Latest news with #MattressFirm
Yahoo
2 days ago
- Business
- Yahoo
SGI Q1 Earnings Call: Revenue Miss, Guidance Cut, and Tariff Mitigation Plans Detailed
Bedding manufacturer Somnigroup (NYSE:SGI) missed Wall Street's revenue expectations in Q1 CY2025, but sales rose 34.9% year on year to $1.6 billion. Its non-GAAP EPS of $0.49 per share was 5.1% above analysts' consensus estimates. Is now the time to buy SGI? Find out in our full research report (it's free). Revenue: $1.6 billion (34.9% year-on-year growth) Adjusted EPS: $0.49 vs analyst estimates of $0.47 (5.1% beat) Adjusted Operating Income: $182.8 million vs analyst estimates of $185.4 million (11.4% margin, 1.4% miss) Management lowered its full-year Adjusted EPS guidance to $2.47 at the midpoint, a 11.6% decrease Operating Margin: 0.8%, down from 11.1% in the same quarter last year Market Capitalization: $13.6 billion Somnigroup's first quarter performance was shaped by the initial integration of Mattress Firm and the ongoing launch of new product lines, particularly the Sealy Posturepedic collection in North America. CEO Scott Thompson cited 'continued strong performance in our international business' and highlighted solid mid-single-digit sales growth in key markets, despite the impact of foreign exchange. Management also addressed weaker-than-expected U.S. consumer demand over the President's Day period and a challenging market backdrop. The company's operational focus included expanding distribution, accelerating private label initiatives, and streamlining logistics, all of which were intended to counteract industry headwinds and drive market share gains. Looking forward, Somnigroup's revised outlook reflects lowered expectations for the U.S. bedding market, with management now projecting a mid-single-digit industry decline for the year. CFO Bhaskar Rao attributed the guidance cut primarily to a 'rapid change in consumer confidence or sentiment in the U.S.,' describing it as volatile and policy-driven. The company plans to offset new tariff costs by combining supplier negotiations and price increases, which are set to take effect in the third quarter. Management emphasized upcoming marketing campaigns and the ongoing rollout of the Sealy collection as potential drivers for a modest second-half improvement, though they cautioned that overall industry demand is likely to remain subdued. Management discussed the integration of Mattress Firm, evolving market conditions, and the company's response to tariff developments as major themes impacting the quarter. International business momentum: The international segment, led by the Tempur brand, delivered mid-single-digit sales growth on a reported basis and high single digits in constant currency. Management highlighted the success of new Tempur products and an expanded price range that increased distribution opportunities and market reach. Sealy Posturepedic launch progress: The comprehensive rebranding and rollout of the Sealy Posturepedic collection in North America was a major operational focus. Early locations showed encouraging results, and the product is expected to be widely available by Memorial Day, supported by a national advertising campaign. Mattress Firm integration and synergies: Somnigroup completed the first phase of integrating Mattress Firm, focusing on leadership alignment, cost reduction, and logistics optimization. The company increased its near-term synergy target for 2025 to $15 million and is leveraging Mattress Firm's home delivery network for enhanced operational efficiency. Tariff mitigation strategy: Facing new tariffs, Somnigroup acted to reduce exposure through supplier changes and cost-sharing arrangements. The remaining impact will be addressed by a 2% price increase in North America, effective in the third quarter, with management expecting the combination of actions to fully offset the tariff cost. Advertising and merchandising changes: Somnigroup is doubling down on advertising scale, aiming for more effective campaigns by aligning messaging and leveraging buying power. Mattress Firm is also expanding its assortment through new vendor partnerships and increasing the share of Tempur Sealy-manufactured products, including an expanded private label offering. Somnigroup's updated outlook centers on cautious U.S. consumer sentiment, cost