Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also offers adjustable bases under the FlextFit name; temperature-balancing products, including DualTemp layer; SleepIQ Kids k2 beds for kids; and smart beds under the Sleep Number 360 and 360 names. The company sells its products directly to consumers through retail, online, phone, and chat as well as through wholesale. As of January 2, 2021, it operated approximately 602 retail stores in 50 states. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.
IPO Year:
Exchange: NASDAQ
Website: sleepnumber.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/21/2022 | $62.00 → $49.00 | Overweight → Neutral | Piper Sandler |
| 3/28/2022 | $80.00 → $54.00 | Outperform → Neutral | Wedbush |
| 2/24/2022 | $80.00 → $65.00 | Neutral | UBS |
| 2/4/2022 | $85.00 → $88.00 | Neutral → Outperform | Wedbush |
New leadership structure represents a step change for the organization in efficiency and accountability Sleep Number Corporation (NASDAQ:SNBR) today announced a series of changes to its Executive Leadership Team, reporting into Linda Findley, President and CEO, aimed to grow and support its near- and long-term strategy. These changes are part of the company's organizational redesign, creating a more streamlined decision-making process to deliver on efficiency and increased accountability. "Since joining Sleep Number, I have been evaluating opportunities to create a more focused organization to bring us closer to our customer," said Findley. "The changes are part of our efforts to strength
Management Implements New Organizational Structure, Driving Company-Wide Efficiency, Including Marketing, Research and Development and General and Administrative Costs New Structure Aims to Improve Cash Generation and Shareholder Value Net sales in the first quarter of $393 million, down 16% compared with the first quarter of 2024 Gross profit margin of 61.2%, up 250 basis points versus the prior year Reduced first quarter operating expenses by $23 million year-over-year, before restructuring and other non-recurring costs Reported first quarter net loss of $8.6 million, compared with a net loss of $7.5 million for the same period last year Delivered first quarter adjusted EBITDA
Sleep Number Corporation (NASDAQ:SNBR) today announced that it granted equity awards on April 15, 2025, as a material inducement to the employment of the company's newly-hired President and Chief Executive Officer, Linda A. Findley. As previously disclosed, in connection with the appointment of Findley as President and Chief Executive Officer effective April 7, 2025, Sleep Number granted Findley employment inducement awards consisting of: (i) 362,057 shares in a time-vested restricted stock unit award with a stock performance modifier that vests in three equal installments on each anniversary from the date of grant; (ii) 181,028 shares in a performance stock unit award vesting on the third
Minson's priorities include an increase in marketing efficiency while establishing a foundation for growth Sleep Number Corporation (NASDAQ:SNBR) today announced that Amber Minson will join the company as Executive Vice President and Chief Marketing Officer (CMO) on May 12, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250416676716/en/Sleep Number announced Amber Minson will join the company as Executive Vice President and Chief Marketing Officer on May 12, 2025. Minson will lead the company's integrated marketing strategy, driving sustained demand generation, enhancing brand visibility and delivering media efficiency. Sh
Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal first quarter results through March 29, 2025, after market close on Wednesday, April 30, 2025. 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 days. About Sleep Number Corporation Sleep Number is a sleep wellness company. We are guided by our purpose to improve the health and wellbeing of society through higher quality sleep; to date, our innovations have impro
GEM HEALTH's flagship product GEM SLEEP is now accessible through Sleep Number Corporation's new BreatheIQ™ digital sleep health app, providing a seamless connection point for users. MINNEAPOLIS, March 25, 2025 /PRNewswire/ -- Gem Specialty Health, Inc. (GEM HEALTH), the nationwide virtual specialty care company transforming sleep care, announced today that it has partnered with Sleep Number Corporation (NASDAQ:SNBR) to provide a seamless connection to GEM's virtual sleep care. Users of Sleep Number's newly introduced BreatheIQ can easily connect to GEM SLEEP to start a care j
