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Tempur Sealy Provides Update On Improved Sales Trends
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LEXINGTON, Ky., May 27, 2021 /PRNewswire/ Tempur Sealy International, Inc. (NYSE: TPX, Tempur Sealy or the Company ) today provided an update on its targeted second quarter sales performance. Quarter-to-date orders have accelerated since the Company s first quarter earnings call, and it now targets total second quarter net sales growth of approximately 60% as compared to the second quarter of 2019. The second quarter of 2019 was unaffected by COVID-19-related shutdowns at retail and provides a more meaningful comparison than the second quarter of 2020. The improved outlook has been driven by growth in demand for Tempur-Pedic products in the U.S., which are higher margin than the Company s average. The Company expects to update full year sales and EPS guidance when it reports second quarter 2021 financial results.
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