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. […]