1807 ET - A lack of housing turnover is wreaking havoc on the mattress industry, Sleep Number CEO Shelly Ibach says on a call with analysts. Low consumer confidence and high interest rates resulted in U.S. existing-home sales falling to their lowest level in nearly 30 years in 2024. As a result, mattress volumes for 2024 were estimated at 24 million units, their lowest level in nearly a decade, she says. "The mattress industry faced an extremely challenging demand environment throughout 2024, a trend that has persisted into the first quarter of 2025. Shares fall 9.2% in after-hours trading. (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 18:07 ET (23:07 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。