Tempur Sealy raises guidance at close of 2nd quarter

Manufacturing major Tempur Sealy International Inc. reported net sales of $659.3 million in the second quarter, an 18% decrease compared with the second fiscal quarter of 2016. On a constant-currency basis, the Lexington, Kentucky-based company’s total net sales decreased 17.2%. Gross margin was 40.7%, compared with 41.9% in the prior-year quarter. Net income under U.S. […]

Culp Reports Sales Soften in Fiscal Third Quarter

Industry textile supplier Culp Inc., with headquarters in High Point, North Carolina, reported net sales of $78.5 million in its fiscal 2016 third quarter, which ended Jan. 31. The figure represents a 3.4% decline, compared with the same quarter in 2015. Net income, using generally accepted accounting principles, for the quarter was $4.9 million, or […]

Select Comfort Corp. Sees Net Sales Rise 5% in 2015

Select Comfort Corp. Sees Net Sales Rise 5% in 2015

Airbed manufacturer and retailer Select Comfort Corp., maker of the Sleep Number Bed, reported 2015 net sales of $1.21 billion, an increase of 5%—or 7% when excluding the extra week included in the fourth quarter of 2014. Net income for full-year 2015 was $50.52 million, a 26% decline compared with the prior year. Operating income […]

Tempur Sealy Reports Sales Increase in 2015

Mattress major Tempur Sealy International Inc., with headquarters in Lexington, Kentucky, reported a net sales increase for full-year 2015—5.4% to $3.15 billion, compared with 2014. On a constant-currency basis, total net sales increased 9.4%, with growth in both the North America and international business segments. For the full year, the company posted net income of […]