pressures from tariffs, and the pace of synergy realization from the Mattress Firm acquisition. Consumer confidence uncertainty: Management attributed the lower guidance to a double-digit decline in U.S. consumer confidence, which it sees as the main determinant of short-term demand. While this index is considered highly volatile and policy-sensitive, any recovery in sentiment could improve sales trends. Tariff pass-through and cost management: The company expects to manage increased tariff-related costs by shifting suppliers and raising prices. While these actions are intended to neutralize the margin impact, there is a lag in implementation, leading to a temporary headwind in the second quarter. New product and marketing initiatives: The ongoing rollout of the Sealy Posturepedic collection and the reimagined Mattress Firm advertising campaign are expected to drive incremental demand in the second half. Management is also focused on merchandising changes and expanded vendor partnerships to enhance store traffic and average order value. In the coming quarters, the StockStory team will be watching (1) the pace of synergy realization and operational improvements following the Mattress Firm acquisition, (2) the market response to new product launches and expanded vendor partnerships, and (3) the effectiveness of tariff mitigation and price increase strategies. Progress on these fronts, as well as shifts in U.S. consumer confidence, will be key indicators of future performance. Somnigroup currently trades at a forward P/E ratio of 22.7×. Should you double down or take your chips? See for yourself in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. 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CNET
23-05-2025
- Business
- CNET
Memorial Day: Don't Snooze on These Mattress Firm Discounts of Up to $700
Memorial Day is just a few days away, and the deals are already coming in hot as we head into the weekend. Tech, appliances and services are on sale, but other major-ticket items are also available at a discount for the next days. This includes new mattresses that can help you feel more refreshed and even boost your overall health, as well as a slew of sleep accessories. If you're looking for a big brand but at a great price, then we recommend having a look at the Mattress Firm Memorial Day sale. You can save up to $700 on most mattresses on the site right now, thanks to some excellent deals. Plus, some of the mattresses come with an adjustable base for free. Mattress Firm is also offering flash deals that can help you save up to 73%. Mattress Firm isn't like a lot of the other bedding Memorial Day sales, because it's not a specific brand. This means that you can try and find a deal on one of your favorite brands of mattress, instead of just going with whatever the website sells. There's a lot of options on offer, including the likes of Tempur Pedic, Beauty Sleep and Serta, so check it all out. Mattress Firm is also offering extra discounts of up to 20% on select mattresses until May 27 when you use the coupon HOLIDAY at checkout. Keep in mind that this code only works during the overnight hours, between 9pm and 9am, so you might need to wait until bedtime to checkout. Hey, did you know? CNET Deals texts are free, easy and save you money. If you're in the market for a new mattress but need to hold on to as many dollars as possible, then check out this deal on Sleepy's basic foam mattress. You can grab one for as low as $90 when you use the coupon code LOWEST and pick up the mattress yourself. Note that getting the mattress delivered will disqualify you from getting this deal. Given the freedom on offer here, there can be no doubt that this is one of the best mattress deals going on right now. Make sure you really dig deep into the website to find the best possible mattress for your needs, and you'll sleep like a baby... if a baby actually slept well. Why this deal matters We all need to sleep, as it turns out, so being able to save a bit of money on a more comfortable way to do so isn't to be missed. There are a few good sleep sales on during the Memorial Day sales, but Mattress Firm does a wide range of options, rather than just its own products, which makes it good for those looking for brands. You can also save extra when you take advantage of Mattress Firm's flash deals.
