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The Federal Trade Commission voted to file a lawsuit to block the proposed $4 billion merger between Tempur Sealy and Mattress Firm over concerns about its competitive impact.
LEXINGTON, Ky. , July 2, 2024 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today issued the following statement regarding the press release issued by the U.S. Federal Trade Commission ("FTC") announcing that it would be challenging the proposed combination of Tempur Sealy and Mattress Firm Group Inc. ("Mattress Firm").
The U.S. Federal Trade Commission said on Tuesday it will sue to block the $4 billion merger between mattress manufacturer Tempur Sealy International Inc and retailer Mattress Firm.
While the top- and bottom-line numbers for Tempur Sealy (TPX) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Tempur Sealy (TPX) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.53 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Tempur Sealy (TPX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
While the top- and bottom-line numbers for Tempur Sealy (TPX) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Tempur Sealy (TPX) came out with quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.54 per share a year ago.
A focus on digitization, e-commerce, product innovation and new marketing techniques is encouraging for the Zacks Retail-Home Furnishing industry players like FBIN and TPX despite a challenging macro backdrop.
LEXINGTON, Ky. , Jan. 15, 2024 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) will release its financial results for the fourth quarter ended December 31, 2023, before the NYSE opening of regular trading on Thursday, February 8, 2024.