Newswire
LEXINGTON, Ky., March 31, 2022
- Expects First Quarter Net Sales Growth of 15 Percent Compared to First Quarter 2021
LEXINGTON, Ky., March 31, 2022 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today provided an update on expected first quarter sales growth. Based on current information, the Company estimates first quarter 2022 consolidated net sales growth of approximately 15 percent year-over-year.
Tempur Sealy Chairman and CEO Scott Thompson commented, "We expect that the first quarter of 2022 will be the 10th out of the last 11 quarters that we have delivered double-digit sales growth. However, while we expect double digit sales in the first quarter, recent geopolitical events, falling consumer confidence and new COVID variant outbreaks in our international markets have resulted in sales below our expectations following a strong Presidents' Day sales period."