Forbes
23-05-2025
- Business
- Forbes
Mattress Firm Sale: Save Up To 70% On Mattresses, Bedding And More
This article was created in partnership with Mattress Firm to share some of the best deals available during the retailer's Memorial Day Sale. Get up to 70% off select mattresses from top brands, get a queen mattress and adjustable base bundle for just $499.99 and save up to $150 on select bedding bundles. Memorial Day weekend is fast approaching, and with it comes the opportunity to upgrade your sleep setup for less. During the Mattress Firm sale, you can score discounts of up to 70% on mattresses from popular brands including Sealy, Serta, Beautyrest, Sleepy's and more, plus save on bedding and bases. Save up to 70% on mattresses from Sealy, Serta, Beautyrest, Sleepy's and more during the Mattress ... More Firm Memorial Day Sale. Snooze more soundly with the Serta Perfect Sleeper Sleep Excellence Plush Mattress (46% off), the Sleepy's By Sealy Memory Foam Firm Mattress (72% off) or the luxurious Beautyrest Black Series Three Plush Pillow Top Mattress (15% off). For a more comprehensive bedroom overhaul, take advantage of queen mattress and adjustable base bundles for just $499.99 and up to $150 off select bedding bundles (two pillows, a sheet set and a mattress protector). Below, check out some of the best deals to shop while the Mattress Firm Memorial Day Sale is in full swing. Mattress Firm If your current mattress has sagged over time, swap it for this Sleepy's By Sealy model crafted to resist body impressions. It blends individually wrapped coils and high-density memory foam to provide motion separation, pressure relief, support and spinal alignment. Plus, it's topped with a breathable stretch knit cover to help regulate your body temperature while you snooze. Mattress Firm With a GelFlex Grid layer designed to draw away heat, breathable edge-to-edge coils and an airy SoftFlex fabric surface, this medium-feel mattress is among the coolest in Purple's portfolio. It also cradles pressure points, delivers full-body support and adapts to your sleep position throughout the night, making it a great option if you're a combination sleeper or you tend to experience pain upon waking. Plus, get a free adjustable base with any Purple Restore mattress purchase now through June 3. Mattress Firm This plush mattress features three zones to deliver comfort where side sleepers need it most. It's constructed with individually wrapped coils for targeted support and motion isolation, as well as a layer of memory foam to hug your body, relieve aches and dissipate heat, all topped with a cool-to-the-touch antimicrobial cover. Mattress Firm Whether you're a side sleeper or you share the bed with a restless partner (or both), consider this top-of-the-line option from Beautyrest. It features triple-stranded pocketed coils that offer support and motion isolation, as well as responsive latex and nano coils for enhanced pressure relief. Plus, cooling diamond particle–infused foam and a plush pillow top provide added heat transfer and luxurious comfort. Mattress Firm This mattress is designed to help you sleep more soundly amid disruptions from a partner or pet, or any aches and pains you might be feeling. Ideal for back and stomach sleepers, it combines gel foam and support foam to isolate motion, relieve pressure and cradle your body. Plus, because it ships in a box, setup is simple as can be. Mattress Firm Designed with pressure relief in mind, this mattress includes 5 inches of foam for enhanced contouring, responsive back support and spinal alignment. It also features over 60% more cooling fibers than the Nectar Classic, as well as a breathable antimicrobial cover to draw away heat while you sleep. Mattress Firm This hybrid mattress has a firm feel designed for back and stomach sleepers, with a layer of pocketed coils for support and carbon foam for pressure relief. Added gel memory foam in the lumbar region lifts your back to prevent discomfort, while a cooling surface helps keep night sweats at bay. Mattress Firm This 11.5-inch hybrid combines foams and innersprings for optimal pressure relief, spinal alignment and airflow. While pocketed springs help isolate motion and prevent heat buildup within the mattress, five layers of gel memory foam contour the shoulders, back and hips, making this pick an excellent choice for all types of sleepers. Plus, 8-inch caliber edge support ensures ease getting in and out of bed. Mattress Firm This sheet set is made of silky lyocell and polyester to absorb moisture and keep you cool throughout the night. The fitted sheet comes with deep pockets and elastic bands to fit securely around mattresses up to 17.5 inches deep, as well as handy top and bottom labels for when it's time to change the sheets. Plus, antimicrobial properties help fend off bacteria, mold and mildew. Choose from gray, light blue and white colorways. Save $100 when you bundle two Sleepy's Signature Pillows, a Sleepy's Signature mattress protector and a Sleepy's Signature sheet set and use code SIGNATURE. Mattress Firm Designed for all sleep styles, this pillow combines a mix of hypoallergenic fiberfill and cut memory foam to cradle the head, neck and shoulders. It also features a machine-washable charcoal cover for drawing heat and moisture away from the body. Choose from queen and king sizes as well as low, medium and high profiles to match your preferred loft. Save $150 when you bundle two Sleepy's Deluxe Pillows, a Sleepy's Deluxe Mattress Protector and a Sleepy's Deluxe Sheet Set and use code DELUXE. Mattress Firm Customize your in-bed experience with this adjustable base, now free with the purchase of select mattresses (including the Sleepy's Basic Hybrid Mattress) when you use code ELEVATE at checkout. Use the included remote to lay the head flat, or raise it to help reduce snoring and ensure comfort while you're reading or watching TV. Plus, a reinforced steel grid and retainer bar helps to keep your mattress from sliding during adjustment. Mattress Firm While this model allows you to elevate the head, you can also lift and lower the foot to find your ideal sleep or relaxation position. Plus, three stackable leg options give you the option to set the height of the frame from 2 to 13 inches. Use code ELEVATE to save up to $499 when you pair this base with select mattresses. Mattress Firm For a truly elevated sleep experience, consider this top-of-the-line base with an adjustable foot and head, zero-gravity and anti-snore presets, and massage settings to ease aches and pains. Adjust the wood-finished legs to your preferred height and set under-bed LED lights to your favorite color for ambience and to help with middle-of-the-night navigation. Plus, you can control the base through a Wi-Fi-enabled touchscreen tablet with voice command. Many mattress retailers have Memorial Day sales, making May a great time to take home a new bed at a discount. During Mattress Firm's Memorial Day Sale, you can save up to 70% on select mattresses from top brands like Sealy, Serta, Beautyrest, Sleepy's and more. You can also find deals at Mattress Firm during its Labor Day Sale at the end of the summer and on Black Friday and Cyber Monday in November.
