Tempur Sealy International, Inc. Common Stock (TPX)
63.14
-1.23 (-1.91%)
Tempur-Pedic International Inc is a leading manufacturer of premium mattresses and sleep products, renowned for its innovative use of viscoelastic foam technology
The company offers a range of high-quality bedding solutions designed to provide exceptional support and comfort for sleepers. Tempur-Pedic's products are marketed under various brand names, and they emphasize the importance of a good night's sleep for overall health and well-being. The company also invests in research and development to enhance its sleep technologies and improve the customer experience, catering to a diverse audience seeking better rest.
Looking back on home furnishings stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Leggett & Platt (NYSELEG) and its peers.
Tempur Sealy trades at $55.81 per share and has stayed right on track with the overall market, gaining 12.1% over the last six months. At the same time, the S&P 500 has returned 14.2%.
Bedding manufacturer Tempur Sealy (NYSETPX) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 1.8% year on year to $1.3 billion. Its non-GAAP profit of $0.82 per share was 1.6% above analysts’ consensus estimates.
Conditions remain suboptimal for breakout trading, but the shortened holiday week suggested further bullishness while the SPY and QQQ remain overbought.
Tempur Sealy faces a major setback as the Federal Trade Commission (FTC) voted unanimously to block its $4 billion acquisition of Mattress Firm Group Inc. The merger, combining the largest mattress manufacturer with the top retailer, raises significant competition concerns, potentially leading to higher prices and job losses.
