Sealy Posts 1Q Profit

March 26, 2012  by in UnCategorized   

By Aggregated Content in Bedding on March 27, 2012 from http://www.enquirerherald.com/2012/03/27/1863252/sealy-posts-1q-profit-and-shares.html

Mattress company Sealy Corp. said Tuesday it turned a profit in the fiscal first quarter on gains from a new, expensive mattress line, and its stock climbed in aftermarket trading.

Sealy said it earned $1.2 million, or a penny per share, over the three months ended Feb. 26. A year ago the company lost $902,000, or a penny per share, as it spent more on product launches and advertising, and took losses from discontinued businesses in Europe and Brazil.

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