Fox News
22-05-2025
- Business
- Fox News
Mattress Firm Memorial Day sale: Save up to 70% on top sleep brands
Mattress Firm has kicked off its Memorial Day Sale early, offering significant savings on mattresses, pillows, bedding and more. This limited-time sale runs from April 30 through June 10, making it the perfect opportunity to upgrade your bedding for comfort, cooling or convenience. The Memorial Day savings include up to $700 off select mattresses from top brands like Sealy, Serta, Sleepy's and Beautyrest. These are not just any mattresses, but ones that promise quality sleep and comfort. Some mattress purchases are even eligible for a free adjustable base valued up to $499.99. The retailer also offers discounts of up to $150 on bundle purchases of pillows, mattress protectors and sheet sets, ensuring you get everything you need for a good night's sleep. If you are looking for some other sleep solutions, you can try melting away sleep-anxiety with the help of these 10 sleep accessories. Or these five trending supplements to help you get that recommended seven to nine hours of shut-eye nightly. Mattress Firm offers customers a 120-night Sleep Trial. This means that if, after 120 nights, you find that your mattress isn't the right fit, Mattress Firm will pick it up and help find a suitable replacement. Here are some great deals to consider: Original price: $1,999.99 Sleepy's by Sealy Slumber Medium Mattress is great if you need pressure relief and all-night comfort. This mattress combines medium support with Sealy's trusted quality. This mattress features five layers of gel foam for enhanced pressure relief, ultra-responsive support, spinal alignment and reduced motion transfer. These additional layers also help regulate your body temperature throughout the night so you can sleep more comfortably. Original price: $1,499 Serta iComfort Aveda 12-inch Medium Mattress is an excellent investment for sleepers who want a medium-firm memory foam mattress with full-body alignment and pressure relief. This mattress features five support zones, cool-to-the-touch fabric and graphite-infused memory foam for a comfortable, cooling sleep. The mattress also incorporates motion control to minimize the impact of a partner's movement. Original price: $1,299.99 Sleepy's Hybrid Firm Mattress is the perfect balance of comfort and firm support with hybrid technology designed to cradle your body while keeping you cool. It features gel-infused memory foam for pressure relief and a pocketed coil system for support, all within a firm construction. The mattress is designed to be breathable and cool, with a stretch-knit cover and cooling gel foams. Original price: $1,499 The Nectar Premier 13-inch Memory Foam Mattress is medium-firm and a great choice if you want pressure relief, cooling capabilities and comfort. The mattress is gel-infused and soothing, with a quilted cover for enhanced cooling. This mattress is also known for its strong motion isolation, making it a good choice for couples. Original price: $1,699.99 Sleepy's By Sealy Hybrid HD Firm Mattress is designed with Anti-Sag technology using patented high-density memory foam. The foam is paired with supportive and durable individually-wrapped coils for an overall longer-lasting mattress that delivers enhanced support and pressure relief. Plus, if you buy this mattress in queen or king-size, you get an adjustable bed frame added in for free when you use the code ELEVATE. Original price: $999.99 Beautyrest Greenwood 10.5-inch Firm Mattress has firm support and a sleek profile and is a perfect choice for those who love a solid, sleep-on-top feel. The mattress is designed with individually-wrapped coils that contour your body with great support where you need it. This mattress shifts with you as you move in your sleep. The mattress's