Tempur Sealy Announces New Long-Term Capital Allocation Strategy
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Tempur Sealy (TPX) Tops Q3 EPS by 75c, Revenues Beat
October 29, 2020 6:39 AM EDTTempur Sealy (NYSE: TPX) reported Q3 EPS of $2.94, $0.75 better than the analyst estimate of $2.19. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.07 billion.
THIRD QUARTER 2020 FINANCIAL SUMMARY
Total net sales increased 37.9% to $1,132.3 million as compared to $821.0 million in the third quarter of 2019. On a constant currency basis(1), total net sales increased 37.7%, with an increase of 43.3% in the North America business segment and an increase of 10.1% in the International business segment.Gross margin was 46.8% as compared to 43.9% in the third quarter of 2019.... More