Lexington-based Tempur Sealy reported record second-quarter sales that boosted earnings slightly to $21.3 million. The mattress maker also adjusted full-year expectations upward a bit.
For the quarter, Tempur Sealy earnings were 35 cents per diluted share, up 2.9 percent from the 34 cents reported for the same quarter last year. Year-to-date, Tempur reported earnings of $60.9 million, or 99 cents per diluted share, up 37.5 percent from the 72 cents reported for the same period last year.
Tempur Sealy adjusted its full-year guidance from the $500 million to $550 million reported in February to $525 million to $550 million.
“Thanks to the hard work of our more than 7,000 associates worldwide, the company had an excellent quarter,” said chairman and CEO Scott Thompson in a release. “We are gaining traction toward the goals we have set. We are improving operating leverage, continuing to invest heavily in our brands, expanding distribution, and successfully servicing our retailers and direct customers.”
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Tempur launched its direct-to-customers line, Cocoon, in March. While the company did not break out online sales separately Tempur report overall sales increased 5.2 percent to $804.4 million in the quarter, with North American sales up 6 percent and international sales up 1.6 percent.