top layer is infused with a natural fiber that helps wick away heat and moisture. Original price: $4.095 Purple RestorePremier Cool Touch 13-inch hybrid mattress combines foam, coils, and Purple's proprietary GelFlex Grid. It's designed for cooling, pressure relief and support, and it's known for its unique GelFlex Grid, which adapts to the body's shape. The cover uses a material that feels cool to the touch, helping to keep you comfortable. Plus, this mattress features a base of coils that support and help dissipate heat. The combination of the cover material and these coils helps keep you cool while you sleep. Save $50 when you buy two of Sleepy's Memory Foam Pillows as part of Mattress Firm's bundle-and-save offer. The pillow is designed to adapt to your head and neck and provides contouring support for a restful night's sleep. Its soft, breathable, quilted cover creates a smooth sleeping surface. Original price: $249.99 Sleepy's four-inch Reversible Gel Memory Foam Topper will instantly upgrade your current mattress. This plush, gel-infused topper is the perfect solution for an aging mattress and adds a cooling factor that will keep you sleeping comfortably for longer. The reversible topper also features a non-slip, cool-to-touch and antimicrobial cover that can be removed and washed. For more Deals, visit Sleepy's Deluxe Charcoal Cool Pillow combines fiber fill and memory foam with a charcoal-infused cover to draw away heat, moisture, and odors. The pillow is also hypoallergenic and available in different profiles to accommodate various sleep positions. Buy two deluxe charcoal cool pillows and save $150 using the code DELUXE.
USA Today
21-05-2025
- Business
- USA Today
The Mattress Firm Memorial Day sale has up to 72% off! Shop Tempur-Pedic, Sleepy's, Beautyrest
The Mattress Firm Memorial Day sale has up to 72% off! Shop Tempur-Pedic, Sleepy's, Beautyrest Save up to 72% this May. Queen size mattresses start at just $149.99 for a limited time only. Need to buy a new mattress? Now is the time! The Mattress Firm Memorial Day sale has some exclusive summer deals now through Tuesday, May 27. During the mattress sale, you can score impressive discounts of up to 72% on all sorts of top-rated mattress brands. Whether you prefer a luxurious memory foam mattress, a supportive innerspring bed or a versatile hybrid option, Mattress Firm has sitewide savings with queen mattresses starting as low as $149.99. This summer mattress sale features Memorial Day discounts on Tempur-Pedic, Tulo, Sealy, Serta, Beautyrest and more popular mattress brands. Below, we've highlighted a few of the must-shop deals available at Mattress Firm for a limited time only. 💤Early Memorial Day mattress sales: Don't sleep through the best sales at Tempur-Pedic, DreamCloud, Saatva Shop the Mattress Firm Memorial Day sale Shop the best Mattress Firm Memorial Day deals ➤Get a free adjustable base with $599 or more queen mattress purchases or $699 or more king mattress purchases. Use coupon code ELEVATE at checkout. Shop the Mattress Firm sale More: Get a DreamCloud mattress for $649 at this early Memorial Day sale ⏰ What is Mattress Firm's 120-Night Sleep Trial? Mattress Firm prides itself on match customers with the perfect mattress. The retailer offers a 120-Night Sleep Trial where shoppers can take their new mattress home and sleep on it for 120 nights. If it's not the perfect fit, Mattress Firm will pick it up and pair you with a new one. What brands does Mattress Firm carry? Mattress Firm carries a number of top-quality brands, including Beautyrest, Tempur-Pedic, Sealy, Stearns & Foster, Sleepy's, Nectar, Lull, Purple and Serta. More: Get up to $600 off resort-worthy Saatva mattresses with free white glove delivery When is Memorial Day 2025? Memorial Day 2025 is observed on Monday, May 26.
