Shares of Tempur Sealy Crash After It Ends Contracts With Biggest Customer

Mattress maker Tempur Sealy International said it terminated its contracts with U.S. mattress retailer Mattress Firm Holdings, after disagreements over changes, which asked for “significant economic concessions.”

Tempur Sealy’s tpx shares were down 22.9 percent at $48.73 before the bell on Monday.

Shares are tanking because Mattress Firm is Tempur Sealy’s largest and most profitable customer, so estimates for future periods must be lowered, ROE...

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