Somnigroup International: Q1 Earnings Snapshot

Published: 2025-05-08 06:52:07 ET SGI

Published on 05/08/2025 at 06:52

LEXINGTON, Ky. (AP) — LEXINGTON, Ky. (AP) — Somnigroup International Inc. (SGI) on Thursday reported a loss of $33.1 million in its first quarter.

The Lexington, Kentucky-based company said it had a loss of 17 cents per share. Earnings, adjusted for one-time gains and costs, were 49 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The mattress maker posted revenue of $1.6 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $1.64 billion.

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