Bullish outlook, despite a first quarter dip
Our client Tempur Sealy International (makers of Tempur-Pedic, Sealy and Stearns & Foster mattresses) recently released their quarterly results Despite discontinuing sales to the huge national retail chain Mattress Firm, they’re doing pretty well. Sales to the rest of their retailers are up 15% overall, and margins on those sales should be up, too.
While we are just a small sliver of a huge team, we like to think at least a part of that uptick is the result of the refresh of the Sealy brand we designed, which came out of the gate at the start of this year. With fresh new product graphics, point-of-sale displays, and a strong presentation to retail buyers, the 135-year-old Sealy brand has been elevated and reinvigorated.
“This represents the eighth consecutive quarter of double-digit adjusted EPS growth,” said Scott Thompson, chair and chief executive officer. “These solid first-quarter results are a byproduct of the team’s focus on our long-term initiatives and the overall positive worldwide economy underlying the bedding industry. We are pleased with the progress of our new product launches around the world and the positive early market reactions.”
“Eight consecutive quarters” just about syncs with the amount of time we’ve worked with Tempur Sealy. But I’m sure that’s mere coincidence. 🙂
For more bullish financial analysis, take a look at the industry publication BedTimes.