Bedding maker Sealy Corp. (ZZ) Tuesday reported second-quarter net income of $1.7 million or $0.02 per share, compared to a loss of $0.4 million or breakeven per share last year.
Net income from continuing operations for the quarter improved to $2.8 million or $0.03 per share from $0.8 million or $0.01 per share in the prior year quarter.
On average, seven analysts polled by Thomson Reuters expected the company to post breakeven per share for the quarter. Analysts' estimates typically exclude one-time items.
Net sales for the quarter declined 2.9 percent to $312.0 million from $321.3 million last year. Analysts estimated sales of $311.85 million for the quarter.
Gross margins for the quarter advanced 1.8 percentage points to 40.7 percent.
Chief Executive Larry Rogers said, "Our increased gross margin and adjusted EBITDA performance for the quarter were driven by the successful rollout of our Next Generation Stearns & Foster line, and our strategic commitment to driving profitable sales."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.