Kentucky, US – Mattress maker Tempur Sealy’s sales were up 4.8% in the second quarter of 2023, rising from just over $1.2bn in the quarter last year to just under $1.3bn this. Quarterly adjusted net income, however, was down very slightly, from £103m to $102m.
“Our continued market outperformance in the second quarter reflects the momentum we are driving through our execution of our long term initiatives,” said chairman and CEO Scott Thompson. “All three of our leading US brands – Tempur, Sealy and Stearns & Foster – performed well in the quarter, significantly ahead of where we believe the US industry trended.”
There was a slightly larger sales increase in North America, where sales on a constant currency basis were up 5.3%, than in the international business, where the rise was 3.9%. The growth in North America was primarily driven by the success of new product launches at both the Tempur and Stearns & Foster brands.