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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 (NYSE: TPX) has launched its new TEMPUR-Breeze® mattress and TEMPUR-Ergo® Smart Base collections, designed to enhance sleep quality. The TEMPUR-Breeze® features advanced cooling technologies, including Pure Cool® Plus, which keeps sleepers up to 10° cooler. Additionally, the TEMPUR-Ergo® Smart Bases incorporate ergonomic enhancements and a unique Automatic Snore Response™ technology, powered by Sleeptracker-AI®. CEO Cliff Buster stated that these innovations aim to accelerate premium sales and enhance consumer satisfaction. The company remains committed to sustainability, targeting carbon neutrality for its operations by 2040.
Tempur Sealy International (NYSE: TPX) is set to announce its fourth quarter and full year financial results for 2022 on February 9, 2023, before NYSE trading opens. A conference call will follow at 8:00 a.m. ET to discuss the results, available via webcast on the company's investor relations website.
Tempur Sealy is a global leader in bedding products, committed to enhancing sleep quality. The company operates a robust omni-channel retail strategy and aims for carbon neutrality in its operations by 2040.
Tempur Sealy International, Inc. (NYSE: TPX) released its 2023 Corporate Social Values Report, highlighting significant progress in sustainability and diversity initiatives. The company achieved 100% waste diversion from landfills in U.S. operations and aims for carbon neutrality by 2040. Additionally, the launch of the Sealy Naturals mattress collection underscores its commitment to sustainable materials. Employee diversity metrics improved, with minority representation rising from 47% to 49%, and female representation on the Board increased from 33% to 43%. For full details, visit the Tempur Sealy Investor website.
Tempur Sealy International (NYSE: TPX) announced that its Tempur-Pedic brand received the J.D. Power 2022 Mattress Satisfaction Report award for #1 in Customer Satisfaction in both the Retail and Online Mattress categories. This marks the fourth consecutive year for the Retail category and the second year for Online. Tempur-Pedic excelled in support, durability, comfort, and variety of features in the Retail category, while ranking highest in durability and comfort online. The recognition reflects ongoing innovation and commitment to quality sleep solutions.
Tempur Sealy International (NYSE: TPX) has declared a $0.10 cash dividend per share for the fourth quarter, payable on December 1, 2022, to shareholders who are on record as of November 17, 2022. This announcement reflects the company's ongoing commitment to returning value to its shareholders. Tempur Sealy continues to focus on enhancing sleep quality through its popular brands, including Tempur-Pedic, Sealy, and Stearns & Foster, alongside a commitment to achieving carbon neutrality by 2040.
Tempur Sealy International, Inc. (NYSE: TPX) reported a 5.5% decrease in consolidated sales for Q3 2022, totaling $1,283.3 million. Direct channel sales saw an 8.1% increase. Earnings per share (EPS) dropped 13.8% to $0.75, while adjusted EPS fell 11.4% to $0.78. Gross margin slightly decreased to 42.2%. The company declared a quarterly dividend of $0.10 per share. Financial guidance for FY 2022 adjusted EPS is between $2.50 and $2.60, reflecting expectations of flat sales compared to the previous year.
Tempur Sealy International (NYSE: TPX) has launched the Sealy FlexGrid™ mattress collection featuring HexGel™ technology, a new hyper-elastic polymer designed to provide pressure relief and a unique floating feel. This collection targets consumers seeking innovative comfort at affordable prices. The mattresses aim to enhance airflow for a cooler sleeping experience. Available online, Queen sizes are priced at $1,579 for the standard model and $2,149 for the hybrid. This addition reinforces Tempur Sealy's commitment to innovation and consumer satisfaction in the mattress market.
Tempur Sealy International, Inc. (NYSE: TPX) has announced the launch of an all-new generation of Stearns & Foster® mattresses. Set to debut in November 2022, these products boast upgraded luxury features and innovative comfort technology, including the IntelliCoil™ innersprings and new IntelliFlex™ hybrid system, which enhances airflow and conforms to individual sleeper shapes. With prices ranging from $1,799 to $6,499, the collections aim to satisfy high-end mattress shoppers. The new offerings reflect consumer research identifying a demand for premium innerspring bedding.
Tempur Sealy International, Inc. (NYSE: TPX) is set to announce its third-quarter financial results for the period ending September 30, 2022, before the NYSE opens on November 3, 2022. A conference call will follow at 8:00 a.m. ET, which will also be available via webcast on the company's investor relations website. Tempur Sealy is known for its innovative bedding products and aims to enhance sleep quality globally. The company has established a goal to achieve carbon neutrality in its operations by 2040.
Tempur Sealy International, a leader in bedding products, will participate in a fireside chat at the Piper Sandler Growth Frontiers Conference on September 14, 2022, at 10:00 a.m. ET. CEO Scott Thompson will present and the event will be webcast on their investor relations website. Tempur Sealy aims to enhance sleep for consumers worldwide and is committed to achieving carbon neutrality in operations by 2040.
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