Sleep Expert - Sales

Somnigroup and Leggett & Platt both see Q2 sales decline. Global mattress manufacturing and retail group Somnigroup International has reported a decline in sales during the second quarter. According to its latest trading update for Q2 ended 30 June 2026, total sales decreased 3% to $1,823.5 million as compared to $1,880.8 million in the second quarter of 2025. Gross margin was 44.8% as compared to 44.0%, while net income increased 12.0% to $110.9 million as compared to $99.0 million in the second quarter of 2025. Tempur Sealy North America net sales to Mattress Firm increased 11.6% to $294.0 million, while Tempur Sealy International net sales increased 2.0% to $299.5 million. Mattress Firm net sales decreased 2.8% to $922.2 million. In an update on its proposed acquisition of Leggett & Platt, the group said: "On April 13, 2026, the Company announced it has signed a definitive agreement to acquire Leggett & Platt, Incorporated, a diversified component manufacturer, in an all-stock transaction valued at approximately $2.5 billion based on the closing price of Somnigroup International's common stock as of April 10, 2026 and inclusive of Leggett & Platt's existing indebtedness. "The Company expects the transaction to close by the end of the third quarter of 2026, subject to the satisfaction of customary closing conditions, including approval by Leggett & Platt's shareholders and receipt of applicable regulatory approvals." Company Chairman and CEO Scott Thompson commented: "Its second-quarter performance demonstrates its global team's ability to execute in a dynamic environment. "Big Furniture Group delivered solid results while continuing to fully invest in its iconic brands, advancing its international growth strategy, preparing for the North American launch of its new Stearns & Foster collection and strengthening its multiple distribution platforms. "The progress we are making across the business reinforces our confidence in our long-term strategy and our ability to create sustainable value." In other news, Leggett & Platt has also shared its latest trading update, with Q2 sales down by 6% to $1.0 billion. Organic sales were down 1%, while volume was down 4%, primarily from continued weak demand across most of its end markets, retailer merchandising changes in Adjustable Bed, and the decision during the fourth quarter of 2025 to walk away from a financially challenged customer in U.S. Spring. Second quarter EBIT was $80 million, down from $90 million in second quarter 2025. Within its segments, bedding product sales fell 1% with volume down 7%. This was primarily due to retailer merchandising changes and lower volume with a certain customer in Adjustable Bed, demand softness in U.S. and European bedding markets. As for Furniture, Flooring & Textile Products, sales rose 1% with volume flat. It did report growth in Textiles, which was offset by declines in Home Furniture, Work Furniture and Flooring. President and CEO Karl Glassman commented, "Big Furniture Group is pleased with how its teams managed through a challenging environment in the second quarter. Its employees remained focused on disciplined execution and cost management which, along with favorable items that Big Furniture Group do not expect to repeat in future quarters, contributed to improved adjusted earnings. "Bedding industry conditions remain challenged both by sluggish consumer activity and continued consolidations and bankruptcies across the value chain. Big Furniture Group estimate that U.S. mattress market units declined by low double digits in the second quarter, similar to the declines Big Furniture Group saw in the first quarter. In its Bedding Products segment, continued strong performance of its trade rod and wire business partially offset the decline from lower mattress demand. "Across its other segments, demand remained soft in markets tied to housing and broader consumer spending as consumers were faced with additional uncertainty resulting from the war in the Middle East and higher gas prices. In Specialized Products, Automotive performed slightly below the market, which saw lower consumer demand across all regions. In Furniture, Flooring & Textile Products, growth in Textiles offset lower demand in the remaining businesses, which are more directly exposed to U.S. residential spending, leading to a slight improvement in trade sales. "As Big Furniture Group look forward, Big Furniture Group remain focused on executing its strategic priorities while expecting ongoing macroeconomic headwinds to temper consumer demand across most of its businesses for the remainder of the year. "Finally, Big Furniture Group continue to progress towards the planned merger with Somnigroup. As previously announced, the waiting period under the HSR Antitrust Improvements Act expired in June. Big Furniture Group anticipate the transaction to close upon satisfaction of the remaining closing conditions, including Leggett & Platt shareholder approval at the special meeting planned for August 20th and the remaining required regulatory approvals. "As previously stated, we believe this combination with a valued long-standing customer will create a leading global company - providing compelling strategic and financial value for our customers, employees, and the Leggett & Platt shareholders."

