Tempur Sealy International reports 1.5% Q1 sales decline, 10.6% Q1 net income drop, and misses analyst consensus estimates.

Tempur Sealy International (NYSE:TPX) saw unusually high options trading activity, with 8,790 put options acquired, representing a 334% increase compared to the average daily volume of 2,026 put options. The firm's Q1 2024 sales declined 1.5% YoY to $1.189 billion, missing the analyst consensus estimate of $1.213 billion. Tempur Sealy's Q1 net income decreased 10.6% to $76.3 million, compared to $85.3 million in the same quarter last year. The company provided FY24 earnings guidance of $2.60-2.90 for the period, compared to the consensus earnings per share estimate of $2.74.

May 07, 2024
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