Tempur Sealy Reports Record First Quarter 2020 results
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Tempur Sealy (TPX) Tops Q1 EPS by 59c, Revenues Beat
April 30, 2020 6:44 AM EDTTempur Sealy (NYSE: TPX) reported Q1 EPS of $1.34, $0.59 better than the analyst estimate of $0.75. Revenue for the quarter came in at $822.4 million versus the consensus estimate of $808.04 million.
FIRST QUARTER 2020 FINANCIAL SUMMARY
Total net sales increased 19.0% to $822.4 million as compared to $690.9 million in the first quarter of 2019. On a constant currency basis(1), total net sales increased 19.8%, with an increase of 24.5% in the North America business segment and an increase of 2.0% in the International business segment.Gross margin was 43.4% as compared to 40.8% in the first quarter of... More