Tempur Sealy (TPX) PT Raised to $60 at Stifel; Reiterates Hold
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Tempur Sealy Reports Second Quarter 2017 Results
July 27, 2017 7:00 AM EDTLEXINGTON, Ky., July 27, 2017 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) today announced financial results for the second quarter ended June 30, 2017. The Company also updated its financial guidance for the full year 2017.
SECONDÂ QUARTER 2017 FINANCIAL SUMMARY
Total net sales decreased 18.0% to $659.3 million from $804.4 million in the second quarter of 2016. On a constant currency basis(1), total net sales decreased 17.2%, with a decrease of 21.0% in the North America business segment and an increase of 1.6% in the International business segment. Gross margin was 40.7% as compared to 41.9% in... More