Sealy Sales Drop As Their Net Income Rises

Posted by slone on October 11th, 2009 at 07:00am

Bedding manufacturer Sealy, reported that it’s thrid quarter sales declined 13.7 percent while their net income rose 10.2 percent. The company says that the results show the effectiveness of several cost reduction measures and the companies ability to grow a profitable market share.

President and CEO, Larry Rogers said, “Efforts like this are enabling us to begin to realize improvements in our operations and positioning us to benefit more when the economy improves.” Sealy’s world wide sales totaled $349.6 million for the quarter that ended on August 30, with $405 million for the same quarter last year.

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