Tempur Sealy (TPX) Tops Q3 EPS by 11c
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Tempur Sealy Reports Record Third Quarter 2016 Results
October 27, 2016 7:16 AM EDTLEXINGTON, Ky., Oct. 27, 2016 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) today announced financial results for the third quarter ended September 30, 2016. The Company also confirmed financial guidance for the full year 2016.
THIRDÂ QUARTER 2016 FINANCIAL SUMMARY
Total net sales decreased 5.4% to $832.4 million from $880.0 million in the third quarter of 2015. On a constant currency basis(1), total net sales decreased 4.6%, with a decrease of 5.8% in the North America business segment and an increase of 1.8% in the International business segment. Gross margin under U.S. generally accepted accounting... More