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 SaysAdjusted 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 ...Full story available on Benzinga.com
Mattress Giant Somnigroup's Sales Soar, Profits Fluffier
