LEXINGTON, Ky., June 9, 2020 /PRNewswire/ -- Tempur Sealy
International, Inc. (NYSE: TPX, "Company") announced today that
Sealy was ranked number one
on Furniture Today's list of the Top 20 U.S. Bedding
Producers1. Furniture Today estimated that
Sealy sales were up 12.5% in 2019
which propelled the brand to reclaim the number one position on the
list which was previously held by Sealy for over 40 consecutive years until
2011. Furniture Today is one of the most respected trade
publications in the bedding industry and has compiled the list of
top bedding producers annually since the 1970s.
"This is a great honor for the Sealy and Stearns & Foster brands, a
testament to the preferences of consumers who recognize
Sealy for exceptional comfort,
support and durability. I would like to thank all the members of
the Tempur Sealy team and our licensees that bring so much pride
and love to the work they do on behalf of this historic brand,"
said Scott Thompson, Tempur Sealy
Chairman and CEO. "I also want to thank our retail partners. This
honor would not have happened without their passion for our brands
and products."
Sealy was started in
Sealy, Texas in 1881 and has
produced over 100 million mattresses during the last 130 years.
Sealy's exclusive Posturepedic
Technology™ was developed with the help of orthopedic specialists
to deliver reinforced support and is featured across the Response,
Conform and Hybrid lines of products. Sealy mattresses are available around the
world and are proudly built in the U.S. for the domestic
market.
"It is clear that our multi-year investments in our people,
products, service, manufacturing and logistics have driven our
exceptional results," said Thompson, who has been Tempur Sealy
Chairman and CEO since 2015.
Thompson added. "This has been an exciting journey of growth for
Sealy. In fact, we now expect
Sealy sales in the U.S. to grow in
the second quarter 2020 as compared to the prior year, despite the
headwinds associated with COVID-19. As part of that journey and the
improving trends, we are targeting to open a new state-of-the-art
Sealy plant in Dallas, Texas in the fourth quarter of 2020.
This will be our 26th Sealy facility in North America and will result in over 150 new
employees. We expect in the coming years to further Sealy's leadership position in the
marketplace."
Forward-Looking Statements
This press release may be deemed to include statements that are
"forward-looking" within the meaning of the federal securities
laws, which 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 words "expects," "targeting" and variations of such
words or similar expressions are intended to identify such
statements. Any forward-looking statements contained herein are
based upon current expectations and beliefs and various
assumptions. 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 results to differ materially from any
that may be expressed herein as forward-looking statements. These
risk factors include the impact of the macroeconomic environment in
both the U.S. and internationally on the Company's business
segments; uncertainties arising from global events; risks
associated with the duration, scope and severity of COVID-19 and
its effects on the Company's business and operations, including the
disruption or delay of production and delivery of materials and
products in the Company's supply chain; the impact of travel bans,
work-from-home policies, or shelter-in-place orders; a temporary or
prolonged shutdown of manufacturing facilities or retail stores and
decreased retail traffic; the efficiency and effectiveness of the
Company's advertising campaigns and other marketing programs;
consumer acceptance of the Company's products; general economic,
financial and industry conditions, particularly conditions relating
to liquidity, 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, any of which may be amplified by the effects of
COVID-19.
Other potential risk factors include the risk factors discussed
under the heading "Risk Factors" in Part I, ITEM 1A of the
Company's Annual Report on Form 10-K for the year
ended December 31, 2019 and in Part II, ITEM 1A of the
Company's Quarterly Report on Form 10-Q for the quarter
ended March 31, 2020. There may be other factors that may
cause 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
1 See Furniture Today's Top
20 U.S. Bedding Producers methodology that includes SEALY® and
STEARNS & FOSTER® products in Sealy ranking.
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SOURCE Tempur Sealy International, Inc.