Tempur Sealy backs FY24 adjusted EPS $2.60-$2.90, consensus $2.35

Backs FY24 revenue view low to mid-single digit growth, consensus $4.66B. The company said, “For the full year 2024, the Company reaffirmed its expectations for an adjusted EPS(1) range of $2.60 to $2.90. This contemplates the Company’s current sales outlook for low to mid-single digit year-over-year growth. At the midpoint, this adjusted EPS(1) guidance represents a 15 percent increase from the prior year. The Company noted that its expectations are based on information available at the time of this release, and are subject to changing conditions and risks, many of which are outside the Company’s control. The Company is unable to reconcile forward-looking adjusted EPS, a non-GAAP financial measure, to EPS, its most directly comparable forward-looking GAAP financial measure, without unreasonable efforts, because the Company is currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact EPS in 2024.”