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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.
Tempur Sealy International (NYSE: TPX) is set to release its Q1 2023 financial results on May 9, 2023, prior to the NYSE opening. A conference call discussing these results will take place at 8:00 a.m. ET on the same day, accessible via the company’s investor relations website. Tempur Sealy, a leader in bedding products, operates globally with renowned brands including Tempur-Pedic, Sealy, and Stearns & Foster. The company's commitment to improving sleep quality extends to sustainable practices, targeting carbon neutrality for its operations by 2040.
Tempur Sealy International (NYSE: TPX) announced a 10% increase in its quarterly dividend to
Tempur Sealy International, Inc. (TPX) reported fourth quarter 2022 net sales of $1.2 billion, a 12.7% decline compared to the previous year, with net income down 42.2% to $101.7 million. The company also announced a 10% increase in quarterly dividends to $0.11 per share. Gross margin fell to 41.2%, and EPS decreased to $0.57, down 35.2%. For 2023, TPX anticipates adjusted EPS between $2.60 and $2.80, indicating a focus on sales growth despite a subdued demand environment.
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