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.
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