Brief: Tempur Sealy Expands Global Retail Distribution Network

Beter Bed Holding NV

18/06/2019 12:58

June 18 (Reuters) - Tempur Sealy International Inc  TPX.N :
    * TEMPUR SEALY EXPANDS GLOBAL RETAIL DISTRIBUTION NETWORK
    * TEMPUR SEALY - ADDITIONAL NET SALES FROM THREE SUPPLY
AGREEMENTS
ARE EXPECTED TO BE IN EXCESS OF $400 MILLION ON AN ANNUAL RUN
RATE BASIS
    * TEMPUR SEALY - ENTERED INTO A SUPPLY AGREEMENT WITH
MATTRESS
FIRM INC
    * TEMPUR SEALY - IMPACT OF EXPANSION ON REVIOUSLY ANNOUNCED
ADJUSTED EBITDA GUIDANCE FOR 2019 IS NOT EXPECTED TO BE MATERIAL
    * TEMPUR SEALY - ANNOUNCED RECENT EXPANSION IN ITS LONG-TERM
SUPPLY AGREEMENT WITH BIG LOTS, INC
    * TEMPUR SEALY - SEALY'S LAUNCH OF NEW PRODUCTS WITH BIG
LOTS IS
EXPECTED TO BE COMPLETE BY YEAR END 2019
    * TEMPUR SEALY - REINTRODUCTION OF PRODUCTS INTO MATTRESS
FIRM
STORES EXPECTED TO COMMENCE IN Q4 2019 & COMPLETED EARLY IN Q1
2020
    * TEMPUR SEALY - INITIAL ESTIMATE OF INCREMENTAL ANNUAL
ADJUSTED
EBITDA BENEFIT FROM EXPANSIONS IN RANGE OF $75 MILLION TO $100
MILLION BEGINNING IN 2020.
    * TEMPUR SEALY - LAUNCH OF NEW PRODUCTS WITH BETER BED
HOLDING
EXPECTED TO BE COMPLETE BY END OF 2019, & INITIALLY WILL INCLUDE
OVER 100 STORES
    * TEMPUR SEALY - SIGNS NEW LONG-TERM SUPPLY AGREEMENTS WITH
MATTRESS FIRM, BIG LOTS IN U.S. & BETER BED HOLDING IN EUROPE

Source text for Eikon:  ID:nPnc1hMnza 
Further company coverage:  TPX.N 

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