Sleep Number

Sleep Number Corp. designs, manufactures, markets, and distributes beds, proprietary beds, and other sleep-related accessory products. It offers beds under the brand name Sleep Number. The company was founded by Robert Walker and JoAnn Walker in 1987 and is headquartered in Minneapolis, MN.

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Sleep Number reports Q4 growth, eyes margin improvement in 2023

Sleep Number navigated challenges in Q4 2022, with a focus on strategic accomplishments and improvements for 2023. Despite headwinds like elevated commodity and labor costs, the company aims for gross margin improvement and margin growth over the next few years. Key initiatives like the climate 360 smart bed and operational enhancements position Sleep Number for long-term success.

Sleep Number excels in Q1 2023 with strong sales and innovation focus

Sleep Number's Q1 2023 earnings call highlighted strong financial performance, innovation focus, and strategic growth initiatives. The company aims to drive demand through new product offerings and celebrity partnerships while addressing challenges in cost management and margin sustainability.

Sleep Number reports solid Q2 results, focuses on growth strategies

Sleep Number's Q2 performance showed resilience with a focus on growth and margin improvement. The company's strategic initiatives aim to drive profitability and market share gains. Challenges lie in achieving margin expansion and navigating a competitive promotional landscape, while opportunities exist in cash flow generation and ARU growth.

Sleep Number faces challenges but aims for profitability and growth

Sleep Number's Q3 2023 performance reflects challenges from changing consumer behavior and industry headwinds.
Despite the decline in net sales, the company is taking proactive measures to enhance profitability and cash flow.
Adjustments in marketing strategies and cost actions aim to position Sleep Number for sustainable growth and financial stability.
Opportunities exist in optimizing operations, enhancing media strategies, and driving positive free cash flow in the future.

Sleep Number anticipates sales decline in 2024, focuses on profitability

Sleep Number's Q4 2023 performance saw a decline in net sales but significant cost reduction efforts. The company is focused on cost restructuring, margin improvement, and debt reduction to drive profitability in 2024 amidst challenging market conditions.

Sleep Number reports Q1 resilience with strategic focus on margins

Sleep Number's Q1 performance showed resilience with strong free cash flow generation and better-than-expected adjusted EBITDA.
Strategic priorities targeting margin restoration and cost efficiencies position the company for long-term financial health.
While facing challenges of sales decline and margin expansion targets, Sleep Number has opportunities in new product launches and operational improvements.

Sleep Number addresses challenges, focuses on efficiency and innovation

Sleep Number's Q2 performance reflected a focus on efficiency and profitability amidst industry challenges.
The company's strategic actions and product innovation position it for growth opportunities.
Navigating the lower sales environment while enhancing margins and exploring partnerships will be key.

Sleep Number reports Q3 earnings, lowers guidance amid demand challenges

Sleep Number's Q3 performance showed improved margins and cost reductions, but lowered full-year guidance due to weak demand.
The introduction of the ClimateCool smart bed was well-received, contributing to gross margin rate accretion.
Challenges persist with stagnant demand and economic uncertainties, prompting a focus on financial resilience and business model adjustments.
Opportunities lie in enhancing efficiencies, leveraging successful products, and ensuring long-term sustainability through cash flow generation.

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Sleep Number Corp. engages in the design, manufacture, marketing, and distribution of beds, proprietary beds, and other sleep-related accessory products. It offers beds under the brand name Sleep Number. The company was founded by Robert Walker and JoAnn Walker in 1987 and is headquartered in Minneapolis, MN.

While the top- and bottom-line numbers for Sleep Number (SNBR) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Sleep Number (SNBR) Q3 Earnings

Sleep Number Corporation (NASDAQ:SNBR ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Dave Schwantes – Vice President-Finance and Investor Relations Shelly Ibach – President and Chief Executive Officer Francis Lee – Chief Financial Officer Conference Call Participants Bobby Griffin – Raymond James Brad Thomas – KeyBanc Capital Markets Peter Keith – Piper Sandler Dan Silverstein – UBS Operator Welcome to Sleep Number's Q3 2024 Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session.

Sleep Number Corporation (SNBR) Q3 2024 Earnings Call Transcript

Sleep Number (SNBR) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.10 per share a year ago.

Sleep Number (SNBR) Reports Q3 Loss, Lags Revenue Estimates

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) announced today that Shelly Ibach has shared her plans to retire as Chair, President and Chief Executive Officer, no later than the 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”). Pursuant to its established succession plan, the Board of Directors (the “Board”) has engaged an independent executive search firm to help identify Ibach's CEO successor. To support an effective transition, Ibach will continue to se.

Sleep Number Chair, President and CEO Shelly Ibach Announces Retirement

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) today reported results for the quarter ended September 28, 2024. “Our actions throughout the business over the past year are driving sustainable operating model improvements and contributing to our increased financial flexibility and durability. Our initiatives drove broad cost efficiencies and a gross margin rate improvement to 60.8%, resulting in third quarter adjusted EBITDA of $28 million, which was in-line with expectati.

Sleep Number Announces Third Quarter 2024 Results

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) will release its fiscal third quarter results through September 28, 2024, after market close on Wednesday, October 30, 2024. Management will host its regularly scheduled conference call to discuss the company's results at 5 p.m. EDT (4 p.m. CDT; 2 p.m. PDT). To access the webcast, please visit the investor relations area of the Sleep Number website at https://ir.sleepnumber.com. The webcast replay will remain available for ap.

