Tempur Sealy Reports Second Quarter 2018 Results
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Tempur Sealy (TPX) Misses Q2 EPS by 11c, Revenues Miss
July 26, 2018 7:02 AM EDTTempur Sealy (NYSE: TPX) reported Q2 EPS of $0.52, $0.11 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $669.7 million versus the consensus estimate of $692.74 million.
Total net sales increased 1.6% to $669.7 million from $659.3 million in the second quarter of 2017. On a constant currency basis(1), total net sales increased 1.2%, with an increase of 0.1% in the North America business segment and an increase of 5.4% in the International business segment.Gross margin under U.S. generally accepted accounting principles (\"GAAP\") was 41.2% as compared to 40.7% in the second quarter of 2017.GAAP operating... More