LEXINGTON, Ky. — Tempur Sealy International today provided an update on expected first quarter sales growth. Based on current information, the company estimates first quarter 2022 consolidated net sales growth of approximately 15% year-over-year.
“We expect that the first quarter of 2022 will be the 10th out of the last 11 quarters that we have delivered double-digit sales growth,” Tempur Sealy Chairman and CEO Scott Thompson said. “However, while we expect double digit sales in the first quarter, recent geopolitical events, falling consumer confidence and new COVID variant outbreaks in our international markets have resulted in sales below our expectations following a strong Presidents’ Day sales period.”
Thompson said Lexington-headquartered Tempur Sealy remains committed to making investments in marketing, product launches, and our operations this year to support the long-term growth trajectory of the business.
“However, in response to the current geopolitical uncertainty permeating the European market, we have elected to postpone the launch of the new international line of Tempur products that was planned for 2022 to the first quarter of 2023,” he said.
The company will release its financial results for the first quarter ended March 31, 2022, before the NYSE opening of regular trading on Thursday, April 28, 2022, via webcast at investor.tempursealy.com. After the conference call, a webcast replay will remain available on the website for 30 days.
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