The UK and Ireland division of Tempur Sealy International has reported another growth in sales as profit remained strong.
According to its latest filed accounts for the year ended 31 December 2024, total Tempur UK sales rose 27% to £73.4m from £58m in 2023, further adding to its 10.2% rise from £52.6m in 2022.
Pre-tax profit resulted at £4.7m, slightly down from £4.9m recorded the previous year.
Stated within its report, the company said: “The year was very positive for the company with sales growth in all channels. Consumer demand for consumer durables remained subdued in 2024 but through strong execution of our business plan and continued investment in the Tempur brand we were able to grow and gain market share in the UK.
“Our sales growth rate accelerated with the launch of the Tempur Pro mattress range. This was the first major update to our core mattress range for eight years and the consumer reaction to this important new range has been extremely positive. The phase out and phase in took place in the first half of the year.”
Tempur added that turnover from its retail partners, including its largest customer Dreams – which is owned by parent group Tempur Sealy International – now named Somnigroup, was up 30% on last year, with 82% of sales coming through this channel.
As for its direct to consumer business, which accounts for 18% of turnover and operates through its online platform and 10 stores, ecommerce sales increased 22%. Own store sales delivered an uptick of 6% on last year, with the overall segment growing revenues by over 15% against the prior year.
During the period, the company opened a new brand store in Kingston Upon Thames in September 2024 and closed an Outlet store in Livingston in December 2024.