"The continued strong momentum with our top and bottom line results was driven by the success of our Unicased Posturepedic product line in the U.S."
David J. McIlquham, Sealy's Chairman and Chief Executive Officer

Sealy Corporation, the world's largest manufacturer of bedding products, today announced results for the fiscal first quarter ending February 29, 2004.

For the quarter, Sealy reported sales of $318.2 million, an increase of 10.4% from $288.3 million for the same period a year ago.

"We are very pleased with our financial results and the continued progress we have made against our top initiatives during the first quarter of 2004," said David J. McIlquham, Sealy's Chairman and Chief Executive Officer. "The continued strong momentum with our top and bottom line results was driven by the success of our Unicased Posturepedic product line in the U.S. and strong operating results from our international business unit. We have seen good unit and AUSP gains from our new Posturepedic line since it was launched last year, and are off to a strong start with our new TripLCased Stearns & Foster product line. We expect to build on our momentum as we complete the roll-out of Stearns & Foster in the U.S. and Unicased Posturepedic in Canada and Mexico over the next few months."

Sealy was recently acquired by Kohlberg Kravis Roberts & Co. (KKR) for $1.5 billion