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Fly News Breaks for August 1, 2017
TPX
Aug 1, 2017 | 09:09 EDT
After meeting with Tempur Sealy's (TPX) management, Wedbush analyst Seth Basham says that trends at the company are improving. The analyst says that the company's retail partners are filling the void left by Mattress Firm (MFRM). He reports that Tempur Sealy "is confident" that its sales growth at stores other than Mattress Firm will accelerate in 2H17, while Tempur-Pedic's gross margins will continue to rise year-over-year. He is "encouraged" by developments at the company.
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