Home / Knowledge / News / Textiles / Tempur Sealy International Q4 FY19 sales jump 28.9%

Tempur Sealy International Q4 FY19 sales jump 28.9%

11
Mar '20
Pic: Tempur Sealy International
Pic: Tempur Sealy International
Tempur Sealy International, a manufacturer of mattresses, foundations and pillows, has reported 28.9 per cent jump in its net sales to $871.3 million in fourth quarter (Q4) FY19 compared to $676.1 million in same quarter prior year. Net sales in full FY19 ended on December 31, 2019 grew 14.9 per cent to $3,106.0 million compared to $2,702.9 million in FY18.
 
Gross margin in the quarter was 44.3 per cent compared to 41.9 per cent in same quarter prior year. Operating income increased 46.1 per cent to $84.6 million as compared to $57.9 million in same quarter prior year. Net income increased 275.6 per cent to $46.2 million as compared to $12.3 million in same quarter prior year.
 
Gross margin in full FY19 was 43.2 per cent compared to 41.5 per cent in 2018. Operating income increased to $346.7 million as compared to $256.3 million in FY18. Net income increased 88.6 per cent to $189.5 million as compared to $100.5 million in prior fiscal.
 
North America net sales increased 36.3 per cent to $719.2 million as compared to $527.6 million in Q4 FY18. North America net sales through the wholesale channel increased to $641.0 million, driven primarily by the expansion of our retail distribution network, as company reported.
 
International net sales increased 2.4 per cent to $152.1 million as compared to $148.5 million in same quarter prior year. International net sales through the wholesale channel decreased 1.2 per cent to $117.9 million as compared to $119.3 million in FY18.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Textiles | On 30th Mar 2020

PRC economy to quickly return to potential growth: PBOC

China's economy will swiftly return to its potential growth rate,...

Pic: Shutterstock

Apparel/Garments | On 30th Mar 2020

COVID FightBack: Malaysia takes steps to tackle impact

Malaysia will grant a six-month delay on most loan payments to ease...

Pic: Shutterstock

Retail | On 30th Mar 2020

NRF hails US House of Representatives consent to CARES Act

The National Retail Federation has welcomed the quick passage by the...

Interviews View All

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Marco Girola,

Marco Girola

With its commitment to innovation and deep technical expertise,...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


March 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search