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 Q3 2023

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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.

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (“Sleep Number” or the “Company”) (Nasdaq: SNBR), a wellness technology leader, today issued the following statement regarding the press release from Stadium Capital Management, LLC (“Stadium Capital”), one of the Company's shareholders: The Sleep Number Board and management team are committed to acting in the best interests of the Company and all of its shareholders. They maintain regular communication with the Company's shareholders and w.

Sleep Number Issues Statement Regarding Shareholder Letter

NEW CANAAN, Conn.--(BUSINESS WIRE)--Stadium Capital Management, LLC today sent the below letter to Sleep Number Corporation's (Nasdaq: SNBR) Board of Directors. *** September 13, 2023 Board of Directors Sleep Number Corporation 1001 Third Avenue South Minneapolis, Minnesota 55404 Members of the Board of Directors, Stadium Capital Management, LLC (collectively with its affiliates, “Stadium Capital” or “we”) is the beneficial owner of approximately 9% of the outstanding common shares of Sleep Num.

Stadium Capital Management Issues Letter to Sleep Number's Board of Directors Regarding the Urgent Need for Shareholder-Driven Change

Sleep Number is seeing declining sales as we come out of the COVID-19 pandemic. The company cannot generate consistent cash flow.

Why Sleep Number Stock Dipped This Week

MINNEAPOLIS--(BUSINESS WIRE)--Today, Sleep Number Corporation (Nasdaq: SNBR), a wellness technology leader, announced its Biggest Sale of the Year will begin on August 8. All Sleep Number smart beds will be on sale, which are designed to help sleepers get their best sleep and support their body's changing needs over time. Plus, 94% of Sleep Number® smart bed sleepers report better sleep quality vs a non-smart bed.* Highlights of science-backed innovations that will be on sale during Sleep Numbe.

Sleep Number Launches its Biggest Sale of the Year for Labor Day

Sleep Number has a high-quality business model. Sleep Number is working through short-term challenges. I am willing to look foolish owning Sleep Number to take advantage of its long-term potential.

Sleep Number: What's Your Edge?

Sleep Number posted sharp declines in sales and profits and cut its guidance for the year. Management expects demand to improve in the second half as it launches its next-gen portfolio.

Why Sleep Number Stock Was a Nightmare Today

Sleep Number (NASDAQ: SNBR ) stock is falling on Friday following the release of its latest earnings report and a new CFO. That earnings report starts with earnings per share of 3 cents.

Why Is Sleep Number (SNBR) Stock Down 25% Today?

Sleep Number Corporation (NASDAQ:SNBR ) Q2 2023 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants Dave Schwantes - VP, Finance, IR & FP&A Shelly Ibach - Chair, President & CEO Chris Krusmark - Interim CFO & Chief HRO Conference Call Participants Bobby Griffin - Raymond James Brad Thomas - KeyBanc Capital Markets Peter Keith - Piper Sandler Atul Maheswari - UBS Seth Basham - Bush Securities Operator Welcome to Sleep Number's Q2 2023 Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session.

Sleep Number Corporation (SNBR) Q2 2023 Earnings Call Transcript

Enphase Energy

Despite solid year-over-year growth, Enphase Energy was down in after-hours trading. Sleep Number's second-quarter results disappointed investors.

These 2 Stocks Are Fizzling Out After Hours Thursday

Sleep Number (SNBR) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to earnings of $1.54 per share a year ago.

Sleep Number (SNBR) Surpasses Q2 Earnings Estimates

Shares of Sleep Number Corp. SNBR jumped more than 20% in the extended session Thursday after the specialty retailer missed expectations for its quarterly sales and dialed down guidance for the year. Sleep Number said it earned $754 million, or 3 cents a share, in the quarter, compared with $35 million, $1.54 a share, in the year-ago quarter.

Sleep Number stock tanks more than 20% after revenue miss

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR), a wellness technology company, today announced the appointment of Francis Lee to Executive Vice President (EVP) and Chief Financial Officer (CFO), effective August 14, 2023. He will assume the role from Chris Krusmark, EVP and Chief Human Resources Officer, who has held the position of Interim CFO since January 2023. Lee has extensive experience in corporate finance and strategy; his leadership spans consumer product, retail.

Sleep Number Appoints Francis Lee to Executive Vice President and Chief Financial Officer

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) today reported results for the quarter ended July 1, 2023. “As we continue to navigate a challenging macro environment, our business is well positioned for growth. Demand has steadily improved year-to-date, and we expect this trend to continue in the back-half of the year as we benefit from the launch of our entire next generation smart bed portfolio, the Climate360 smart bed, and the advancement of our ‘Sleep Next Level' adv.

Sleep Number Announces Second Quarter 2023 Results

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Sleep Number's stock has seen a consistent downward trend over the past two years due to poor profitability, but there are signs of potential future growth. The company has suspended share buybacks and prioritized debt repayments in response to declining profitability and increased interest rates. Despite substantial debt and declining profitability, the company's stock seems to be undervalued, and a return to pre-Covid19 margins could lead to a significant increase in stock price.

Sleep Number's Rising Potential: A Bottom In Sight Despite Short-Term Losses

Wedbush analysts expect better sales and margins than the consensus estimate is calling for next quarter. Sleep Number is seeing margins rise from price increases and improving supply trends.

Why Sleep Number Stock Exploded Higher This Week

Sleep Number (SNBR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Sleep Number (SNBR) Expected to Beat Earnings Estimates: Should You Buy?

Sleep Number shares have gone from the high teens to nearly $40 since the end of May. An analyst boosted his price target this week, but it was just a $6 increase for a Wall Street firm that has a neutral rating on the stock.

1 Sleepy Stock That Has More Than Doubled Since the Start of Last Month

Sleep Number (SNBR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Sleep Number (SNBR) Shows Fast-paced Momentum But Is Still a Bargain Stock

Sleep Number Corporation demonstrated resilience amidst economic challenges, expanding its gross margin significantly in 2023, but faces potential overvaluation due to declining operating earnings growth rate and high P/E ratio. Despite uncertainties, the company's innovation-driven approach and strategic product launches present potential opportunities for growth, I recommend a cautious "hold" for the company's stock. The company's declining Operating Earnings Growth Rate and elevated P/E ratio suggest overvaluation, raising concerns about the stock's current price, despite strong Q1 results and gross margin expansion.

Sleep Number: A Promising Future Or Overhyped?

One analyst raised his price target for Sleep Number stock under the assumption that sales are beating expectations. If sales are trending well, then perhaps the company's profitability will land at the higher end of management's wide guidance range.

Here's Why Sleep Number Stock Popped Today

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) will release its fiscal second quarter results through July 1, 2023, after market close on Thursday, July 27, 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. The webcast replay will remain available for approximate.

Sleep Number Corporation to Announce Second Quarter 2023 Results on July 27th

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.

News for Sleep Number Stock (SNBR)