Snoring can be more than just an annoyance and may indicate underlying health conditions; new technology helps sleepers understand what their snore may mean, offers information about potential health implications, and connects sleepers to a virtual care clinic for potential diagnosis Today, Sleep Number Corporation (NASDAQ:SNBR), a sleep wellness leader, introduced an innovative new app to support the sleep health of millions of snorers. With a free download, BreatheIQ™ allows users to understand what their snore may mean and why breathing irregularities like snoring may matter to their health. Sleep Number already offers smart bed and bases that help to reduce nighttime snoring, such as t
Significant changes enable a smaller, more agile Board structure Sleep Number Corporation (NASDAQ:SNBR) ("Sleep Number") today announced that it has entered into an Agreement (the "Agreement") with Stadium Capital Management, LLC (collectively with its affiliates, "Stadium Capital"), the company's largest shareholder. As part of the Agreement, and combined with other recent announcements, five current members of the Sleep Number Board of Directors (the "Board") will be retiring. As previously announced, Michael J. Harrison and Shelly R. Ibach will not stand for reelection to the Board at the company's 2025 Annual Meeting of Shareholders (the "2025 Annual Meeting"). Pursuant to the Agreeme
Findley has a demonstrated record of accelerating growth and transformation across diverse consumer business models Phillip Eyler to become independent Board Chair, effective after the 2025 Annual Meeting of Shareholders Sleep Number Corporation (NASDAQ:SNBR) today announced that its Board of Directors (the "Board") has appointed Linda Findley as the company's new President and Chief Executive Officer, and as a member of the Board, effective April 7, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250305807579/en/Linda Findley will assume the role of Sleep Number President and CEO on April 7, 2025 (Photo: Business Wire) Fi
Delivered a fourth quarter gross profit rate of 59.9%, up 330 basis points (bp) versus the prior year, with a full-year gross profit rate of 59.6%, up 190 bp versus the prior year Reduced fourth operating expenses by $28 million year-over-year, with an $88 million reduction for full year 2024 (before restructuring costs) Reported a fourth quarter net loss of $5 million compared with a net loss of $25 million for the same period last year Delivered fourth quarter adjusted EBITDA of $26 million, up 43% versus the same period last year, with full year adjusted EBITDA of $120 million which was at the midpoint of our most recent earnings outlook Announced in a separate press release the
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Piper Sandler downgraded Sleep Number from Overweight to Neutral and set a new price target of $49.00 from $62.00 previously
Wedbush downgraded Sleep Number from Outperform to Neutral and set a new price target of $54.00 from $80.00 previously
UBS reiterated coverage of Sleep Number with a rating of Neutral and set a new price target of $65.00 from $80.00 previously
Wedbush upgraded Sleep Number from Neutral to Outperform and set a new price target of $88.00 from $85.00 previously
Piper Sandler reiterated coverage of Sleep Number with a rating of Overweight and set a new price target of $165.00 from $108.00 previously
Piper Sandler reiterated coverage of Sleep Number with a rating of and set a new price target of $165.00 from $108.00 previously
Piper Sandler reiterated coverage of Sleep Number with a rating of Overweight and set a new price target of $165.00 from $108.00 previously
Wedbush reiterated coverage of Sleep Number with a rating of Neutral and set a new price target of $130.00 from $120.00 previously
UBS upgraded Sleep Number from Sell to Neutral and set a new price target of $135.00 from $65.00 previously
Wedbush reiterated coverage of Sleep Number with a rating of Neutral and set a new price target of $129.00 from $52.00 previously
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Management Implements New Organizational Structure, Driving Company-Wide Efficiency, Including Marketing, Research and Development and General and Administrative Costs New Structure Aims to Improve Cash Generation and Shareholder Value Net sales in the first quarter of $393 million, down 16% compared with the first quarter of 2024 Gross profit margin of 61.2%, up 250 basis points versus the prior year Reduced first quarter operating expenses by $23 million year-over-year, before restructuring and other non-recurring costs Reported first quarter net loss of $8.6 million, compared with a net loss of $7.5 million for the same period last year Delivered first quarter adjusted EBITDA
Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal first quarter results through March 29, 2025, after market close on Wednesday, April 30, 2025. 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 days. About Sleep Number Corporation Sleep Number is a sleep wellness company. We are guided by our purpose to improve the health and wellbeing of society through higher quality sleep; to date, our innovations have impro
