Tempur-Pedic (TPX) Raises FY11 Guidance; Boosts Buyback Plan by $80M

October 20, 2011 4:12 PM EDT
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Tempur-Pedic (NYSE: TPX) raises its buyback program by $80 million.

Raises its FY11 EPS guidance from $3.07-$3.14 to $3.12-$3.17, vs. the consensus of $3.13. Sales move from $1.37-$1.4 billion to $1.405-$1.425 billion, vs. the Street estimate of $1.39 billion.

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Guidance, Hot Guidance, Stock Buybacks

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