Somnigroup International Inc. announced financial results for the third quarter ended Sept. 30 and showed a massive net sales increase of 63.3%.
The company’s sales are up to $2,122.6 million as compared to $1,300.0 million in the third quarter of 2024, primarily driven by the inclusion of $1,070.8 million of Mattress Firm sales, offset by the accounting elimination of $313.7 million of sales from the Tempur Sealy North America segment to the Mattress Firm segment.
Direct sales as a percent of net sales increased to 65.2% as compared to 24.5% in the third quarter of 2024. And net income increased 36.5% to $177.4 million as compared to $130.0 million in the third quarter of 2024.
“We are pleased to report record sales, profits and operating cash flow in the third quarter, driven by strong operational execution across all of Somnigroup’s business units, augmented by progress on our acquisition-related sales and cost synergy initiatives,” says company Chairman and CEO Scott Thompson. “This quarter’s strong results were underpinned by slightly improving bedding industry trends. We are encouraged by our success this quarter and are well-positioned to further leverage our leading manufacturing and retailing capabilities, trusted brands and broad omnichannel distribution footprint to capitalize on improvements across markets.”
Mattress Firm net sales were $1,070.8 million for the third quarter of 2025. All Mattress Firm sales are reported through the direct channel.
