TPX has earning after close today. If they are good it might be a sign people are starting to spend again.
correction...TPX Tempur-Pedic to Announce Third Quarter 2010 Financial Results on October 19 after close they have been acting pretty well going into them
My take on the bed is that people with back problems might don't like it. At least I had to switch back to a harder, firmer mattress, because it gave more support for my herniated discs. Hey anyone want a queen size mattress??
i know people who had back problems for years and bought an TPX bed and they sware that it cured there back aches.. alot of peaple really love the beds however they are expensive i dont know if its a good stock to own when money is tight
Costco supposedly has a memory foam mattress that is comparable to Tempur-Pedic, but at 1/3rd the cost. I think a King was around $1,000. I do not own one, but have looked at 100 or so reviews, most of them very positive. From my research, it's the closest thing to a TP out there today.
earnings seem good but stock is doing nothing Reports Sales Up 32% and EPS Up 82% at $0.62 Gross Margin Up 340 Basis Points to 51.0% and Operating Margin Up 400 Basis Points to 23.0% Raises Financial Guidance for 2010 Expands Share Repurchase Authorization to $150 Million Tempur-Pedic International Inc. (NYSE:TPX - News), the leading manufacturer, marketer and distributor of premium mattresses and pillows worldwide, today announced financial results for the third quarter ended September 30, 2010. The Company also increased full year 2010 financial guidance and expanded its share repurchase authorization. Financial Summary Earnings per share (EPS) were $0.62 per diluted share in the third quarter of 2010 as compared to $0.34 per diluted share in the third quarter of 2009. The Company reported net income of $44.2 million for the third quarter of 2010 as compared to $25.7 million in the third quarter of 2009. Net sales increased 32% to $295.8 million in the third quarter of 2010 from $224.1 million in the third quarter of 2009. On a constant currency basis, net sales increased 34%. Net sales in the North American segment increased 47%, while International segment net sales increased 4%. On a constant currency basis, International segment net sales increased 11%. Mattress sales increased 33% globally. Mattress sales increased 46% in the North American segment and 3% in the International segment. On a constant currency basis, International mattress sales increased 10%. Pillow sales increased 20% globally. Pillow sales increased 39% in North America and 3% internationally. On a constant currency basis, International pillow sales increased 7%. Other product sales increased 37% globally. Other product sales increased 52% in North America and 8% internationally. On a constant currency basis, International other product sales increased 15%. Gross profit margin was 51.0% as compared to 47.6% in the third quarter of 2009. The gross profit margin increased as a result of fixed cost leverage, improved efficiencies in manufacturing, and favorable product and channel mix, partially offset by higher commodity costs and geographic mix. Operating profit margin was 23.0% as compared to 19.0% in the third quarter of 2009. The increase was driven by gross profit margin and operating expense leverage. The Company generated $71.9 million of operating cash flow as compared to $55.0 million in the third quarter of 2009. Chief Executive Officer Mark Sarvary commented, "We are pleased with the market share gains and the sales and earnings growth we have achieved in the third quarter. Throughout 2010 we have grown sales and profit while improving our competitive position - strengthening our product line, improving the effectiveness of our marketing and increasing our margins. We continue to project considerable potential for growth for Tempur-Pedic over the coming years, and over the coming quarters we will invest to capitalize on this opportunity." Share Repurchase Program During the third quarter of 2010, the Company purchased 1.8 million shares of its common stock at an average price of $27.57 for a total cost of $50.0 million. During the first three quarters of 2010, the Company purchased 8.5 million shares of its common stock at an average price of $29.41 for a total cost of $250.0 million. The Company announced that the Board of Directors had expanded the Company's existing share repurchase program by $50.0 million for a total authorization of up to $150.0 million. Reflecting share repurchases made during the third quarter, the Company currently has $100.0 million remaining under this authorization. Stock repurchases may be made through open market transactions, negotiated purchases or otherwise, at times and in such amounts as management and a committee of the Board deem appropriate. The timing and actual number of shares repurchased will depend on a variety of factors including price, financing and regulatory requirements and other market conditions. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The share repurchase program may be limited, suspended or terminated at any time without prior notice. Financial Guidance The Company increased its full year 2010 guidance for net sales and earnings per share. It currently expects net sales for 2010 to range from $1.095 billion to $1.115 billion. It currently expects EPS for 2010 to range from $2.05 to $2.10 per diluted share. The Company noted its expectations are based on information available at the time of this release, and are subject to changing conditions, many of which are outside the Company's control. The Company noted its EPS guidance does not assume any benefit from a potential additional reduction in shares outstanding related to its repurchas
well after earnings there was a little drop but its been going straight up ever since... i am gonna buy one of there beds right now i am loving this stock