Global mattress manufacturing and retail group Somnigroup International has reported a growth in sales during the second quarter.
According to its latest trading update for Q2 ended 30 June 2025, total sales increased 52.5% to $1,880.8 million as compared to $1,233.6 million in the second quarter of 2024.
This was primarily driven by the inclusion of $948.8 million of Mattress Firm sales, offset by the accounting elimination of $263.5 million of sales from the Tempur Sealy North America segment to the Mattress Firm segment.
Tempur Sealy North America net sales were impacted by the accounting elimination of $263.5 million of sales to Mattress Firm for the period. Net sales decreased $340.0 million to $638.4 million as compared to $978.4 million in the second quarter of 2024.
Tempur Sealy International net sales increased a robust 15.0% to $293.6 million as compared to $255.2 million in the second quarter of 2024, primarily driven by the success of new product launches.
Gross margin was 44.0% as compared to 42.0% in the second quarter of 2024. Net income decreased 6.7% to $99.0 million as compared to $106.1 million in the second quarter of 2024.
Company Chairman and CEO Scott Thompson commented: “We are pleased to report another solid quarter of market outperformance, driven by the successful combination with Mattress Firm, the North American launch of our new Sealy line, and another quarter of robust sales growth for our international business. We have made significant progress on bringing Mattress Firm into Somnigroup. Teams are aligned and we are realizing both cost and sales synergies ahead of our purchase assumptions.
“Across both our domestic and international businesses, we have strengthened our competitive position by leveraging the Company’s core strengths – our exceptional people, powerful brands, expansive distribution network, best in class operational agility and robust manufacturing capabilities. We are delivering for all of our stakeholders, employees, customers, suppliers and shareholders.”
