Mattress Giant Somnigroup's Sales Soar, Profits Fluffier

Somnigroup International Inc. (NYSE:SGI) reported its third-quarter results on Thursday, which topped Wall Street expectations.

Somnigroup is a global bedding company operating in more than 100 countries through its businesses Tempur Sealy, Mattress Firm, and Dreams.

The company posted earnings of 95 cents per share, up from 82 cents a year earlier, and above analysts’ estimate of 86 cents. Net sales for the quarter rose 63.3% to $2.12 billion, beating estimates of $2.06 billion.

Also Read: Lovesac Aims To Be America’s ‘Most-Loved Home Brand’, CEO Says

Adjusted gross margin was 45.6%, up from 43.2% in the third quarter of 2024. Adjusted operating income rose 53.6% to $343.7 million, and Adjusted EBITDA rose to $418.9 million, up from $274.8 million ...

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Mattress Giant Somnigroup's Sales Soar, Profits Fluffier

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