Somnigroup International Inc Stock Price, News & Analysis

Mattress Firm has released its latest Sleep Index survey, conducted by Harris Poll, revealing crucial insights about sleep's role in relationships. The study shows that while 85% of married Americans recommend including sleep-related items in wedding registries, only 36% of couples actually did so.

Key findings include: 94% of married people agree better sleep leads to better relationships, 65% of engaged couples want a bigger bed, and only 37% of bed-sharing couples go to sleep simultaneously. Generational differences are notable, with 43% of Gen Z considering separate beds for better rest, while 81% report cuddling helps them sleep better.

Somnigroup (NYSE:SGI) has scheduled its Q2 2025 financial results announcement for August 7, 2025, before market open. The company will host a conference call at 8:00 a.m. Eastern Time to discuss the results.

Investors can access the live webcast through Somnigroup's investor relations website. A replay of the webcast will be available on the website for 30 days following the call.

Somnigroup International (NYSE: SGI) has extended CEO Scott Thompson's employment contract through December 31, 2029. Under Thompson's leadership since 2015, SGI's share price has surged by over 250%, outperforming both S&P 500 and Russell 2000 indexes.

The extension includes a stock option award of 1.2 million shares in three tranches with increasing strike prices, and a $10 million transaction bonus for the successful Mattress Firm acquisition. During Thompson's tenure, the company has returned approximately $3 billion to shareholders through dividends and share repurchases while strengthening its global competitive position.

Somnigroup International (NYSE: SGI) has successfully repriced its $1.6 billion Term Loan B due October 2031, reducing the applicable margin by 25 basis points from SOFR plus 2.50% to SOFR plus 2.25%. The company will receive an additional reduction to SOFR plus 2.00% if total net leverage falls below 3.0x adjusted EBITDA. Somnigroup plans to prepay $100 million of the outstanding term loan using cash and revolver borrowings. These actions are expected to generate annual cash interest savings of $5 million, with potential additional savings of $4 million if leverage targets are met. CEO Scott Thompson highlighted the repricing as a demonstration of lender confidence and emphasized the company's focus on generating free cash flow, reducing leverage, and delivering above-market returns to shareholders.

Mattress Firm has launched its July 4th Sale running from June 11 to July 15, 2025, offering significant discounts on mattresses and sleep accessories. Key deals include king beds for queen prices, queen beds for twin prices with up to $700 savings on select brands like Sealy, Serta, Sleepy's and Beautyrest. Customers can receive a free adjustable base worth up to $499 with qualifying purchases, and save up to 60% with queen mattresses starting at $149.99. Additional offers include bundle savings up to $150 on sleep accessories, 3% cashback with special financing options, and a TEMPUR-ProAdapt financing option at $49 per month. Military personnel, teachers, students, healthcare workers, and first responders can save an extra 10-20% on select items.

Affirm (NASDAQ: AFRM) has announced a strategic partnership with Mattress Firm, the largest mattress specialty retailer in the United States. The collaboration enables customers to use Affirm's flexible payment solutions both online at MattressFirm.com and across 2,200+ Mattress Firm stores nationwide.

The integration comes ahead of Mattress Firm's Memorial Day sale. Customers can access biweekly and monthly payment plans with 0% APR options and no late or hidden fees. The application process is streamlined: in-store customers receive a smartphone link from associates, while online shoppers can select Affirm at checkout, followed by a quick eligibility check.

This partnership expands Affirm's merchant network while providing Mattress Firm customers with transparent financing options for their sleep-related purchases.

Somnigroup International (NYSE: SGI) has announced the pricing of a secondary offering of 15,376,743 shares of common stock at $62.00 per share. The shares are being sold by the former majority shareholder of Mattress Firm Group Inc., a subsidiary of IBEX Topco B.V. Notably, Somnigroup will not receive any proceeds from this offering. The offering is expected to close around May 13, 2025, with Goldman Sachs & Co. LLC serving as the sole underwriter. The shares are being offered through the company's automatically effective shelf registration statement on Form S-3 filed with the SEC.

Somnigroup International (NYSE: SGI) has announced a secondary offering of 15,376,743 shares of common stock by IBEX Topco B.V.'s subsidiary, the former majority shareholder of Mattress Firm Group. Goldman Sachs & Co. LLC will serve as the sole underwriter for the offering. Importantly, Somnigroup will not receive any proceeds from this transaction as all shares are being sold by the Selling Stockholder. The offering will be conducted through an automatically effective shelf registration statement on Form S-3 previously filed with the SEC. The sale will be made via a preliminary prospectus supplement and accompanying prospectus available through the SEC's EDGAR system.

Somnigroup (NYSE: SGI) has announced a quarterly cash dividend of $0.15 per share for the second quarter. The dividend will be paid on June 5, 2025, to shareholders who are on record as of May 22, 2025. This dividend declaration demonstrates the company's commitment to returning value to shareholders through regular dividend payments.