Somnigroup Q2 Sales Miss Estimates, Store Closures Weigh on Revenue
SGI sits 16% above its 52-week low of $60.39.
Summary
Somnigroup's Q2 sales fell 3% to $1.82B, missing the $1.88B consensus, partly due to Mattress Firm store closures. Adjusted EPS of $0.58 met expectations, while adjusted net income slightly beat at $122.6M. Gross margin expanded and operating cash flow hit a Q2 record, but international margins were pressured by commodity costs. The company issued its first 2026 adjusted EPS guidance of $2.85–$3.15, subject to tariff and macro risks. This follows the earlier guidance announcement this morning and adds the full earnings breakdown, showing top-line weakness offset by margin gains. The Leggett & Platt merger vote is set for August 20, keeping integration risks in focus.
At the time of this announcement, SGI was trading at $70.10 on NYSE in the Trade & Services sector, with a market capitalization of approximately $14.6B. The 52-week trading range was $60.39 to $98.56. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.