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Tempur-Pedic International Inc. said Thursday that demand for its premium mattresses and pillows jumped in the first quarter, helping lift its net income by 46 percent.
Consumer demand for bigger-ticket items such as mattresses appears to be picking up. Tempur-Pedic's competitor Select Comfort Corp. reported Wednesday that strong sales of its Sleep Number mattresses helped it more than double first-quarter profit and it raised its outlook for the year.
Tempur-Pedic earned $48.3 million, or 68 cents per share, for the quarter that ended March 31. That's up from $33.1 million, or 44 cents per share, in the prior year. Revenue rose 28 percent to $325.8 million from $253.9 million, with sales in North America surging 37 percent.
Analysts polled by FactSet anticipated earnings of 68 cents per share on revenue of $325.2 million.
Source: BusinessWeek
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Tempurpedic mattresses new product video with Tempurpedic mattress tips for the Cloud series, HD series, and the Classic series. If you are ...
Ashley-Faye asks: So I'm thinking about buying a tempur-pedic mattress and I was looking at some of the beds they have at Mor furniture, would it be ok if I bought the mattress and the bed frame separately or would that mess with the mattress's warranty some how? Is the
mermeliz answers: I sleep in a captains bed. It has slats across the mattress space to support the mattress. I recently replaced the regular mattress with a tempurpedic mattress and it is working out just fine! You do have to have some kind of support for the mattress.
I sleep in a captains bed. It has slats across the mattress space to support the mattress. I recently replaced the regular mattress with a tempurpedic mattress and it is working out just fine! You do have to have some kind of support for the mattress.
Lucy asks: I just saw the commercial for the tempurpedic mattress & it said that you can have a 90 day free trial, how does that work? Is it really free?
answers: No, don't believe all the hype you hear in mattress commercials, especially this time of year. Every retail mattress store charges either a restocking, re-shelving fee if you want to return or exchange your mattress. Most stores will not let you return