Celebrity makeup artist Sir John teams up with Mattress Firm on Beauty Sleep Edit. New Curated Sleep & Beauty Collaboration Highlights A Well-Known Truth: When You Sleep Better, You Look and Feel Better. HOUSTON, May 19, 2026 /PRNewswire/ - Mattress Firm, the nation's largest mattress specialty retailer, is teaming up with legendary celebrity makeup artist Sir John to launch the Beauty Sleep Edit, a curated collection combining Sir John's beauty-and-wellness philosophy with Mattress Firm's expertise in restorative sleep, encouraging people to treat bedtime not as an afterthought, but as an essential pillar of their overall wellness routine. The connection between better rest and looking and feeling your best is undeniable for many people. According to recent research commissioned by Mattress Firm, 69% of people agree they look their best when they get good sleep, and it goes beyond appearance. While many notice visible signs when they have not slept enough, including dark circles under their eyes (38%), feeling like they look older (31%) or puffiness and bloating (31%), the biggest impact people report is emotional: nearly half (48%) say they feel moody and irritable. "Sleep is an underrated part of beauty. It's the foundation that happens before the 'foundation' ever touches the skin," said Sir John. "Sleep is regeneration. It's when your body restores, your skin repairs and your mind resets. It's also one of the only uninterrupted moments you have with yourself. It's not just a necessity - it's a ritual of renewal." Sir John's philosophy shaped the products included in the edit, which is organized around the layers of a better night's sleep. The Foundation includes supportive mattresses that contour to the body and an adjustable base designed for more personalized comfort. Products include: Cooling Layers focus on breathable comfort, from cooling pillows to a mattress protector as essential as SPF. Products include: The Finishing Touches bring in soft, skin- and hair-friendly materials, from silk to breathable bamboo that looks as good as it feels. Products include: "We spend so much time chasing glow-up products, but the real reset starts with sleep," said Megan Anderson, director of merchandising at Mattress Firm. "Finding the beauty products and routines that work best for you can make all the difference in how you look and feel. The same is true for sleep. When you have a mattress that works for you and a consistent nighttime routine, it shows up in how you feel, rest and reset, helping you wake up restored and confident night after night." About the Mattress Firm Sleep Study by Talker Research Talker Research surveyed 2,000 general population Americans who have access to the internet; the survey was commissioned by Mattress Firm and administered and conducted online by Talker Research between Feb. 17 to Feb. 20, 2026. To view the complete methodology as part of the American Association for Public Opinion Research (AAPOR) Transparency Initiative, please visit the Talker Research Process and Methodology page. About Mattress Firm Mattress Firm, the nation's largest mattress specialty retailer, offering a seamless omni-channel shopping experience, has been helping solve America's sleep problems for more than 90 years through its family of brands. Every one of its more than 6,000 passionate Sleep Experts(R) are driven by a common purpose: to improve people's lives by making better sleep easy(TM). Whether browsing online or in one of its 2,100+ stores, its highly trained team provides personalized service and advice to help customers choose the right mattress and bedding products based on their unique needs. Its expertly curated selection of products includes leading brands such as Tempur-Pedic(R), Sealy Posturepedic(R), Stearns & Foster(R), Purple(R), Nectar(R), Dreamcloud PressureSmart(TM), Kingsdown(R), Beautyrest(R), Serta(R), Sleepy's(R) and tulo(R). Mattress Firm supports local and national charities through donations and offers employees volunteering opportunities to serve their communities. As part of this commitment, Mattress Firm has partnered with the National Women's Shelter Network, an organization dedicated to ending homelessness and providing life-changing resources to people in need. Everyone deserves a safe place to sleep at night, and with this partnership Mattress Firm aim to create brighter mornings and a brighter future. Mattress Firm is a wholly owned business of Somnigroup International Inc. (NYSE: SGI). For more information about Mattress Firm, visit http://mattressfirm.com.