Delivered a fourth quarter gross profit rate of 59.9%, up 330 basis points (bp) versus the prior year, with a full-year gross profit rate of 59.6%, up 190 bp versus the prior year Reduced fourth operating expenses by $28 million year-over-year, with an $88 million reduction for full year 2024 (before restructuring costs) Reported a fourth quarter net loss of $5 million compared with a net loss of $25 million for the same period last year Delivered fourth quarter adjusted EBITDA of $26 million, up 43% versus the same period last year, with full year adjusted EBITDA of $120 million which was at the midpoint of our most recent earnings outlook Announced in a separate press release the
Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal fourth quarter and full year results through December 28, 2024, after market close on Wednesday, March 5, 2025. 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 approximately 60 days. About Sleep Number Corporation Sleep Number is a wellness technology company. We are guided by our purpose to improve the health and wellbeing of society through higher quality sleep; to date, our
COMPANY ALSO ANNOUNCES CHAIR, PRESIDENT AND CEO SHELLY IBACH TO RETIRE Reported third quarter net sales of $427 million; delivered adjusted EBITDA of $28 million for the quarter which was consistent with expectations Achieved gross margin rate of 60.8% for the third quarter, up 340 basis points versus last year, ahead of expectations and the highest quarterly gross margin rate since the third quarter of 2021 Reduced operating expenses by $17 million for the third quarter and $60 million year-to-date (before restructuring costs) Increased year-to-date free cash flow by $50 million compared with the same period last year Updated full-year 2024 adjusted EBITDA outlook to a revised ra
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 approximately 60 days. About Sleep Number Corporation Sleep Number is a wellness technology company. We are guided by our purpose to improve the health and wellbeing of society through higher quality sleep; to date, our innovations
Generated adjusted EBITDA of $28 million for the second quarter Delivered gross margin rate of 59.1% for the second quarter, up 150 basis points versus last year and ahead of expectations Reduced operating expenses by $19 million year-over-year for the quarter and $44 million year-to-date (both periods before restructuring costs) Year-to-date free cash flow increased $21 million compared with the same period last year Reiterate full-year 2024 adjusted EBITDA outlook of $125 million to $145 million 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
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 days. About Sleep Number Corporation Sleep Number is a sleep wellness technology leader. Our life-changing innovations revolutionized the commoditized sleep industry and awakened consumers to the possibility of proven quality
Net sales of $470 million; adjusted EBITDA of $37 million slightly ahead of expectations Reduced operating expenses by $24 million year-over-year (before restructuring costs) and remain on track to deliver $40 million to $45 million of operating expense reductions for the year Free cash flow increased $21 million compared with the prior year's first quarter Reiterate full-year 2024 adjusted EBITDA outlook of $125 million to $145 million Sleep Number Corporation (NASDAQ:SNBR) today reported results for the quarter ended March 30, 2024. "Our actions to increase operating model efficiencies drove first quarter adjusted EBITDA and gross margin rate ahead of our expectations. We a
Sleep Number Corporation (NASDAQ:SNBR) will release its first quarter results through March 30, 2024, after market close on Wednesday, April 24, 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 days. About Sleep Number Corporation Sleep Number is a sleep wellness technology leader. Our life-changing innovations revolutionized the commoditized sleep industry and awakened consumers to the possibility of proven quality
Sleep Number Corporation (NASDAQ:SNBR) today announced that it granted equity awards on April 15, 2025, as a material inducement to the employment of the company's newly-hired President and Chief Executive Officer, Linda A. Findley. As previously disclosed, in connection with the appointment of Findley as President and Chief Executive Officer effective April 7, 2025, Sleep Number granted Findley employment inducement awards consisting of: (i) 362,057 shares in a time-vested restricted stock unit award with a stock performance modifier that vests in three equal installments on each anniversary from the date of grant; (ii) 181,028 shares in a performance stock unit award vesting on the third
