Somnigroup Q1 net sales rise 12% to $1.8 billion; adjusted EPS up 20%
Somnigroup reported first quarter 2026 net sales of $1,801.5 million, up 12.3%, mainly because Mattress Firm was included for a full quarter. Diluted EPS was $0.49, compared with a loss of $(0.17) a year earlier, and adjusted EPS rose 20.4% to $0.59. The company reaffirmed its 2026 adjusted EPS guidance of $3.00 to $3.40, which it said is about a 19% increase at the midpoint over 2025.
Key points
- Net sales rose 12.3% to $1,801.5 million from $1,604.7 million; Mattress Firm contributed a full quarter versus February 5 to March 31 in 2025.
- Diluted EPS was $0.49 versus a loss of $(0.17); adjusted EPS rose 20.4% to $0.59.
- Mattress Firm adjusted gross margin declined 360 basis points to 31.5%, which the company attributed to promotional spending, product mix and fixed cost deleverage.
- The board declared a quarterly cash dividend of $0.17 per share, payable June 4, 2026, to holders of record on May 21, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.