Tempur Sealy (TPX) Tops Q1 EPS by 12c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
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Tempur Sealy Reports Record First Quarter Results
April 29, 2021 6:37 AM EDTLEXINGTON, Ky., April 29, 2021 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) announced financial results for the first quarter ended March 31, 2021. The Company also raised its financial guidance for the full year 2021.
FIRSTÂ QUARTER 2021 FINANCIAL SUMMARY
Total net sales increased 26.9% to $1,043.8 million as compared to $822.4 million in the first quarter of 2020. On a constant currency basis(1), total net sales increased 25.1%, with an increase of 27.3% in the North America business segment and an increase of 13.8% in the International business segment. Gross margin was 44.0% as compared to... More