US bedding manufacturer Tempur Sealy's Q1 FY21 sales grow 27%

Tempur Sealy, a US-based manufacturer of mattresses, foundations and pillows, posted 26.9 per cent sales growth to $1,043.8 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to sales of $822.4 million in the same period previous fiscal. The company's net income for the quarter rose to $130.5 million (Q1 FY20: $59.7 million).

 

Tempur Sealy, a US-based manufacturer of mattresses, foundations and pillows, posted 26.9 per cent sales growth to $1,043.8 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to sales of $822.4 million in the same period previous fiscal. The company's net income for the quarter rose to $130.5 million (Q1 FY20: $59.7 million).#

“Our strategic initiatives generated record first quarter results, which included triple-digit EPS growth year-over-year. Our strong results reflect our strong competitive position, our ongoing market share gains, and a healthy industry backdrop,” Scott Thompson, chairman and CEO at Tempur Sealy, said in a press release.

 

Tempur Sealy, a US-based manufacturer of mattresses, foundations and pillows, posted 26.9 per cent sales growth to $1,043.8 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to sales of $822.4 million in the same period previous fiscal. The company's net income for the quarter rose to $130.5 million (Q1 FY20: $59.7 million).#

Gross profit during Q1 FY21 grew to $458.9 million ($357.1 million), while selling, general and administrative expenses were $197.7 million ($171.0 million). The company’s operating income increased to $188.4 million ($105.3 million).

 

Tempur Sealy, a US-based manufacturer of mattresses, foundations and pillows, posted 26.9 per cent sales growth to $1,043.8 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to sales of $822.4 million in the same period previous fiscal. The company's net income for the quarter rose to $130.5 million (Q1 FY20: $59.7 million).#

Sales in North America improved 27.6 per cent to $883.3 million ($692.3 million). Whereas international sales were up 23.4 per cent to $160.5 million ($130.1 million).