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Somnigroup to Host Investor Day on March 4, 2026
Prnewswire· 2026-02-05 11:55
About Somnigroup Somnigroup (NYSE: SGI) is the world's largest bedding company, dedicated to transforming how the world sleeps. With superior capabilities in design, manufacturing, distribution and retail, we deliver breakthrough sleep solutions and serve the evolving needs of consumers in more than 100 countries worldwide through our fully-owned businesses, Tempur Sealy, Mattress Firm and Dreams. Our portfolio includes the most highly recognized brands in the industry, including Tempur-Pedic®, Sealy®, Stea ...
Leggett & Platt Enters Non-Disclosure Agreement With Suitor Somnigroup
WSJ· 2026-01-20 12:30
Group 1 - Leggett & Platt has opened the door to a possible takeover by Somnigroup International despite rejecting the bedding company's offer of approximately $1.63 billion as too low [1]
Somnigroup to Report Fourth Quarter and Full Year 2025 Financial Results
Prnewswire· 2026-01-15 11:55
DALLAS, Jan. 15, 2026 /PRNewswire/ -- Somnigroup International, Inc. (NYSE: SGI, "Company" or "Somnigroup") will release its financial results for the fourth quarter and full year ended December 31, 2025, before the NYSE opening of regular trading on Tuesday, February 17, 2026. The Company will hold a conference call at 8:00 a.m. Eastern Time. The call will be webcast and can be accessed on the Company's investor relations website at www.somnigroup.com. After the conference call, a webcast replay will remai ...
IFabric & The Lad Collective Bringing Enhanced Function Bedding to North America
Accessnewswire· 2026-01-13 11:30
Core Viewpoint - iFabric Corp. has announced a partnership with The Lad Collective to introduce innovative bedding products to the North American market [1] Group 1: Company Overview - iFabric Corp. operates through its subsidiary Intelligent Fabric Technologies (North America) Inc. [1] - The Lad Collective is an Australian brand co-founded in 2020, specializing in bedding and sleep essentials [1] Group 2: Partnership Details - The agreement aims to leverage both companies' proprietary functional innovations in the bedding sector [1]
Best Pillow for Sleep and Neck Support 2026: Maas & Bath Ergo Z Consumer Analysis
Globenewswire· 2026-01-10 23:10
ATLANTA, GA, Jan. 10, 2026 (GLOBE NEWSWIRE) -- Disclaimer: This article is for informational purposes only. Individual comfort preferences and sleep experiences vary. Affiliate Disclosure: This article contains affiliate links. If you purchase through these links, a commission may be earned at no additional cost to you. This compensation does not influence the accuracy or integrity of the information presented. Search Term Context: Phrases such as "best pillow for sleep" and "pillow for neck support" are us ...
US-made bedding brand to liquidate in Chapter 7 bankruptcy
Yahoo Finance· 2025-12-12 19:47
Group 1: Consumer Sentiment on American-Made Products - 69% of Americans consider "made in the USA" to be at least somewhat important, but 37% are unwilling to pay more for such items, with 26% willing to pay only 5% more and 21% willing to pay 10% more [1] Group 2: Cost Challenges for U.S. Manufacturing - The higher cost of labor in the U.S. is a primary hurdle for manufacturers, as American wages are significantly higher than those in developing countries [2] - Setting up or upgrading manufacturing plants in the U.S. incurs additional expenses, further complicating competitiveness [2] - Many companies find that their overseas facilities do not meet U.S. production standards, necessitating significant investments in infrastructure and technology [3] Group 3: Impact on Pricing and Competition - Products made in the U.S. would be considerably more expensive, affecting consumer purchasing decisions [4] - The efficiency of global production methods helps lower prices and improve living standards, making it difficult for U.S. brands to compete on price [5] Group 4: Company-Specific Developments - Sol Beauty, a California company specializing in bedding products for salons and massage studios, has filed for Chapter 7 bankruptcy and plans to liquidate [6] - Sol Beauty's product offerings include memory foam toppers and pillows used in spa and massage services [7]
Home Depot Stock Slips on Q3 Earnings Miss and Soft FY25 EPS View
ZACKS· 2025-11-18 17:11
