Somnigroup International Inc Stock Price, News & Analysis

Somnigroup International (NYSE: SGI) has announced that Mattress Firm, the largest mattress specialty retailer in the US, has secured supply arrangements with Purple Innovation and Leggett & Platt. The agreements cover the distribution and development of mattresses, foundations, and bedding products across various price points.

The new product assortment will be available at Mattress Firm locations starting in late 2025 and 2026. These additions will complement Somnigroup's existing brands including Tempur-Pedic, Sealy, Stearns & Foster, and Sleepy's, enhancing customer choice while optimizing the company's owned brands.

Mattress Firm has launched its 2025 Memorial Day Sale, running from April 30 to June 10, offering significant savings on top mattress brands. According to their Sleep Index by Harris Poll, while most Americans get seven hours of sleep, 53% rate their sleep quality as fair or poor.

Key offers include:

• Up to $700 off select mattresses from Sealy, Serta, and Beautyrest
• Free adjustable base (up to $499 value) with qualifying purchases
• King beds for queen prices; queen beds for twin prices
• Queen mattresses starting at $149.99 (up to 60% savings)
• Bundle savings up to $150 on pillows, sheets, and protectors
• 3% cashback with up to 24-month financing on qualifying purchases

Special 10-20% additional discounts are available for military, teachers, students, healthcare workers, and first responders. Customers can get personalized recommendations through in-store Sleep Experts or the online MattressMatcher tool.

Somnigroup International (NYSE: SGI) has appointed Kindel Nuño as its new Chief Human Resources Officer, effective May 5, 2025. Nuño, who previously served as Executive Vice President, Legal and General Counsel at Mattress Firm, will report directly to Scott Thompson, Chairman, President and CEO of Somnigroup.

According to Thompson, Nuño's experience at Mattress Firm has provided her with valuable insights into retail operations from a people and culture perspective. In her new role, she will lead human resource and communications functions across the Somnigroup organization, leveraging her experience in implementing strategic initiatives while considering both regulatory compliance and employee impact.

Somnigroup (NYSE: SGI) has announced it will release its Q1 2025 financial results on Thursday, May 8, 2025, before the NYSE market opening. The company has scheduled a conference call at 8:00 a.m. Eastern Time on the same day to discuss the results for the quarter ending March 31, 2025.

Investors and interested parties can access the webcast through Somnigroup's investor relations website. A replay of the webcast will remain accessible on the company's website for 30 days following the conference call.

Mattress Firm has released its latest Sleep Index survey conducted by The Harris Poll, revealing significant insights into American sleep patterns. While 58% of U.S. adults report getting 7+ hours of sleep nightly, 53% rate their sleep quality as 'fair' or 'poor', with women experiencing more sleep quality issues than men.

Key findings show that 93% of respondents sleep best in their own bed, though 26% use mattresses older than seven years. 70% prefer sleeping with noise, particularly nature sounds (45%) and white noise (22%). Regarding daylight saving time, 44% appreciate longer daylight hours, while 40% consider it outdated and frustrating.

The survey, conducted in February 2025, also revealed that 42% experience sleep disruption due to daylight saving time, with women more affected than men. To combat travel-related sleep issues, respondents prefer booking direct flights (28%), taking exercise breaks (27%), and traveling with personal pillows (26%).

Somnigroup International (NYSE: SGI) has announced the appointment of Steve Rusing as the new President of Mattress Firm, effective March 10, 2025. Rusing will report to Scott Thompson, who serves as both Interim CEO of Mattress Firm and Chairman, President and CEO of Somnigroup.

Rusing brings 30 years of experience from Tempur Sealy, where he most recently served as President of US Sales. His expertise spans sales leadership, product development, merchandising, and retailer advertising. In his last five years at Tempur Sealy, he was instrumental in developing the company's omnichannel strategy, focusing on distribution channel success and conflict minimization.

The new president will be based at Mattress Firm's Houston, Texas office, where he will oversee the company's executive leadership team.

Mattress Firm, the largest mattress specialty retailer in the US, has partnered with Extend to launch FirmCare, a new product protection program. The service is being implemented across more than 2,300 store locations and online platforms.

FirmCare provides protection against accidental damage to mattresses and extended protection for adjustable bases. The program features 24/7 online support and processes most claims within 90 seconds. A unique offering includes a one-time replacement for mattress protectors.

The implementation includes comprehensive support through in-field training, learning management content, analytics, and reporting. The partnership aims to enhance customer experience and drive business value through seamless protection services.

Somnigroup International (NYSE: SGI) has announced a 15% increase in its quarterly cash dividend to $0.15 per share, payable on March 20, 2025, to shareholders of record as of March 6, 2025. This marks the company's fifth dividend increase in four years, with the cash dividend more than doubling since its inception in 2021.

According to CEO Scott Thompson, the dividend increase reflects the company's strong market position and demonstrated ability to generate significant free cash flow.