Tempur Sealy International, the world’s largest supplier of bedding, reported a net profit of $175.8 m for the quarter ended 2021, that was up 21.5% from $144.6 million in the fourth quarter of 2020. Net sales were nearly $1.4 billion, up 28.6 percent from nearly $1.1 billion a year earlier. Earnings per share rose to 88 cents in the quarter from 67 cents in the fourth quarter of 2020. TAPELSI building tapelsi group building the company’s international sales in the fourth quarter were $297.5 million, up 82.1 percent from $163.4 million in the same period last year. Direct-to-consumer sales rose 23.6 percent to $125.5 million, driven by sales at the company’s direct-store chain. Net sales in North America, the main market, rose 18.9 per cent to $1.06 BN in the fourth quarter, compared with $893.6 m in the fourth quarter of 2020. Net sales through the North American wholesale channel rose 18.2 per cent year-on-year to $936.6 M.

For the full year, 2021’s net sales were $4.9 billion, up 34.1 percent from nearly $3.7 billion in 2020. 2021’s net income was nearly $625 million, up 79 percent from nearly $349 million a year earlier. “We are pleased with fourth-quarter sales growth of 29 per cent and earnings per share growth of 31 per cent,”said Scott Thompson, chairman and chief executive. This is the tenth time we’ve had double-digit sales and earnings per share growth. With our strong market leadership and global operations, we have not only minimized the impact of the outbreak, but also achieved record sales. Over the past two years, we have further consolidated our position as a market-leading, vertically integrated, full-channel international company. With the continuous development of this field, the strength of our company is also growing. Into 2022, tempel SEALY’s sales and earnings per share will continue to grow at double-digit rates,”added Scott Thompson. Looking ahead this year, the company expects earnings per share to fall to between $3.65 and $3.85, with sales up 15-20 per cent year on year.