Somnigroup (SGI) earnings: blaming the weather and buying the monopoly

Somnigroup offered a classic retail excuse for missing revenue estimates—"tough weather"—but the real story is their aggressive move to verticalize the entire bedding industry.In ~10 minutes:* Revenue fell 12% to $1.87B amid complex accounting eliminations* Management claimed weather caused 5,000 lost store days ⛈️* Official confirmation of due diligence to acquire Leggett & Platt* Direct-to-consumer mix hit 65% (up from 27% YoY)* 2026 guidance implies aggressive cost-cutting to hit targetsThe "Consolidation Endgame" is here. With the Mattress Firm integration largely complete, SGI is now circling its biggest component supplier. The strategy is clear: own the factory, the springs, the logistics, and the store. But with operating leverage rising and demand flat, the "weather" excuse highlights just how risky the retail game has become.Somnigroup International (SGI) | Q4 FY2025AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted