Tempur Sealy Int Stock Price, News & Analysis

Tempur Sealy International (NYSE: TPX) announced that its Tempur-Pedic brand received the J.D. Power 2022 Mattress Satisfaction Report award for #1 in Customer Satisfaction in both the Retail and Online Mattress categories. This marks the fourth consecutive year for the Retail category and the second year for Online. Tempur-Pedic excelled in support, durability, comfort, and variety of features in the Retail category, while ranking highest in durability and comfort online. The recognition reflects ongoing innovation and commitment to quality sleep solutions.

Tempur Sealy International (NYSE: TPX) has declared a $0.10 cash dividend per share for the fourth quarter, payable on December 1, 2022, to shareholders who are on record as of November 17, 2022. This announcement reflects the company's ongoing commitment to returning value to its shareholders. Tempur Sealy continues to focus on enhancing sleep quality through its popular brands, including Tempur-Pedic, Sealy, and Stearns & Foster, alongside a commitment to achieving carbon neutrality by 2040.

Tempur Sealy International, Inc. (NYSE: TPX) reported a 5.5% decrease in consolidated sales for Q3 2022, totaling $1,283.3 million. Direct channel sales saw an 8.1% increase. Earnings per share (EPS) dropped 13.8% to $0.75, while adjusted EPS fell 11.4% to $0.78. Gross margin slightly decreased to 42.2%. The company declared a quarterly dividend of $0.10 per share. Financial guidance for FY 2022 adjusted EPS is between $2.50 and $2.60, reflecting expectations of flat sales compared to the previous year.

Tempur Sealy International (NYSE: TPX) has launched the Sealy FlexGrid™ mattress collection featuring HexGel™ technology, a new hyper-elastic polymer designed to provide pressure relief and a unique floating feel. This collection targets consumers seeking innovative comfort at affordable prices. The mattresses aim to enhance airflow for a cooler sleeping experience. Available online, Queen sizes are priced at $1,579 for the standard model and $2,149 for the hybrid. This addition reinforces Tempur Sealy's commitment to innovation and consumer satisfaction in the mattress market.

Tempur Sealy International, Inc. (NYSE: TPX) has announced the launch of an all-new generation of Stearns & Foster® mattresses. Set to debut in November 2022, these products boast upgraded luxury features and innovative comfort technology, including the IntelliCoil™ innersprings and new IntelliFlex™ hybrid system, which enhances airflow and conforms to individual sleeper shapes. With prices ranging from $1,799 to $6,499, the collections aim to satisfy high-end mattress shoppers. The new offerings reflect consumer research identifying a demand for premium innerspring bedding.

Tempur Sealy International, Inc. (NYSE: TPX) is set to announce its third-quarter financial results for the period ending September 30, 2022, before the NYSE opens on November 3, 2022. A conference call will follow at 8:00 a.m. ET, which will also be available via webcast on the company's investor relations website. Tempur Sealy is known for its innovative bedding products and aims to enhance sleep quality globally. The company has established a goal to achieve carbon neutrality in its operations by 2040.

Tempur Sealy International, a leader in bedding products, will participate in a fireside chat at the Piper Sandler Growth Frontiers Conference on September 14, 2022, at 10:00 a.m. ET. CEO Scott Thompson will present and the event will be webcast on their investor relations website. Tempur Sealy aims to enhance sleep for consumers worldwide and is committed to achieving carbon neutrality in operations by 2040.

Bryte, Inc. has secured a $20 million strategic investment led by Tempur Sealy International, Inc. (NYSE: TPX). The partnership aims to innovate and develop future products, services, and technology in the restorative sleep sector. Bryte, known for its advanced Restorative Bed™, combines technology and sleep science to enhance sleeper experience. With this investment, Bryte plans to extend its capabilities by integrating its technology into select mattress brands to improve accessibility for consumers.

Tempur Sealy International has declared a third quarter cash dividend of $0.10 per share on its common stock. The dividend will be payable on August 25, 2022, to shareholders of record as of August 11, 2022. Tempur Sealy remains committed to enhancing sleep quality worldwide through its renowned brands such as Tempur-Pedic®, Sealy®, and Stearns & Foster®. The company aims for carbon neutrality by 2040 across its global operations, reflecting its commitment to environmental responsibility.