On August 3, 2023, TEMPUR SEALY INTERNATIONAL ($NYSE:TPX) reported their financial results for the second quarter of FY2023 ending on June 30, 2023. The company saw a 4.8% year-over-year increase in total revenue for the quarter, amounting to USD 1269.7 million, while net income increased 2.0%, coming in at USD 92.4 million.
On Thursday, August 3, 2023, TEMPUR SEALY INTERNATIONAL reported their financial results for the second quarter of FY2023. The premarket trading saw the stock open at $43.9 and close at $45.9, signifying a 5.6% rise from the prior closing price of $43.5. The majority of the gains were attributed to the company’s better-than-expected performance in the latest quarter. In addition to the strong financial results, TEMPUR SEALY INTERNATIONAL also revealed that they had made investments in research and development, which helped them launch several new products that have been well-received by customers. These investments have paid off as the company is seeing increased demand for their products and services.
As a result of these positive developments, investors are becoming more bullish on the stock. Overall, it appears that TEMPUR SEALY INTERNATIONAL had a successful quarter and their stock benefited from it significantly. As they continue to invest in research and development and launch new products, investors could expect further growth in the company’s stock price. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for TPX. More…
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Cash Flow Snapshot
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Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for TPX are shown below. More…
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At GoodWhale, we have taken a close look at TEMPUR SEALY INTERNATIONAL’s financials. Our analysis shows that this company has a medium risk rating according to our criteria. We have identified one risk warning in their balance sheet, so if you want to know more about it, be sure to register with us. We can provide more detailed information about the company’s financials and business aspects for analysis. More…
Risk Rating Analysis
Star Chart Analysis
Tempur Sealy International Inc is one of the world’s leading manufacturers of mattresses and bedding products. The company operates in three segments: Tempur, Sealy, and Stearns & Foster. Tempur Sealy International Inc’s competitors include MillerKnoll Inc, Whirlpool Corp, Traeger Inc.
Founded in 1944, Miller Knoll is a publicly traded company that manufactures and sells furniture and home furnishings. The company has a market capitalization of 1.71 billion as of 2022 and a return on equity of 6.45%. The company’s products are sold through a network of retail stores and online retailers. Miller Knoll is headquartered in New York, New York.
– Whirlpool Corp ($NYSE:WHR)
Whirlpool Corp is a leading manufacturer and marketer of major home appliances. The company’s products include refrigerators, freezers, washers, dryers, dishwashers, microwaves, and room air conditioners. Whirlpool’s products are sold under a variety of brand names, including Whirlpool, KitchenAid, Maytag, Jenn-Air, and Amana. The company has operations in North America, Europe, Latin America, and Asia.
Traeger Inc is a publicly traded company with a market capitalization of 457.36M as of 2022. The company has a Return on Equity of -51.11%. Traeger Inc is engaged in the business of manufacturing and selling wood pellet grills. The company was founded in 1985 and is headquartered in Salt Lake City, Utah.
Tempur Sealy International reported positive results for their second quarter of FY2023, with total revenue reaching USD 1269.7 million and net income of USD 92.4 million, a 4.8% and 2.0% increase year over year respectively. The news caused a surge in the company’s stock price on the same day. Investors should consider this positive news when analyzing their investment opportunities in the company.
The increase in both revenue and net income indicates successful execution of the company’s strategies and potential for future growth. Therefore, investors should pay close attention to the company’s future performance and keep an eye out for other positive news related to Tempur Sealy International.