Tempur Sealy Lowers Guidance as Sales Slip on Drop in US Demand
TPXTempur Sealy(TPX) Investopedia·2024-08-06 23:46

Key TakeawaysTempur Sealy said second-quarter sales in the U.S. were hurt by macroeconomic pressures on consumers.Both adjusted EPS and sales were below estimates.The mattress maker reduced its full-year profit guidance.CEO Scott Thompson said that Tempur Sealy anticipates it will be successful in fending off a challenge from the FTC to block its $4 billion purchase of Mattress Firm. Mattress maker Tempur Sealy International (TPX) on Tuesday reported worse-than-expected results and cut its outlook as inflat ...