Minson's priorities include an increase in marketing efficiency while establishing a foundation for growth Sleep Number Corporation (NASDAQ:SNBR) today announced that Amber Minson will join the company as Executive Vice President and Chief Marketing Officer (CMO) on May 12, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250416676716/en/Sleep Number announced Amber Minson will join the company as Executive Vice President and Chief Marketing Officer on May 12, 2025. Minson will lead the company's integrated marketing strategy, driving sustained demand generation, enhancing brand visibility and delivering media efficiency. Sh
Findley has a demonstrated record of accelerating growth and transformation across diverse consumer business models Phillip Eyler to become independent Board Chair, effective after the 2025 Annual Meeting of Shareholders Sleep Number Corporation (NASDAQ:SNBR) today announced that its Board of Directors (the "Board") has appointed Linda Findley as the company's new President and Chief Executive Officer, and as a member of the Board, effective April 7, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250305807579/en/Linda Findley will assume the role of Sleep Number President and CEO on April 7, 2025 (Photo: Business Wire) Fi
Today, Sleep Number Corporation (NASDAQ:SNBR) ("Sleep Number" or the "Company") issued the following statement in response to the public letter to shareholders from Stadium Capital Management, LLC (together with its affiliates, "Stadium"): The Board of Directors (the "Board") and leadership team of Sleep Number welcome shareholder input and suggestions. To that end, we have engaged extensively with Stadium and last November added two directors recommended by Stadium to the Board. Over the last 12 months, members of our Board and leadership team have spoken with Stadium on more than a dozen occasions, and Stadium participated in four meetings with the Board's Capital Allocation and Value E
Calls on Sleep Number to Collaborate with its Largest Shareholder to Add New Directors to the Board, Appoint an Executive Chairman and Ensure a Wholly Independent CEO Search Process to Identify the Company's Next Leader Encourages Shareholders to Make Their Concerns with Sleep Number's Unacceptable Performance and Self-Preservation Tactics Known by Communicating Them to the Company Intends to Nominate Exceptionally Qualified Directors Should the Board Remain Unwilling to Work with Stadium on Changes Necessary to Unlock the Tremendous Value Trapped in Sleep Number's Shares Stadium Capital Management, LLC today sent the below letter to shareholders of Sleep Number Corporation (NASDAQ:SN
Minnesota's longest tenured female public company CEO transformed mattress retailer into wellness technology company, built iconic Sleep Number brand Company also shares plans for additional Board and corporate governance changes 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 s
SAN CARLOS, Calif., Oct. 28, 2024 /PRNewswire/ -- Sonder Capital, a leading healthcare venture firm focused on innovative technologies ushering in a new standard of care in medicine, announced the addition of Deborah Kilpatrick, Ph.D., former CEO of Evidation Health and co-founder of MedtechWomen, as a Venture Partner. Kilpatrick earned her Ph.D. from Georgia Tech in mechanical engineering with a focus in bioengineering and a minor in applied mathematics. Most recently, she was the CEO and Executive Chair of the Board at Evidation Health, a technology company that pioneered th
NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Worthington Steel Inc. (NYSE:WS) will be added to the S&P SmallCap 600 effective prior to the open of trading on Friday, December 1, replacing Sleep Number Corp. (NASD: SNBR) which will be removed from the S&P SmallCap 600 effective before the open of trading on Monday, December 4. S&P SmallCap 600 constituent Worthington Industries Inc. (NYSE:WOR) is spinning off Worthington Steel in a transaction expected to be completed on December 1. Post spin-off, the parent Worthington Industries will remain in the S&P SmallCap 600 and will change its name to Worthington Enterprises Inc. It will also have a GICS sector change to Consumer Discretionary. Sleep Numb
Announces Cooperation Agreement with Shareholder Stadium Capital Board to Form a Capital Allocation Committee, Comprised of New and Tenured Directors, to Provide Analysis and Recommendations to Board 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. Steve Macadam is the Chai
Sleep Number joins the two organizations in their annual cancer awareness and early detection initiative and introduces a new resource, "The Defender Presented by Sleep Number" 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 sales of Crucial Catch branded merchandise, NFL Auc