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.

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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.

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MINNEAPOLIS--(BUSINESS WIRE)--Today, Sleep Number Corporation (Nasdaq: SNBR), a wellness technology leader, announced that – with the recommendation from a health care provider to help with a medical condition – sleepers may be able to apply their Health Savings Account (HSA) and Flex Spending Account (FSA) to their Sleep Number smart bed purchase. The cutting-edge Sleep Number smart beds provide unmatched value: they use the science of each individual's personal sleep to effortlessly adjust fi.

Sleep Number® Smart Beds May be an Eligible HSA/FSA Purchase, Helping More Sleepers Achieve Quality Sleep

While the top- and bottom-line numbers for Sleep Number (SNBR) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Sleep Number (SNBR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Sleep Number announced significantly weaker-than-expected results for its third quarter -- including a surprise net loss -- blaming an "abrupt" deceleration in demand starting in August. The company promptly began implementing restructuring initiatives, which will include broad-based head count reductions and dozens of store closures by the end of 2024.

Why Sleep Number Stock Plummeted Today

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Markets continued to move higher on Wednesday morning. Sleep Number reported declining revenue and increased its projections for losses in 2023.

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Chief Executive Shelly Ibach says the bedding industry has been operating at recessionary levels for two years.

Sleep Number Tanks on Surprise Loss and Weak Industry Demand

Sleep Number (NASDAQ: SNBR ) stock is taking a beating on Wednesday after the mattress company announced results from its Q3 2023 earnings report. The bad news for investors in SNBR stock starts with the company's diluted earnings per share of -10 cents.

Why Is Sleep Number (SNBR) Stock Down 40% Today?

Sleep Number Corporation (NASDAQ:SNBR ) Q3 2023 Results Conference Call November 7, 2023 5:00 PM ET Company Participants Dave Schwantes - VP, Finance and IR Shelly Ibach - Chair, President and CEO Francis Lee - CFO Conference Call Participants Bobby Griffin - Raymond James Peter Keith - Piper Sandler Brad Thomas - KeyBanc Capital Markets Atul Maheswari - UBS Operator Thank you. Welcome to Sleep Number's Q3 2023 Earnings Conference Call.

Sleep Number Corporation (SNBR) Q3 2023 Earnings Call Transcript

Shares of Sleep Number Corp. tanked 30% in the after-hours session Tuesday after the mattress maker and retailer swung to a surprise quarterly loss, predicted a loss for the full year and said it reached an agreement with a shareholder that had been pushing for change.

Sleep Number's stock falls 30% as company saw demand change ‘abruptly'

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) today reported results for the quarter ended September 30, 2023. “The third quarter was challenging for Sleep Number and the bedding industry as the consumer demand trajectory changed abruptly midway through the quarter,” said Shelly Ibach, Chair, President and CEO, Sleep Number. “In response, we acted quickly to further reduce costs, recalibrate our sales and marketing approach, and amend our credit agreement to provide addi.

Sleep Number Announces Third Quarter 2023 Results

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) today announced that it has appointed Stephen E. Macadam and Hilary A. Schneider to its Board of Directors (the “Board”), effective immediately, expanding the Board to twelve members. In conjunction with the appointments, Sleep Number entered into a cooperation agreement (the “Cooperation Agreement”) with Stadium Capital Management, LLC (collectively with its affiliates, “Stadium Capital”), one of the company's shareholders.

Sleep Number Appoints Two New Independent Directors, Stephen Macadam and Hilary Schneider

MINNEAPOLIS--(BUSINESS WIRE)--Today, Sleep Number Corporation (Nasdaq: SNBR), a wellness technology leader, announced it earned the highest position in the J.D. Power 2023 U.S. Mattress Satisfaction Study for mattresses purchased in-store. Sleep Number was named first in terms of price, variety of features and warranty factors. This award marks the fourth time Sleep Number has received this distinction by J.D. Power.* “We are honored to be named America's No. 1 brand for customer satisfaction w.

Sleep Number Earns J.D. Power Award, Ranking #1 in Customer Satisfaction with Mattresses Purchased In-store

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) Q3 Earnings Expected to Decline

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) will release its fiscal third quarter results through September 30, 2023, after market close on Tuesday, November 7, 2023. Management will host its regularly scheduled conference call to discuss the company's results at 5 p.m. EST (4 p.m. CST; 2 p.m. PST). 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 appr.

Sleep Number Corporation to Announce Third Quarter 2023 Results on November 7th

MINNEAPOLIS , Oct. 30, 2023 /PRNewswire/ -- Blue Clay Capital CO III, Long-Term Shareholders of Sleep Number Corporation (NASDAQ: SNBR), Sent Letter To Sleep Number Board Urging Them To Immediately Elect Three Stadium Capital Board Representatives. We are long-term shareholders who through our combined interests currently own over 1% of Sleep Number and sought shareholder board representation in 2015.

Blue Clay Capital Issues Statement Regarding Sleep Number Corporation

Sleep Number's business is negatively impacted by higher interest rates. Fortunately, the company isn't immediately impacted by macroeconomic conditions because it maintains a backlog of orders it works through.

Why Sleep Number Stock Dropped Today

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Why Chewy, Newegg, and Sleep Number Surged Today

MINNEAPOLIS--(BUSINESS WIRE)--Today, Sleep Number Corporation (Nasdaq: SNBR), a wellness technology leader, announced new research presented at the Heart Failure Society of America (HFSA) Annual Scientific Meeting in Cleveland. Data presented show results of a study in collaboration with investigators at Mayo Clinic analyzing the connection between sleep abnormalities and heart failure with preserved ejection fraction (HFpEF), the most common cause of heart failure. The study, titled "Sleep Abn.

Sleep Number Unveils New Research Linking Sleep Abnormalities with Risk of Heart Failure

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MINNEAPOLIS--(BUSINESS WIRE)--Today, wellness technology leader Sleep Number Corporation (Nasdaq: SNBR) announced they are the first “Official Crucial Catch Partner of the NFL,” joining forces with the NFL and the American Cancer Society (ACS) in the fight against cancer. Crucial Catch was started by the NFL in 2009 to empower fans to take their health into their own hands through cancer screening, education and risk detection. To date, the initiative has raised over $27 million for ACS through.

Sleep Number, National Football League and the American Cancer Society Team Up to Deliver Cancer Resources during Crucial Catch

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.

News for Sleep Number Stock (SNBR)