Somnigroup International Projects 2026 Adjusted EPS of $2.85-$2.95 and Expansion of Mattress Firm Stores
Somnigroup International Inc. (SGI) reported record net sales of $2.4 billion for the third quarter, despite facing a cautious consumer environment and macroeconomic uncertainties. While management noted that results were slightly below internal expectations, the company achieved significant scale in its quarterly revenue. Looking ahead, Somnigroup has provided long-term guidance projecting an adjusted earnings per share (EPS) between $2.85 and $2.95 for the year 2026. The company also outlined an aggressive growth strategy aimed at expanding its Mattress Firm retail footprint to more than 2,500 locations.
Tickers: $SGI