Simmons Reports Record-Breaking Quarter

May 15, 2007  by in UnCategorized   

By Home Furnishings Business in Mattresses on May 2007 Atlanta-based Simmons reported Tuesday that net sales in its first quarter increased 13.4 percent to a record $267.4 million.

The company reported $4.4 million in net income, which was down from $6.4 million during the same period of 2006. Simmons said financial results for the quarter included about $11 million in costs related to the rollout of the company’s new Beautyrest product line.

Simmons Chairman and CEO Charlie Eitel said, “The strong sales momentum we had in 2006 continued into the first quarter of 2007, resulting in a new first quarter sales record for Simmons. The roll out of our new 2007 Beautyrest product line, which is being well received by dealers and consumers alike, (began) in our first quarter and will be completed by early June.”