Tempur Sealy (TPX) Tops Q1 EPS by 1c; reiterates outlook

Tempur Sealy (NYSE: TPX) reported Q1 EPS of $0.50, $0.01 better than the analyst estimate of $0.49. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.21 billion.

GUIDANCE:

Tempur Sealy sees FY2024 EPS of $2.60-$2.90, versus the consensus of $2.75.

For the full year 2024, the Company reaffirmed its expectations for an adjusted EPS(1) range of $2.60 to $2.90. This contemplates the Company\'s current sales outlook for low to mid-single digit year-over-year growth. At the midpoint, this adjusted EPS(1) guidance represents a 15 percent increase from the prior year.

For earnings history and earnings-related data on Tempur Sealy (TPX) click here.

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