Sleep Number Corporation to Announce Third Quarter 2024 Results on October 30th

MINNEAPOLIS--(BUSINESS WIRE)--In celebration of World Menopause Day on October 18, Sleep Number Corporation (Nasdaq: SNBR), announced a “Hot Flash Sale” to help raise awareness of the important link between temperature, menopause and sleep, and the crucial need to improve the sleep quality of those experiencing menopause. The Hot Flash Sale features special offers on the brand's complete portfolio of innovations dedicated to tackling the temperature fluctuations that sleepers face. As a women-l.

Sleep Number Honors World Menopause Day with Hot Flash Sale, New Innovations from Temperature Research to Enhance Women's Wellbeing and Their Partners

MINNEAPOLIS--(BUSINESS WIRE)--Today, Sleep Number Corporation (Nasdaq: SNBR), the sleep wellness technology leader, launched the new ClimateCool™ smart bed: the only smart bed that actively cools and effortlessly adjusts to both sleepers – ideal for couples with different sleep needs and preferences. Sleep Number's latest smart bed builds on the active temperature technology of its award-winning Climate360® smart bed, which cools and warms on both sides. In addition to featuring adjustable firm.

Sleep Number Introduces ClimateCool™ Smart Bed: Actively Cools and Effortlessly Adjusts for Deeper, More Comfortable Sleep

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Industry sales are expected to wobble for yet another year, but the improvements that SNBR has facilitated on the cost base could see it generate marginal EBITDA growth this year. Looking ahead, even if the topline growth ends up being anemic, EBITDA growth in FY25 and FY26 are poised to come in at double-digit growth levels. The stock is still priced at a discount on a forward EV/EBITDA basis, although that discount has come down from 30% in March to 12.5% currently.

Sleep Number- Coping Well In A Difficult Environment

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Sleep Number Corporation (NASDAQ:SNBR ) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Corporate Participants Dave Schwantes - VP, Finance and IR Shelly Ibach - Chair, President and Chief Executive Officer Francis Lee - EVP and Chief Financial Officer Conference Call Participants Bobby Griffin - Raymond James Alexia Morgan - Piper Sandler Brad Thomas - KeyBanc Capital Markets Dan Silverstein - UBS Peter Keith - Piper Sandler Operator Welcome to Sleep Number's Q2 2024 Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session.

Sleep Number Corporation (SNBR) Q2 2024 Earnings Call Transcript

Sleep Number (SNBR) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to earnings of $0.03 per share a year ago.

Sleep Number (SNBR) Reports Q2 Loss, Misses Revenue Estimates

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) today reported results for the quarter ended June 29, 2024. “The implementation of our transformative initiatives is improving gross margin, operating expenses and free cash flow, as our teams continue to execute sustainable changes across the business. In the second quarter, we delivered gross margin rate expansion and adjusted EBITDA slightly ahead of expectations, despite facing a more challenging industry sales environmen.

Sleep Number Announces Second Quarter 2024 Results

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Deteriorating U.S. consumer confidence and concerns for future business growth are concerns for the industry. Yet, focus product innovation & technological solutions raise hope for LZB, VIRC and SNBR.

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Sleep Number (SNBR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Sleep Number (SNBR) to Report a Decline in Earnings: What to Look Out for

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) will release its second quarter results through June 29, 2024, after market close on Wednesday, July 31, 2024. Management will host its regularly scheduled conference call to discuss the company's results at 5 p.m. EDT (4 p.m. CDT; 2 p.m. PDT). To access the webcast, please visit the investor relations area of the Sleep Number website at https://ir.sleepnumber.com. The webcast replay will remain available for approximately 60.

Sleep Number Corporation to Announce Second Quarter 2024 Results on July 31st

Sleep Number (SNBR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Strength Seen in Sleep Number (SNBR): Can Its 19.1% Jump Turn into More Strength?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Sleep Number (SNBR) Right Now?

MINNEAPOLIS--(BUSINESS WIRE)--Today, Sleep Number Corporation (Nasdaq: SNBR), the sleep wellness technology leader, unveiled its new Sleep Number® c1 smart bed at only $999 (Queen). The brand's best value, the c1 offers the same signature adjustable firmness on either side and sleep technology features as Sleep Number's higher-end smart beds. For under $1,000, sleepers receive their ideal comfort and support; breathable technology that draws heat away from the body; and personalized digital sle.

Sleep Number Introduces New c1 Smart Bed, Providing Smart Adjustability at an Exceptional Value

Is Sleep Number (SNBR) Stock Undervalued Right Now?

MINNEAPOLIS--(BUSINESS WIRE)--Today, Sleep Number Corporation (Nasdaq: SNBR), a sleep wellness technology leader, announced it will present new research at SLEEP 2024 in Houston. Findings will show results of four studies leveraging smart bed data collected in a real-world, home environment, and the Smart Sleeper Panel, a cohort of more than 468,000 Sleep Number smart bed sleepers who've opted to participate in sleep science research. These studies further demonstrate the research capabilities.

Sleep Number Presents Research on Snoring, Apnea, Excessive Daytime Sleepiness and Cardiovascular Health at SLEEP 2024

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MINNEAPOLIS--(BUSINESS WIRE)--In a groundbreaking recognition of innovation and impact, sleep wellness technology leader Sleep Number Corporation (Nasdaq: SNBR) and the American Cancer Society (ACS) have been honored with the Golden Halo Award for Best Intersectional Initiative in 2024. The award, presented by Engage for Good, celebrates brand and non-profit initiatives that break new ground in addressing multiple causes and communities simultaneously, marking a significant milestone in corpora.

American Cancer Society and Sleep Number Win Golden Halo Award for Best Intersectional Initiative

Although the revenue and EPS for Sleep Number (SNBR) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

News for Sleep Number Stock (SNBR)