Tempur Sealy (TPX) Tops Q2 EPS by 68c
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Tempur Sealy Reports Second Quarter 2020 Results
July 30, 2020 6:40 AM EDTLEXINGTON, Ky., July 30, 2020 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) announced financial results for the second quarter ended June 30, 2020.
SECONDÂ QUARTER 2020 FINANCIAL SUMMARY
Total net sales decreased 8.0% to $665.2 million as compared to $722.8 million in the second quarter of 2019. On a constant currency basis(1), total net sales decreased 7.3%, with a decrease of 2.9% in the North America business segment and a decrease of 26.9% in the International business segment. Gross margin was 40.0% as compared to 43.4% in the second quarter of 2019. Adjusted gross margin(1)... More