Lexington, Kentucky — Sales at Tempur Sealy were $1.49bn in the first half of 2020. This represents a 5% hike compared with the same period in 2019.
Dramatic rise in online sales at Tempur
Gross profit across the business rose 6% to $865m. In the same period in the previous year, the figure was $818.5m.
Looking at the second quarter, CEO Scott Thompson said: 'We are currently experiencing tremendous order volume in the US that is broad-based, with growth across both Tempur and Sealy brands. In fact, our sales have been constrained by our Sealy manufacturing capacity and our suppliers' capacity to meet this increased demand.'
In its North America division, sales through wholesalers fell by 6.4% in the second quarter, but this was offset by an increase of 27% in its direct sales to consumers. Web sales were up 140% in the quarter compared with the second quarter of 2019
'While a level of uncertainty remains, we expect the industry tailwinds and our sales momentum to continue,' he said.