The Urethane Blog

Tempur Sealy Guidance Change

Tempur-Sealy on watch after strong guidance update

|About: Tempur Sealy Internationa… (TPX)|By: , SA News Editor

Tempur-Sealy International (NYSE:TPX) says it expects FQ2 sales to be down about 30% Y/Y after seeing some improving trends of late.

The company notes the broad-based improvement has been driven by continued robust growth from global e-commerce, the re-opening of domestic retail stores and positive trends in Asia and Northern Europe.

Tempur-Sealy now expects to be unadjusted EBITDA breakeven or better for the current quarter after guiding previously for an unadjusted EBITDA loss.

https://seekingalpha.com/news/3578212-tempur-sealy-on-watch-after-strong-guidance-update?utm_medium=email&utm_source=seeking_alpha&mail_subject=tpx-tempur-sealy-on-watch-after-strong-guidance-update&utm_campaign=rta-stock-news&utm_content=link-3