Tempur-Pedic Sales Going Down?
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Maybe it’s a reflection of the current state of the economy today, even Tempur-Pedic mattress sales are sagging….
According to a report from Forbes, the financial magazine which was able to get in touch with the luxury mattress company, this has been rather expected:
Although the first quarter isn’t quite over, sales thus far have been less than stellar due to a downturn in consumer spending. The company now expects high single-digit percentage decrease in sales for the quarter as compared to the year prior. Tempur-Pedic also expects its earnings per share price for the quarter to be about half that of the same quarter of 2007, which came in at 35 cents per share. Analysts polled by Thomson Financial had expected 44 cents per share. The company will announce its first-quarter results in April.
More of this news here.
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