Tempur-Pedic Sees Q1 EPS of $0.67-0.68

Tempur-Pedic International Inc. TPX today announced preliminary financial results for the first quarter of 2011. The Company also increased financial guidance for 2011. The Company currently expects first quarter 2011 net sales to be approximately $325 million, representing growth of 28% as compared to the first quarter of 2010. The Company currently expects first quarter 2011 earnings per diluted share (EPS) to range between $0.67 and $0.68. During the first quarter of 2011, the Company purchased 1.32 million shares of its common stock at an average price of $47.35 for a total cost of $62.5 million.