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The Boston Globe

Markets

Tempur-Pedic Int.

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The luxury mattress maker plunged after it cut its full-year profit and revenue forecasts amid lower-than-expected second-quarter sales in North America. The company said sales this quarter have been “disappointing and below plan, primarily due to changes in the competitive environment,” said CEO Mark Sarvary. Second-quarter sales will drop 3 percent to 5 percent, it said.

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