Contacts: Alan H. Oshiki

Broadgate Consultants, Inc.

(212) 232-2222

William S. Creekmuir

Simmons Company

(770) 673-2625

FOR IMMEDIATE RELEASE

Simmons Company

Reports First Quarter 2008 Results

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ATLANTA, May 6, 2008 – Simmons Company (“Company” or “Simmons”), the holding company for Simmons Bedding Company (“Simmons Bedding”), a leading manufacturer of premium-branded bedding products, today released operating results for the first quarter of 2008.

For the first quarter of 2008, net sales increased 3.5% to $276.9 million compared to $267.4 million for the same period last year. Domestic segment net sales increased $6.8 million, or 2.9%, to $245.1 million compared to the same period of 2007. The domestic segment sales growth was primarily attributable to an increase in conventional bedding average unit sales price of 7.9% which was partially offset by a decrease in conventional bedding units sold of 3.6%. Gross profit for the first quarter of 2008 was $109.7 million, or 39.6% of net sales, compared to $108.2 million, or 40.5% of net sales, for the same period of 2007. For the first quarter of 2008, operating income was $22.1 million, or 8.0% of net sales, compared to $25.2 million, or 9.4% of net sales, for the same period last year. Net income was $2.5 million for the first quarter of 2008 compared to $4.4 million for the same period in 2007. For the first quarter of 2008, Adjusted EBITDA (see the Supplemental Information to this press release) was $33.0 million, or 11.9% of net sales, compared to $36.1 million, or 13.5% of net sales for the first quarter of 2007.

“Despite a very difficult retail and economic environment, we continued to gain market share in the U.S. during the first quarter,” said Charlie Eitel, Simmons Chairman and Chief Executive Officer. “Our sales growth rate has exceeded that of the industry for nine consecutive quarters due to our strong product offerings across all retail price points, outstanding service and our solid relationships with our customers.”

Mr. Eitel continued, “Our operating results for the quarter were negatively impacted by rising raw material and fuel prices. While we have taken significant measures to lower our overall cost structure and implemented price increases on certain products in November 2007 and March 2008, the majority of the benefits associated with these initiatives will not begin to be realized until the second and third quarters of 2008. We believe our efforts will put us in a position to continue to be successful in this challenging retail and manufacturing environment.”

As of March 29, 2008, Simmons’ working capital (see Supplemental Information to this press release) was 2.4% of net sales for the trailing twelve months compared to 2.3% a year ago.

The Company will discuss its first quarter 2008 financial results on a webcast Tuesday, May 6, 2008 beginning at 5:00 p.m. Eastern time. The webcast will be available for replay or download through podcast at the Company’s website www.simmons.com until May 20, 2008.

About Simmons Company

Atlanta-based Simmons Company, through its indirect subsidiary Simmons Bedding Company, is one of the world's largest mattress manufacturers, manufacturing and marketing a broad range of products including Beautyrest®, Beautyrest Black®, ComforPedic by SimmonsTM, Natural Care®, Beautyrest BeginningsTM and Deep Sleep®. Simmons Bedding Company operates 21 conventional bedding manufacturing facilities and two juvenile bedding manufacturing facilities across the United States, Canada and Puerto Rico. Simmons also serves as a key supplier of beds to many of the world’s leading hotel groups and resort properties. Simmons is committed to developing superior mattresses and promoting a higher quality sleep for consumers around the world. For more information, visit the Company's website at www.simmons.com .

“Safe Harbor” Statement under Private Securities Litigation Reform Act of 1995:

This press release includes forward-looking statements that reflect our current views about future events and financial performance. Words such as “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “forecasts” and variations of such words or similar expressions that predict or indicate future events, results or trends, or that do not relate to historical matters, identify forward-looking statements. The forward-looking statements in this press release speak only as of the date of this report. These forward-looking statements are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from our expectations. These factors include, but are not limited to: (i) general economic and industry conditions; (ii) competitive pricing pressures in the bedding industry; (iii) legal and regulatory requirements; (iv) the success of our new products and the future costs to roll out such products; (v) our relationships with and viability of our major suppliers; (vi) fluctuations in our costs of raw materials and energy prices; (vii) our relationship with and viability of significant customers and licensees; (viii) our ability to increase prices on our products and the effect of these price increases on our unit sales; (ix) an increase in our return rates and warranty claims; (x) our labor relations; (xi) departure of our key personnel; (xii) encroachments on our intellectual property; (xiii) our product liability claims; (xiv) our level of indebtedness; (xv) interest rate risks; (xvi) foreign currency exchange rate risks; (xvii) compliance with covenants in our debt agreements; (xviii) our future acquisitions; (xix) our ability to achieve the expected benefits from any personnel realignments; (xx) our ability to successfully implement our new enterprise resource planning system; and (xxi) other risks and factors identified from time to time in our reports filed with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements, either to reflect new developments or for any other reason.

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