Lexington, Kentucky – US bed and mattress maker Tempur Sealy, now forecasts its 2020 Q2 sales will be down 30% on the numbers in Q2 2019, but that it will break even at the EBITDA level.
Tempur Sealy aims for break-even earnings in Q2
The numbers come in an unscheduled trading statement, and mark a significant improvement on the forecast given with the company's Q1 results. Then, it was expecting the numbers to be much worse because of the coronavirus pandemic.
CEO Scott Thompson said: 'We are very pleased with our progress in this challenging period to date, including our over 100% growth in our US e-commerce business.'
Tempur said market improvements have been 'broad based, driven by continued robust growth from global e-commerce, the re-opening or domestic retail store and positive trends in Asia and Northern Europe'.