What happened Shares of mattress maker Tempur Sealy International (NYSE: TPX) plumped up on Thursday, rising 11.3% through 10:30 a.m. EST after the company reported estimate-crushing fourth-quarter earnings this morning. Although analysts expected $0.52 per share in adjusted earnings on just $988 million in sales, Tempur Sealy instead said it earned $0.67 (both pro forma and GAAP) on sales of nearly $1.1 billion in the fourth quarter of 2020. Image source: Getty Images. So what Tempur Sealy's sales soared 21% year over year, while net earnings according to generally accepted accounting principles (GAAP) more than tripled over last year's $0.21. (Pro forma profits were up 90%.) Sales strength was worldwide, with revenue rising 21% in North America and 26% internationally. For the full-year fiscal 2020, Tempur Sealy said its sales climbed 18% to $3.7 billion, a record for the company. Earnings grew 91% to $1.64 per share. Now what And as good as all this news was, it could still get better. Looking ahead to fiscal 2021, CEO Scott Thompson noted that he's seeing "a record level of unaided awareness and purchase intent for our brands" in North America, suggesting the company might be able to save on marketing spending. Thompson noted that COVID-19 restrictions could constrain sales in Europe early this year, but that segment of the company's business is so much smaller than the North American side that any slowdown there will probably resemble a rounding error. Overall, management predicts sales will continue to grow 15% to 20% in the new year, with earnings ranging from $2.30 to $2.50 per share. When you consider that this level of profit would price the stock at only 13.6 times earnings, a 15% or better growth rate makes it easy to call this stock a buy. 10 stocks we like better than Tempur Sealy InternationalWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Tempur Sealy International wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source