Core Insights - Home Depot Inc. reported third-quarter fiscal 2025 results with net sales exceeding estimates but earnings per share (EPS) falling short, reflecting year-over-year improvements in both metrics [1][4][5] Financial Performance - Adjusted EPS for the quarter was $3.74, a decrease of 1.1% from $3.78 in the same quarter last year, missing the Zacks Consensus Estimate of $3.81 [4] - Net sales rose 2.8% to $41.4 billion from $40.2 billion year-over-year, surpassing the Zacks Consensus Estimate of $41 billion [5] - Customer transactions decreased by 1.6% year-over-year to 393.5 million, while the average ticket size increased by 1.8% [6] Cost and Margin Analysis - Gross profit increased by 2.9% year-over-year to $13.8 billion, with a gross margin of approximately 33.4%, up 2 basis points from the previous year [10] - SG&A expenses rose 5.9% to $7.8 billion, representing about 18.5% of sales, an increase of roughly 60 basis points year-over-year [10] - Operating income was $5.4 billion, down 1.2% year-over-year, with an operating margin of about 12.9%, contracting 60 basis points [11] Future Outlook - Management has updated its fiscal 2025 outlook, expecting sales to increase by 3% year-over-year, reflecting a $2 billion contribution from the acquisition of GMS Inc. [14] - The company anticipates a gross margin of 33.2% and an operating margin of 12.6% for fiscal 2025, both lower than previous estimates [15] - EPS is expected to decline by 6% year-over-year, with adjusted EPS estimated to fall by 5% [16]
Why Somnigroup (SGI) Stock Is Up Today
Yahoo Finance· 2025-11-06 16:37
Core Insights - Somnigroup's shares increased by 11.1% following the release of strong third-quarter financial results that exceeded expectations and raised full-year guidance [1] - The company's revenue grew by 63.3% year-over-year to $2.12 billion, surpassing analyst forecasts of $2.06 billion [1] - Adjusted earnings per share reached $0.95, exceeding Wall Street's expectations of $0.86, driven by significant growth in direct-to-consumer sales [1] - Somnigroup raised its full-year adjusted EPS guidance to a midpoint of $2.68, enhancing investor confidence [1] Financial Performance - Revenue increased by 63.3% year-over-year to $2.12 billion [1] - Adjusted earnings per share were reported at $0.95, above the expected $0.86 [1] - Full-year adjusted EPS guidance was raised to a midpoint of $2.68 [1] Market Reaction - Somnigroup's shares have shown low volatility, with only 7 moves greater than 5% in the past year, indicating the significance of the recent news [3] - The stock has risen 57.3% since the beginning of the year, reaching a new 52-week high of $87.79 per share [5] - An investment of $1,000 in Somnigroup shares five years ago would now be worth $3,606 [5]
Somnigroup International to Participate in Financial Conference
Prnewswire· 2025-09-02 10:55
Core Insights - Somnigroup International Inc. will participate in the 2025 Goldman Sachs Global Retailing Conference on September 3, 2025, and has indicated that sales trends from early in the third quarter are continuing [1][2] Company Overview - Somnigroup is the world's largest bedding company, focused on enhancing lives through better sleep, with operations in over 100 countries and a portfolio that includes well-known brands such as Tempur-Pedic®, Sealy®, Stearns & Foster®, and Sleepy's® [3] - The company emphasizes its capabilities in design, manufacturing, distribution, and retail, aiming to provide innovative sleep solutions and a unique retail experience [3] Financial Outlook - The Chairman and CEO, Scott Thompson, expressed confidence in the company's ability to leverage improved market conditions, with solid trends continuing into the third quarter [2] - The company aims to deliver long-term value for shareholders through prudent capital allocation and is committed to environmental and community responsibilities [4]
Somnigroup International Announces New Chief Executive Officer at Mattress Firm
Prnewswire· 2025-08-18 10:55
Company Leadership Changes - Steve Rusing has been appointed as President and Chief Executive Officer of Mattress Firm, effective August 14, 2025, expanding his previous role [1] - Scott Thompson, the Chairman and CEO of Somnigroup, served as Mattress Firm's interim CEO since February 2025 [1] Strategic Direction - Combining the roles of President and CEO is expected to enhance leadership agility and alignment within Mattress Firm [2] - Under Steve Rusing's leadership, Mattress Firm has sharpened its operational focus, building momentum and driving solid performance [2] Company Overview - Somnigroup International Inc. is the world's largest bedding company, operating in over 100 countries with brands like Tempur-Pedic®, Sealy®, and Stearns & Foster® [3] - The company aims to improve lives through better sleep and offers a global omni-channel platform for a unique retail experience [3] Shareholder Value and Responsibility - Somnigroup is committed to delivering long-term value for shareholders through prudent capital allocation and responsible environmental practices [4]