From Home Furnishing Business
Not Resting Easy, Sealy Reports Strong Unit Growth
By Home Furnishings Business in Bedding on April 2007
Trinity, N.C.-based Sealy Corporation, the worlds biggest bedding manufacturer, announced Wednesday that net sales for the companys first quarter increased 4.3 percent to $412 million thanks to a 12.2 percent increase in units.
Sealys average unit selling price declined, but the company saw its net income for the first quarter increase 7.2 percent to $24.6 million.
As we anticipated and communicated over the past few quarters, the momentum in domestic volume that has been building continued during the first quarter as unit growth turned positive, due primarily to strength in our promotional and specialty product lines, said David J. McIlquham, Sealys Chairman and CEO. We are also pleased with the ongoing superior performance in our international markets as we build demand for our brands around the world.