Tempur Sealy (TPX) Tops Q2 EPS by 23c
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Tempur Sealy Reports Second Quarter 2016 Results
July 28, 2016 7:15 AM EDTLEXINGTON, Ky., July 28, 2016 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) today announced financial results for the second quarter ended June 30, 2016. The Company also updated financial guidance for the full year 2016.
SECONDÂ QUARTER 2016 FINANCIAL SUMMARY
Total net sales increased 5.2% to $804.4 million from $764.4 million in the second quarter of 2015. On a constant currency basis(1), total net sales increased 6.6%, with an increase of 6.4% in the North America business segment and an increase of 7.6% in the International business segment. Gross margin under U.S. generally accepted accounting principles ("GAAP") was 41.9% as compared... More