TITLE

Tempur-Pedic 2Q profit falls 38.6% as sales dip

AUTHOR(S)
Thomas, Larry
PUB. DATE
July 2008
SOURCE
Furniture/Today;7/28/2008, Vol. 32 Issue 46, p166
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the 36.8% decline in the 2008 second-quarter profits of specialty bedding producer Tempur-Pedic International Inc. due to weak domestic and international business in the U.S. It cites that sales for the quarter ended June 30 were 7.4% below compared to the same period in 2007. The company reduced its sales and earnings guidance for the remainder of the year. Moreover, the company's net income was down from $ 32.9 million in the same quarter of 2007.
ACCESSION #
33447566

 

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