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Somnigroup Extends CEO Scott Thompson’s Contract

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Somnigroup Extends CEO Scott Thompson’s Contract

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Somnigroup International ( (SGI) ) has shared an update.

On June 23, 2025, Somnigroup International extended Scott Thompson’s employment contract as Chairman, CEO, and President to December 31, 2029, recognizing his leadership in increasing the company’s share price by over 250% since 2015. Thompson was awarded a $10 million bonus for his role in acquiring Mattress Firm and granted 1.2 million stock options, reflecting the company’s confidence in his ability to guide Somnigroup through future growth and opportunities.

The most recent analyst rating on (SGI) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Somnigroup International stock, see the SGI Stock Forecast page.

Spark’s Take on SGI Stock

According to Spark, TipRanks’ AI Analyst, SGI is a Outperform.

Somnigroup International demonstrates strong financial performance and technical momentum, but is tempered by valuation concerns due to high P/E ratio. Positive corporate events and a mixed earnings call sentiment further influence the score.

To see Spark’s full report on SGI stock, click here.

More about Somnigroup International

Somnigroup International Inc. is the world’s largest bedding company, focusing on improving sleep quality through innovative solutions. The company operates in design, manufacturing, distribution, and retail, serving over 100 countries with renowned brands like Tempur-Pedic, Sealy, and Sleepy’s, and has a strong global omni-channel presence.

Average Trading Volume: 3,408,813

Technical Sentiment Signal: Buy

Current Market Cap: $13.62B

See more insights into SGI stock on TipRanks’ Stock Analysis page.

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