Sequential Sales Improvement
Consolidated net sales for the second quarter were $53.2 million, a sequential improvement from the first quarter sales of $50.7 million, despite having one less week than the first quarter.
Bedding Segment Growth
Sales for the bedding segment were $30.8 million, up approximately 10% sequentially from the first quarter and over 2% compared to the prior year period, indicating market share gains.
Cost Savings and Efficiency Gains
The company expects a total of over $20 million in annualized cost savings and enhancements from restructuring and integration initiatives by fiscal year '27.
Improved Free Cash Flow
Free cash flow was breakeven at $10,000, improving from negative $3.4 million in the prior year period.