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Despite realising warnings of a major sales slump due to the US economic downturn, there was some good news for Tempur shareholders in the company's quarterly report.
A 55 per cent drop in quarterly profit actually exceeded market expectations, bolstered by a ten per cent increase in international sales, according to Reuters.
Domestic sales, however, fell 16 per cent, blamed on lower selling prices and the postponement of top-end mattress investment by many US citizens in the tightening economic climate, the news agency reports.
Increased selling and marketing expenses were also cited as reasons for the drop in quarterly profits.
According to figures from Yahoo! Finance, weekly share prices opened at $10.99 on Monday April 14th, securing a high of $1.33 and a low of $10.33 to close up on the day at $11.25.
Tuesday April 15th saw an $11.30 opening, a high of $11.35 and a low of $10.42, closing down at $10.53.
Figures for Wednesday April 16th show an opening of $10.66, a high of $10.98, a low of $10.30 and a close that again demonstrated a rise to $10.70.
Thursday April 17th rebounded to open at $11.36, which was also the high of the day however, a low of $10.41 meant a close that was down on the day at $10.51.
Classic Bed Company is the UK's premier bed store for ultimate comfort and luxury offering Tempur, Vi Spring, Willis and Gambier and French Sleigh beds.
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