Tempur sealy - now expects in q2 to achieve at least $50 million of unadjusted ebitda
Tempur sealy provides improved second quarter expectations.tempur sealy - now expects in q2 to achieve at least $50 million of unadjusted ebitda.tempur sealy - quarter-to-date orders have significantly improved from previous expectations.tempur sealy - very difficult period to forecast as shelter-in-place orders and other covid-19 related issues impact bedding market.tempur sealy - global e-commerce sales are up over 125% quarter-to-date while experiencing lower customer acquisition costs.tempur sealy - estimates total q2 net sales to be down only 15% compared to prior year.tempur sealy - strong sales in may and early june are mitigating a very difficult april.tempur sealy - internationally, trends have improved as majority of our markets have returned to growth.tempur sealy - not adopting any policy or practice of providing any mid-quarter updates on net sales, monthly net sales.tempur sealy - in u.s., have brought back almost all plant employees to facilitate servicing current demand.tempur sealy - in u.s., both tempur-pedic & sealy branded products have also grown year-over-year in month of may & through june to-date.tempur sealy -rapid change in market conditions over last few months resulted in some short-term inefficiencies but believe these issues are manageable.
TPX Ratings Summary
TPX Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission