TPX Stock Recent News

Mattress maker Tempur Sealy has agreed to buy the nation's largest bedding retailer Mattress Firm in a roughly $4 billion deal, the companies announced Tuesday.

Tempur Sealy is buying Mattress Firm, Purple Innovation's largest wholesale retail partner. The majority of Purple's revenue is direct-to-consumer, but this news could still challenge the company's operations.

The deal would give the combined company a footprint of about 3,000 stores globally.

The combined company's global footprint will include about 3,000 retail stores, 30 e-commerce platforms, and 71 manufacturing facilities.

LEXINGTON, Ky. , April 20, 2023 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) will release its financial results for the first quarter ended March 31, 2023, before the NYSE opening of regular trading on Tuesday, May 9, 2023.

Bedding products manufacturer Tempur Sealy International Inc. (NYSE: TPX) stock has been quietly rising towards all-time highs. The world's largest bedding provider makes high-end memory foam and innerspring mattresses under premium brands Tempur-Pedic, Stearns & Foster, and Sealy.

Tempur Sealy International, Inc. (NYSE:TPX ) Q4 2022 Earnings Conference Call February 9, 2023 8:00 AM ET Company Participants Lauren Avritt - Investor Relations Manager Scott Thompson - Chairman, President, and Chief Executive Officer Bhaskar Rao - Executive Vice President, and Chief Financial Officer Conference Call Participants Susan Maklari - Goldman Sachs Seth Basham - Wedbush Curtis Nagle - Bank of America Bobby Griffin - Raymond James Atul Maheswari - UBS Jonathan Matuszewski - Jefferies Brad Thomas - Keybanc Laura Champine - Loop Capital Carla Casella - JPMorgan Operator Good morning ladies and gentlemen. Thank you for standing by and welcome to the Tempur Sealy's Fourth Quarter 2022 Earnings Conference Call.

Tempur Sealy (TPX) delivered earnings and revenue surprises of 3.85% and 2.66%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Tempur Sealy International Inc.'s TPX, -2.35% stock fell 5.1% before market open Thursday after the mattress company's fourth-quarter sales came in below Wall Street's estimates. The company posted net income of $101.7 million, or 57 cents a share, down from $175.8 million, or 88 cents a share, in the year-earlier period.

Tempur's (TPX) Q4 results are likely to reflect macroeconomic headwinds and currency woes.