Tempur Sealy (TPX) Tops Q3 EPS by 16c, Revenues Beat

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Tempur Sealy Reports Third Quarter 2019 Results

October 31, 2019 6:47 AM EDT

LEXINGTON, Ky., Oct. 31, 2019 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) announced financial results for the third quarter ended September 30, 2019. The Company also raised its financial guidance for the full year 2019.

THIRD QUARTER 2019 FINANCIAL SUMMARY

Total net sales increased 12.5% to $821.0 million as compared to $729.5 million in the third quarter of 2018. On a constant currency basis(1), total net sales increased 13.4%, with an increase of 14.6% in the North America business segment and an increase of 8.0% in the International business segment. Gross margin was 43.9% as compared to 41.1% in... More