Simmons Sales See 20 Percent Bounce

November 13, 2007  by in UnCategorized   

By Home Furnishings Business in Mattresses on November 2007 Atlanta-based Simmons announced Tuesday that sales in the company’s third quarter increased 20.1 percent to $312 million. Net income was $12.3 million, up from $10.4 million from the same period in 2006.

For the first nine months of 2007, net sales rose 16.3 percent to $857.3 million. “The strong sales momentum we have experienced over the last six quarters continued into the third quarter of 2007, with the third quarter being the seventh successive quarter our sales growth in the U.S. exceeded that reported by ISPA for the industry,” said Chairman and CEO Charlie Eitel. “In the third quarter and first nine months of this year, our business operated at record sales despite a very competitive sales environment.”