Leggett & Platt First-quarter Earnings Down, Sales Rise

Leggett & Platt First-quarter Earnings Down, Sales Rise

Industry supplier Leggett & Platt Inc., with headquarters in Carthage, Missouri, had first-quarter earnings of $86.1 million, a 4% decline compared with the first quarter of 2016. Earnings per share were $0.62, a 2%—or one penny—decline over the prior-year quarter. First-quarter sales were $960 million, a 2% increase. “Organic sales grew 4% during the first […]

ISPA: First-quarter Mattress Sales Decline

ISPA: First-quarter Mattress Sales Decline

U.S. mattress sales dipped in the first quarter of 2017, compared with the same three-month period in 2016, according to Bedding Market Quarterly, a sales trends report published by the International Sleep Products Association. Sales of mattresses and foundations decreased by 4.4%, while wholesale revenues fell by only 0.1%, compared with the same quarter last year. […]

Mattress Firm Reports First-quarter Loss

Mattress Firm Reports First-quarter Loss

Houston-based sleep shop chain Mattress Firm reported a net loss for the first quarter of 2016, ended May 3, of $119 million, compared with a net profit of $5.5 million in the prior-year quarter.  Adjusted earnings per share declined $0.17. First-quarter net sales rose to $839.4 million, a 49.2% increase compared with the prior-year quarter. The […]