Bedding maker Somnigroup's Q3 results, FY forecast miss estimates
SGI•SGI•SGI•SGI•Somnigroup's third-quarter sales rose 11% to $2.40 billion and adjusted EPS increased 9.5% to $1.04, but both missed analyst estimates. It lowered its fiscal 2026 adjusted EPS forecast to $2.85-$2.95, below the $3.11 consensus estimate.
Somnigroup reported third-quarter net sales of $2.40 billion, up 11% but below the $2.43 billion analyst estimate. Adjusted EPS rose 9.5% to $1.04, compared with the $1.05 estimate; adjusted net income was $228.90 million and adjusted operating income was $364.20 million, both below estimates.
The company revised its full-year 2026 adjusted EPS guidance to $2.85-$2.95, versus analysts' estimate of $3.11. Sales growth was primarily driven by the inclusion of Leggett & Platt's results for part of the quarter, while acquisition-related costs weighed on operating income and weaker online demand contributed to lower Mattress Firm segment sales.
