Tempur Sealy Reports Solid Second Quarter 2019 Results
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Tempur Sealy (TPX) Tops Q2 EPS by 12c
July 25, 2019 6:47 AM EDTTempur Sealy (NYSE: TPX) reported Q2 EPS of $0.79, $0.12 better than the analyst estimate of $0.67. Revenue for the quarter came in at $722.8 million versus the consensus estimate of $723.28 million.
SECOND QUARTER 2019 FINANCIAL SUMMARY(1)
Total net sales increased 9.5% to $722.8 million as compared to $659.9 million in the second quarter of 2018. On a constant currency basis(2), total net sales increased 10.8%, with an increase of 11.8% in the North America business segment and an increase of 6.9% in the International business segment.Gross margin under U.S. generally accepted accounting principles ("GAAP") was 43.4% as compared to 41.3% in the second... More