TPX - What's Going On With Bedding Products Maker Tempur Sealy Shares Today? | Benzinga
Tempur Sealy International Inc (NYSE:TPX) reported a first-quarter FY24 sales decline of 1.5% year-on-year to $1.189 billion, missing the analyst consensus estimate of $1.213 billion.
Sales in North America decreased 2.3% Y/Y, and the International segment sales fell 1.6% on a constant currency basis.
The gross margin for the quarter expanded 170 basis points to 43.1%, and the gross profit rose 2.5% Y/Y to $512.6 million.
The ...