Tempur Sealy International: Confident On Growth Recovery And Margin Expansion [Seeking Alpha]
Tempur Sealy International, Inc. (TPX)
Last tempur sealy international, inc. earnings: 4/30 06:37 am
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US:NYSE Investor Relations:
investor.tempursealy.com/investor-relations
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Source: Seeking Alpha
The industry volume appears to be turning, and TPX's growth initiatives and increased advertising spend should support strong growth in FY24. Margin expansion is anticipated in FY24 due to stable costs, high incremental margins from new distribution wins, and increased volume. Summary Following my coverage of Tempur Sealy International ( NYSE: TPX ), in which I reiterated my buy rating as I expected TPX company-specific initiatives to drive position results over the coming quarters, this post is to provide an update on my thoughts on the business and stock. I will continue to stay long on TPX as I have become more confident in both the revenue and margin performance ahead. The cycle appears to be turning in favor of TPX, which, coupled with the progress in growth initiatives and the step-up in marketing spend, should drive growth. FY24 should also be a year of margin expansion, as the headwinds seen in FY23 ease or go away and TPX enjoys operating leverage from higher volume.
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TPX
News
- The London Company Small Cap Strategy Trimmed Tempur Sealy International (TPX) in Q1 [Yahoo! Finance]Yahoo! Finance
- Ashley Home Store announces new social initiatives in 2024 [Yahoo! Finance]Yahoo! Finance
- Insights Into Tempur Sealy (TPX) Q1: Wall Street Projections for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Ashley Global Retail Honors Military and First Responders, Advances Medical Research, and Uplifts Community in “Beyond Home Promise” Initiative [Yahoo! Finance]Yahoo! Finance
- Tempur Sealy International, Inc. (NYSE: TPX) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $66.00 price target on the stock.MarketBeat
TPX
Earnings
- 2/8/24 - Miss
TPX
Sec Filings
- 3/27/24 - Form DEFA14A
- 3/27/24 - Form DEF
- 3/12/24 - Form 8-K
- TPX's page on the SEC website