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 Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

Sleep Number's recent financial results were unimpressive, but the stock also hit a 3-year low on the first day of June. Despite its recent gains, the stock trades for just 13 times next year's projected earnings.

Why Did Sleep Number Stock Soar 50% Last Month?

The boom and bust mattress business may be cheap right now.

Down 87%, Is Sleep Number Stock a Great Buy-and-Hold Stock?

Sleep Number grew revenue and reduced its share count dramatically, creating outstanding revenue-per-share growth. However, the company's earnings per share have fallen, unlike Apple and Microsoft's.

This Company Grew Revenue for Shareholders More Than Apple or Microsoft Over the Last Decade

Sleep Number Corporation (SNBR) Q1 2023 Earnings Call Transcript.

Sleep Number Corporation (SNBR) Q1 2023 Earnings Call Transcript

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) today reported results for the quarter ended April 1, 2023. “First quarter performance was consistent with our expectations, reflecting our team's strong execution in a challenged macro environment with historically low consumer sentiment pressuring demand. After nearly two years of supply disruption, the consistent flow of microchips has enabled us to return to more efficient operations,” said Shelly Ibach, Chair, President.

Sleep Number Announces First Quarter 2023 Results

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) will release its fiscal first quarter results through April 1, 2023, after market close on Wednesday, April 26, 2023. 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.

Sleep Number Corporation to Announce First Quarter 2023 Results on April 26th

MINNEAPOLIS--(BUSINESS WIRE)--Today, Sleep Number Corporation (Nasdaq: SNBR), a wellness technology leader, announced the launch of its next gen Sleep Number® smart beds and Lifestyle Furniture. Sold separately but optimally used together, the innovations are intended to help sleepers get their best sleep and realize their full potential through every stage of life. The next gen smart beds evolved from the original, award-winning Sleep Number 360® smart beds.

Sleep Number Introduces Next Generation Smart Beds: Science-Backed Innovations Designed to Support Your Body's Changing Needs Over Time

MINNEAPOLIS--(BUSINESS WIRE)--Today, Sleep Number Corporation (Nasdaq: SNBR) announced the publication of its 2023 Corporate Sustainability Report, which provides a comprehensive update of the company's environmental, social and governance (ESG) priorities and progress.

Sleep Number Issues Annual Corporate Sustainability Report

The company sees better times ahead in 2023.

Why Sleep Number Stock Was Up Today

Sleep Number Corporation (NASDAQ:SNBR ) Q4 2022 Results Conference Call February 22, 2023 5:00 PM ET Company Participants Dave Schwantes - Vice President-Finance and Investor Relations Shelly Ibach - Chair, President and Chief Executive Officer Chris Krusmark - CFO and Chief Human Resources Officer Conference Call Participants Bobby Griffin - Raymond James Peter Keith - Piper Sandler Brad Thomas - KeyBanc Capital Markets Seth Basham - Wedbush Securities Atul Maheswari - UBS Operator Good day everyone. Welcome to Sleep Number's Q4 and Full Year 2022 Earnings Conference Call.

Sleep Number Corporation (SNBR) Q4 2022 Earnings Call Transcript

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Q4 FY 2022 Earnings Release

Sleep Number Announces Fourth Quarter and Full Year 2022 Results

The company is trading below the fair level, but I do not see catalysts for the growth of shares. Consumer spending in the Furnishing segment continues to be under pressure.

Sleep Number: Pressure On Margin And No Growth Catalysts

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.

Earnings Preview: Sleep Number (SNBR) Q4 Earnings Expected to Decline

MINNEAPOLIS--( BUSINESS WIRE )--In advance of World Cancer Day on February 4, Sleep Number Corporation (Nasdaq: SNBR) today announces it is the proud recipient of the American Cancer Society's (ACS) 2022 Corporate Partner of the Year Award. The national honor recognizes Sleep Number as a leading supporter in the fight against cancer and its meaningful impact to ACS's mission.

Sleep Number Honored with American Cancer Society's 2022 Corporate Partner of the Year Award

MINNEAPOLIS--( BUSINESS WIRE )-- Sleep Number Corporation (Nasdaq: SNBR) today announced that Executive Vice President and Chief Financial Officer David Callen is stepping down from his position to pursue other opportunities, effective January 30. He will continue to serve in a financial advisory role through March 3, as the company executes a smooth transition through the report of its 2022 financial results.

Sleep Number Announces Leadership Transition

Share of Sleep Number Corp. SNBR, +1.96% tumbled 15.1% in premarket trading Friday, after the bed and mattress maker provided a downbeat full-year outlook and said its chief financial officer was stepping down after nearly 9 years in the role. The company said its expects to report 2022 earnings per share of $1.60, which is below the current FactSet consensus of $1.71, and sales of $2.04 billion, which is below expectations of $2.11 billion.

Sleep Number stock tumbles after downbeat 2022 outlook ahead of results, CFO resigns

The mattress company's business is doing better than you'd think, and the share price is right.

Is Sleep Number Stock Poised for a Comeback in 2023?

San Diego, California--(Newsfile Corp. - December 6, 2022) - The Shareholders Foundation, Inc. announced an update in the lawsuit that is pending for certain investors in Sleep Number Corporation (NASDAQ: SNBR) shares. Investors, who purchased shares of Sleep Number Corporation (NASDAQ: SNBR) prior to February 2021 and continue to hold any of those NASDAQ: SNBR shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.

NOTICE For Investors In NASDAQ: SNBR: Update in Lawsuit against Sleep Number Corporation announced by Shareholders Foundation

Estimates have been slashed for both the current year and next year.

Bear of the Day: Sleep Number (SNBR)

Sleep Number's Q3 performance exceeded expectations but Q4 guidance was soft. The company was hurt by slowing consumer demand and a shortage of critical semiconductors.

Sleep Number: The Short Term Is A Mess

Sleep Number Corporation (NASDAQ:SNBR ) Q3 2022 Earnings Conference Call October 26, 2022 5:00 PM ET Company Participants Dave Schwantes – Vice President-Finance and Investor Relations Shelly Ibach – Chair, President and Chief Executive Officer David Callen – Chief Financial Officer Conference Call Participants Brad Thomas – KeyBanc Capital Markets Matt Egger – Piper Sandler Bobby Griffin – Raymond James Seth Basham – Wedbush Securities Michael Lasser – UBS Operator Welcome to Sleep Number's Quarter Three 2022 Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session.

Sleep Number Corporation (SNBR) Q3 2022 Earnings Call Transcript

Sleep Number (SNBR) delivered earnings and revenue surprises of 266.67% and 2.38%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Sleep Number (SNBR) Surpasses Q3 Earnings and Revenue Estimates

Shares of Sleep Number Corp. were getting pummeled in late trading Wednesday after the maker of “smart beds” slashed its earnings forecast as it deals with the twin challenges of “historically low” consumer sentiment and chip-related supply-chain issues.

Sleep Number stock tanks amid slashed earnings forecast, ‘historically low' consumer sentiment

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) today reported results for the quarter ended October 1, 2022.

Sleep Number Announces Third Quarter 2022 Results

Despite the decline in consumer confidence, the company continues to show revenue growth. Efficient cost management ensures a stable level of operating profitability.

News for Sleep Number Stock (SNBR)