Somnigroup International had a busy week, as it announced supply arrangements with two leading bedding manufacturers for Mattress Firm and announced first-quarter financial results.
Mattress Firm has entered into supply arrangements with Purple Innovation and Leggett & Platt. These arrangements are for the distribution and development of mattresses, foundations and other bedding-related products across a range of price points that are consistent with Mattress Firm’s customer-focused merchandising plan.
The expanded assortment of products is expected to be available at Mattress Firm starting in late 2025 and 2026.
“We are excited Mattress Firm shoppers can find these innovative and high-quality products from Purple and Leggett & Platt,” says Somnigroup Chairman and CEO Scott Thompson. “This assortment is complementary to our Tempur-Pedic, Sealy, Stearns & Foster and Sleepy’s branded products, providing customers across the country with an enhanced selection of differentiated products to meet their sleep needs. These products, and others, ensure Mattress Firm will meet its objective of servicing customers with different needs and preferences while also optimizing Somnigroup’s owned brands.”
Somnigroup’s 2025 first-quarter financial results showed net sales increased 34.9% primarily driven by the inclusion of $593.7 million of Mattress Firm sales. Operating income was $13.2 million as compared to $131.5 million in the first quarter of 2024, primarily driven by costs during the quarter related to the Mattress Firm acquisition.
Net loss was $33.1 million as compared to net income of $76.3 million in the first quarter of 2024.
