Tempur Sealy shares climb 5% premarket after company unveils deals with Mattress Firm, Big Lots [MarketWatch]
Tempur Sealy International, Inc. (TPX)
Last tempur sealy international, inc. earnings: 4/30 06:37 am
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Source: MarketWatch
Tempur Sealy shares climb 5% premarket after company unveils deals with Mattress Firm, Big Lots Tempur Sealy International Inc.'s shares TPX, +6.38% rose 5% in premarket trade Tuesday, after the mattress company said it has added two new retailers to its network and expanded its relationship with an existing one. The Lexington, Ky.-based company said it expects the new agreements too boost sales by more than $400 million on an annual run rate basis. It expects the sales lift to add $75 million to $100 million to annual adjusted EBITDA from 2020. The new retailers are Mattress Firm Inc., which will reintroduce Tempur-Pedic, Stearns & Foster and Sealy branded products at about 2,500 stores across the U.S. That deal is expected to start in the fourth quarter and to be completed early in the first quarter of 2020. The second retailers is Big Lots Inc., which has 1,400 stores in the U.S. The company is extending its agreement with Beter Bed Holding, a European retailer. Tempur Sealy sha
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TPX
Earnings
- 11/7/24 - Beat
TPX
Sec Filings
- 12/9/24 - Form 4
- 12/9/24 - Form 4
- 12/3/24 - Form 4
- TPX's page on the SEC website