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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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 (SNBR) delivered earnings and revenue surprises of 148.39% and 8.37%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Sleep Number (SNBR) Q2 Earnings and Revenues Surpass Estimates

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) today reported results for the quarter ended July 2, 2022. “Our second-quarter performance reflects our team's incredible agility in navigating a complex business environment. Ongoing electronic supply disruptions, inflationary pressures and record low consumer sentiment are reflected in our revised 2022 EPS outlook. We are taking prudent actions to preserve liquidity and financial flexibility,” said Shelly Ibach, Chair, Pres

Sleep Number Announces Second Quarter 2022 Results

Wilmington, Delaware--(Newsfile Corp. - July 22, 2022) - Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Sleep Number Corporation (NASDAQ: SNBR) on behalf of stockholders.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-sleep-number-corporation.To contact Seth D. Rigrodsky or Gina M. Serra cost free, call or text (302) 295-5310 or email info@rl-legal.com.Rigrodsky Law, P.A.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Sleep Number Corporation

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) will release its second quarter results through July 2, 2022, after market close on Wednesday, July 27, 2022. 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 2022 Results on July 27th

Purple Innovation

I'm bullish on Sleep Number's long-term prospects, but there is a lot of buzz right now about a recession in the mattress industry. For those looking for a hedge against short-term industry risk, I think puts on Purple Innovation make a lot of sense.

Sleep Number And Purple Innovation: A Pair Trade Idea

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR), the sleep health, science, and research leader, today announces new data from its 360 smart bed at SLEEP 2022, the 36th annual meeting of the Associated Professional Sleep Societies, LLC from June 4-8 in Charlotte, NC. Data presented showed results of a study to measure skin temperature using sensors to be deployed in 360 smart beds, and a study to measure daytime alertness using Sleep Number's proprietary SleepIQ® technolog

Sleep Number Unveils New Research from Its 360® Smart Bed on Temperature Sensing and Daytime Alertness

Sleep Number released underwhelming Q1 results and FY guidance. Underwhelming isn't the same as poor; the "worst case" net income target is $100mm.

Sleep Number: Buying The 'Mess' Before The Rest

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Shares of mattress makers took a dive Wednesday, after Wedbush analyst Seth Basham said he has seen signs suggesting Memorial Day sales came up short. That "negative" sales weekend came despite what Basham said in a pre-weekend note were signs of "incremental promotional intensity" and "outsized discounting" to goose sales.

Mattress maker stocks sink on signs of weak Memorial Day sales

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR), the sleep health, science, research and innovation leader, today announced publication of its new study in the journal Sensors. The publication shows that SleepIQ® technology, the operating system of the Sleep Number 360® smart bed, demonstrated strong correlations in measuring sleep data compared to traditional laboratory PSG, the current gold standard of measuring sleep. PSG, however, is impractical to use longitudinally,

New Study Shows Potential of Sleep Number 360® Smart Bed as a Trusted Device for Capturing Reliable Sleep Data from Home

MINNEAPOLIS--(BUSINESS WIRE)--Today Sleep Number Corporation (Nasdaq: SNBR), the sleep health, science, research and innovation leader, announced a new nationwide sustainability initiative. With a goal of building a more environmentally conscious company, Sleep Number is transitioning much of its operational footprint to renewable energy, advancing the company's sustainability goals as a participant to the United Nations Global Compact. Sleep Number expects to convert most of its 650 retail sto

Sleep Number Announces Ongoing Sustainability Initiatives

Shares of the mattress maker nosedived after it reported earnings. Here's a quick look at why.

Why Sleep Number Stock Fell Almost 16% at the Open Today

Sleep Number Corp stock was down about 15% in early trading Thursday (April 21) after the company reported several downward trends in its fiscal 2022 first-quarter earnings report Wednesday (April 20), including a 7% decline in net sales to $527 million because of the semiconductor chip shortage. Meanwhile, demand dipped 3% in the three-month period […]

Sleep Number Stock Tumbles as Supply Chain Struggles Persist

Sleep Number Corporation (NASDAQ:SNBR ) Q1 2022 Earnings Conference Call April 20, 2022 5:00 PM ET Company Participants David Schwantes - VP of Finance, Investor Relations and Decision Support Shelly Ibach - President and CEO David Callen - EVP and CFO Conference Call Participants Peter Keith - Piper Sandler & Co. Robert Griffin - Raymond James & Associates, Inc. Matthew McCartney - Wedbush Securities Inc. Atul Maheswari - UBS Bradley Thomas - KeyBanc Capital Markets Curtis Nagle - Bank of America Merrill Lynch Operator Welcome to Sleep Number's Q1 2022 Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session.

Sleep Number Corporation (SNBR) CEO Shelly Ibach on Q1 2022 Results - Earnings Call Transcript

Sleep Number (SNBR) delivered earnings and revenue surprises of -72.73% and 1.92%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Sleep Number (SNBR) Q1 Earnings and Revenues Miss Estimates

Sleep Number stock dives after earnings report

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) today reported results for the quarter ended April 2, 2022. “External factors continue to disrupt global supply and weaken consumer confidence, resulting in increased business complexity and volatility,” said Shelly Ibach, President and CEO. “In this dynamic environment, we remain focused on deepening consumer relationships and innovating for broad relevance while taking decisive actions to address near-term pressures. Our te

Sleep Number Announces First Quarter 2022 Results

Sleep Number is a well-managed, a high-quality company in a relatively defensive industry.

Sleep Number: The Stock Will Wake Up Soon

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) will release its first quarter results through April 2, 2022, after market close on Wednesday, April 20, 2022. 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 First Quarter 2022 Results on April 20th

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Sleep Number Corporation (NASDAQ:SNBR) is an American manufacturer that makes smart beds, as well as foundations and bedding accessories.

Sleep Number Stock Looks Ripe for Upgrades

Sleep Number has been steadily growing both its top and bottom lines by improving and growing its new and existing assets at rates of return far beyond its capital costs.

Sleep Number: The Mattress That Gives Back

MINNEAPOLIS--(BUSINESS WIRE)--Today Sleep Number Corporation (Nasdaq: SNBR), the sleep health, science, research and innovation leader, announced its Board of Directors has unanimously elected Shelly R. Ibach as Board Chair, effective May 12, 2022, following the Company's Annual Meeting of Shareholders. Ibach will continue to serve as Sleep Number's President and CEO. She succeeds Jean-Michel Valette, who served as Board Chair since May 2010 and will remain on the Board. The Company also announ

Sleep Number Announces Board Leadership Changes

ROME--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR), the sleep health, science, research and innovation leader, will announce new studies using its 360® smart bed at World Sleep 2022, the 16th international meeting of the World Sleep Society in Rome from March 11-16. Sleep Number will present results of its first study accepted for publication, which will appear in the journal Physiological Measurement, showing the potential of an algorithm to detect sleep stages in real-time using c

Sleep Number Announces New Research on Sleep Stages, Influenza Prediction, and Sleep Disorders Using Its 360® Smart Bed at World Sleep 2022

The mattress maker's ongoing supply chain crisis has no end in sight.

3 Reasons Why Sleep Number Stock Is Becoming a Nightmare

The company fell well short of expectations for its Q4.

News for Sleep Number Stock (SNBR)