LEXINGTON, Ky.–Tempur-Pedic said it anticipates its 2009 fourth-quarter sales to range between $242 million and $244 million, which would represent growth of from 28 percent to 29 percent above fourth-quarter sales in 2008.
“Fourth-quarter sales exceeded our prior expectations in both our U.S. and international segments, primarily due to a better-than-expected macro environment together with success from sales and marketing programs,” said Mark Sarvary, chief executive officer of the mattress manufacturer.
The company also forecast sales for 2010 to total between $950 million and $970 million. Dale Williams, chief financial officer, said, “In our planning for 2010, we expect benefits from our productivity programs and fixed-cost leverage will be partially offset by our outlook for rising commodity prices and increased investments in marketing and R&D.”