Tempur Sealy (TPX) Tops Q1 EPS by 6c; Reaffirms
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Tempur Sealy Reports First Quarter 2016 Results
April 28, 2016 7:01 AM EDTLEXINGTON, Ky., April 28, 2016 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) today announced financial results for the first quarter ended March 31, 2016. The Company also reaffirmed financial guidance for the full year 2016.
FIRSTÂ QUARTER 2016 FINANCIAL SUMMARY
Total net sales decreased 2.5% to $721.0 million from $739.5 million in the first quarter of 2015. On a constant currency basis(1), total net sales were flat, with a decrease of 1.6% in the North America business segment and an increase of 5.9% in the International business segment. Gross margin under U.S. generally accepted accounting principles ("GAAP")... More