced climate control and adaptive support technologies.

How has Tempur Sealy performed in the international market?

Tempur Sealy has seen double-digit growth in international sales, with a 12.3% increase in the third quarter of 2023, driven by new product introductions and a strong global supply chain.

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TEMPUR SEALY INTERNATIONAL, INC.

NYSE:TPX

TPX Rankings

#880 Ranked by Market Cap
#1832 Ranked by Dividends

TPX Stock Data

9.47B
173.65M
2.95%
104.04%
4.31%
Furnishings, Fixtures & Appliances
Household Furniture
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United States of America
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