LEXINGTON, Ky., June 19, 2019 /PRNewswire/ -- Tempur Sealy
International, Inc. (NYSE: TPX, the "Company") announced plans
today to add approximately 700 new U.S. employees to meet growing
demand for its Tempur-Pedic, Stearns & Foster and Sealy
mattresses and bedding products.
The Company announced yesterday it had entered into long-term
supply agreements with Mattress Firm, Inc. ("Mattress Firm") and
Big Lots, Inc. ("Big Lots).
The new positions include management, operations and
logistics, professional sales and other positions, and are spread
across the country.
Tempur Sealy International, Inc. Chairman, President and CEO
Scott Thompson commented, "The
popularity of our iconic brands, Tempur-Pedic, Stearns & Foster
and Sealy, are driving an expansion of our U.S.
workforce. All three brands are experiencing growth in the U.S., as
our innovative products are being well received by consumers and
our powerful omni-channel distribution platform is reaching more
in-market consumers."
Forward-Looking Statements
This press release contains statements that may be characterized
as "forward-looking," within the meaning of the federal securities
laws. Such statements might include information concerning one or
more of the Company's plans, objectives, goals, strategies, and
other information that is not historical information. When used in
this release, the word "plans" and variations of such words or
similar expressions are intended to identify forward-looking
statements. These forward-looking statements include, without
limitation, statements relating to the Company's expectations for
expansion of its work force in the United
States in connection with new supply agreements. There
can be no assurance that the Company will realize these
expectations or that these beliefs will prove correct.
Numerous factors, many of which are beyond the Company's
control, could cause actual outcomes to differ materially from
those expressed as forward-looking statements. These risk
factors include risks associated with the occurrence of any event,
change or other circumstance that could give rise to the right of
the Company, Mattress Firm or Big Lots to terminate the applicable
supply agreement; the Company's ability to hire and retain new
employees; the Company's ability to successfully implement the
launches with Mattress Firm and Big Lots and other new or expanded
retail accounts for 2019 and beyond; the impact of the
macroeconomic environment in the U.S. on the Company, its business
segments, Mattress Firm and Big Lots, as well as the Company's
expectations regarding growth of the mattress industry; competition
in the Company's industry; consumer acceptance of the Company's
products; general economic, financial and industry conditions,
particularly conditions relating to the financial performance and
related credit issues present in the retail sector; financial
distress among the Company's business partners, customers and
competitors; and financial solvency and related problems
experienced by other market participants.
Other potential risk factors include the risk factors discussed
under the heading "Risk Factors" under ITEM 1A of Part 1 of the
Company's Annual Report on Form 10-K for the year ended
December 31, 2018. There may be other factors that may cause
the Company's actual results to differ materially from the
forward-looking statements contained herein. The Company undertakes
no obligation to update any forward-looking statement contained
herein to reflect events or circumstances after the date on which
such statement is made.
About the Company
Tempur Sealy International, Inc. (NYSE: TPX) develops,
manufactures, and markets mattresses, foundations, pillows and
other products. The Company's products are sold worldwide through
third party retailers, its own stores, and online. The Company's
brand portfolio includes many highly recognized brands in the
industry, including Tempur®, Tempur-Pedic®, Sealy® featuring
Posturepedic® Technology, and Stearns & Foster®. World
headquarters for Tempur Sealy International is in Lexington, KY. For more information, visit
http://www.tempursealy.com or call 800-805-3635.
Investor Relations Contact
Aubrey Moore
Investor Relations
Tempur Sealy International, Inc.
800-805-3635
Investor.relations@tempursealy.com
Public Relations Contact
Rick Maynard
Public Relations
Tempur Sealy International, Inc.
859-455-2988
Rick.Maynard@tempursealy.com
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SOURCE Tempur Sealy International, Inc.