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Somnigroup International (SGI)
NYSE:SGI
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.52Last Year’s EPS
0.63Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 5.11%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. The company showed strong performance in international markets, successful product launches, and progress on synergy initiatives. However, these were counterbalanced by declines in North American sales, challenges in the U.S. bedding market, and revised earnings guidance due to macroeconomic pressures.Company Guidance
During the Somnigroup First Quarter 2025 Earnings Call, several key metrics were highlighted regarding the company's guidance. The company reported net sales of approximately $1.6 billion and an adjusted earnings per share (EPS) of $0.49 for the first quarter. Despite the challenges faced during the President's Day holiday period and declining U.S. consumer confidence, Somnigroup's performance remained robust in the international market, with mid-single-digit sales growth. The company outperformed the U.S. bedding market, which was reportedly down by high single digits. Somnigroup revised its 2025 guidance, forecasting adjusted EPS to range between $2.30 and $2.65 with sales expected to be between $7.3 billion and $7.5 billion after intercompany eliminations. The guidance reflects a lower U.S. bedding industry outlook, anticipating a mid-single-digit decline in 2025, with slight improvements expected in the second half. Additionally, Somnigroup plans to achieve at least $100 million in annual run rate synergies by 2028, with $15 million anticipated in 2025, following the acquisition of Mattress Firm. Tariffs are expected to impact approximately $750 million of the company's cost of goods sold, potentially resulting in $120 million of incremental annual costs, which the company aims to mitigate through supplier collaboration and price adjustments.Strong International Performance
The international business reported mid-single-digit sales growth, with high single-digit growth excluding FX impact. This marks the eighth quarter of mid- to high single-digit sales expansion on a constant currency basis.
Successful Product Launches
The launch of the new Sealy Posturepedic collection was successful, with early results indicating solid performance and share gain. The Tempur products continue to drive growth internationally.
Progress on Synergies from Mattress Firm Acquisition
The company is on track to achieve $100 million in annual run rate synergies by 2028, with $15 million expected in 2025, up from an initial expectation of $10 million.
Tariff Mitigation Strategy
Successfully mitigated half of the $120 million potential tariff impact, with the balance being offset by a 2% price increase starting in the third quarter.
SGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $60.45 | $59.86 | -0.98% |
Feb 20, 2025 | $66.48 | $64.92 | -2.35% |
Nov 07, 2024 | $49.51 | $53.61 | +8.28% |
Aug 06, 2024 | $48.13 | $47.76 | -0.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Somnigroup International (SGI) report earnings?
Somnigroup International (SGI) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Somnigroup International (SGI) earnings time?
Somnigroup International (SGI) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SGI EPS forecast?
SGI EPS forecast for the fiscal quarter 2025 (Q2) is 0.52.