Tempur Sealy (TPX) Misses Q4 EPS by 3c, Revenue Falls Short of Views
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Tempur Sealy Reports Fourth Quarter And Full Year 2017 Results
February 22, 2018 7:00 AM ESTLEXINGTON, Ky., Feb. 22, 2018 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) today announced financial results for the fourth quarter and year ended December 31, 2017. The Company also issued financial guidance for the full year 2018.
FOURTHÂ QUARTER 2017 FINANCIAL SUMMARY(1)
Total net sales decreased 15.9% to $648.2 million from $771.1 million in the fourth quarter of 2016. On a constant currency basis(2), total net sales decreased 17.0%, with a decrease of 22.6% in the North America business segment and an increase of 6.5% in the International business segment. Gross margin under U.S. generally... More