Somnigroup International Inc. reported net sales of $1,604.7 million for the first quarter ended March 31, 2025, representing a 34.9% increase compared to $1,189.4 million in Q1 2024. This growth was primarily driven by the inclusion of Mattress Firm's operations from February 5, 2025.
The company reported a net loss of $(33.1) million, compared to a net income of $76.3 million in the prior year's first quarter. Adjusted net income increased 8.1% to $97.0 million, while adjusted EPS decreased 2.0% to $0.49.
Mattress Firm contributed $593.7 million in net sales for the stub period, with an adjusted operating margin of 7.2%. Somnigroup revised its full-year 2025 adjusted EPS guidance to a range of $2.30 to $2.65, reflecting the current sales outlook and the divestiture of Sleep Outfitters and 73 Mattress Firm stores.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.