RTTNews | May 27, 2021 10:43AM EDT

10:42 Thursday, May 27, 2021 (RTTNews.com) - Shares of mattresses/bedding products manufacturer Tempur Sealy International, Inc. (TPX) are trading up 6 percent on Thursday as the company raised its second-quarter sales outlook and announced the acquisition of British specialty bed retailer Dreams.

The company said that as the quarter-to-date orders have increased since the first-quarter results were reported, it now expects net sales growth of around 60 percent in the second quarter. Higher demand for Tempur-Pedic products in the U.S also contributed to the revised outlook.

Separately, the company said that it has acquired Dreams from an affiliate of Sun Capital Partners, Inc. for a sum of around $475 million.

The stock is currently trading at $39.09, up $2.24 or 6% on the NYSE. TPX has traded between $15.30 and $41.04 during the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3198118/stock-alert-tempur-sealy-climbs-6-on-raised-sales-outlook-acquisition-of-dreams.aspx)

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