Tempur Sealy reported Q4’20 revenues which climbed 21.3% year over year, outperforming analysts’ expectation by 7.0 percentage points. While the firm kept up with demand the firm continues “to face supply chain issues” according to CEO Scott Thompson but “expects these constraints to mitigate significantly by early second quarter”. Despite the constraints, U.S. seaborne imports linked to the firm climbed 39.0% year over year in Q4’20 before rising by a further 29.0% in January. Tempur’s competitors face increasing tariffs on imports from seven countries including China. Total U.S. import...
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