Bobby Griffin's questions to Somnigroup International Inc (SGI) leadership • Q2 2025
Question
In a follow-up, Bobby Griffin sought clarification on whether the down 2% like-for-like wholesale number (ex-distribution changes) also neutralized for the impact of floor sample timing.
Answer
CFO Bhaskar Rao confirmed that the 2% figure did not neutralize for floor models. He quantified the headwind from floor models in the second quarter as approximately $15 million on the top line and around $8 million on the EBITDA line.