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.