Sealy Swings to 2Q Profit on Lower Costs

June 27, 2012  by in UnCategorized   

By Aggregated Content in Bedding on June 28, 2012 from http://www.cnbc.com/id/47969099?__source=RSS*tag*&par=RSS

Sealy Corp. on Tuesday reported a profit for its second quarter with help from new products and lower costs.

The mattress maker earned $1.7 million, or 2 cents per share, for the period that ended May 27. That compares with a loss of $377,000 a year ago. Sealy's revenue slipped to $312 million from $321.3 million. Its U.S. revenue fell 5 percent, but its average selling price increased on price increases and new products.

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