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The maker of TempurPedic mattresses is crashing by more than 25%

Tempur Sealy, the maker of TempurPedic mattresses and other bedding products, reported a dismal update on its business sending its shares in a tailspin. The firm said it expects full year sales for 2016 to be down 1% to 3% from 2015 and expected EBITDA of $500 to $525 million for the full-year, 5% lower than the company's previous projection. CEO Scott Thompson said net sales for the third quarter were also "below expectations.
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