Somnigroup Narrows Outlook as Third-Quarter Profit Falls
Somnigroup International reported third-quarter profit of $163.5 million, or 74 cents a share, down from a year earlier, and narrowed its full-year outlook.
By Connor HartSomnigroup International reported lower profit in the recent quarter, prompting the mattress maker to narrow its full-year outlook.The company, formed from Tempur-Sealy's acquisition of Mattress Firm, on Monday posted a third-quarter profit of $163.5 million, or 74 cents a share, down…