SNBR - Earnings announcements

Reports First Quarter 2026 Net Sales of $319 million Advances Turnaround Through Product and Brand Reset to Drive Sustainable Growth Continues Focus on Long-term Capital Structure Solutions, Including Strategic and Financing Options Sleep Number Corporation (NASDAQ:SNBR) today reported results for the quarter ended April 4, 2026. Linda Findley, President and CEO, commented, "Q1 came in as expected given the soft start to the year, but year-over-year demand improved steadily throughout the quarter, ending with growth in March over last year. We are confident in the early positive metrics we are seeing from our new product launch and marketing campaigns, and the customer feedback on o

Agreement with Existing Lenders Provides Additional $55 Million of Liquidity, Including a $25 Million Term Loan, and Relief on Certain Financial and Liquidity Covenants Company Remains Focused on New Product Rollout, New Marketing Campaign and Cost Management, while Evaluating Strategic Business Opportunities with its Advisors Performance Remains on Track with Company's 2026 First Quarter Expectations; Company to Announce First Quarter Results on May 12, 2026 Sleep Number (NASDAQ:SNBR) announced today that it has reached an agreement with its lenders that provides additional $55 million of liquidity, including a $25 million term loan, and relief on certain financial and liquidity cove

Reports FY2025 Net Sales of $1.4 Billion, Exceeding Adjusted EBITDA Guidance Realized $185 Million of Annualized Cost Savings Launches New Products as the Next Phase of Turnaround Strategy to Return to Profitable Growth Sleep Number Corporation (NASDAQ:SNBR) today reported results for fourth quarter and the year ended January 3, 2026. Linda Findley, President and CEO, commented, "Sleep Number exceeded 2025 guidance provided on our last earnings call. We are still in full turnaround mode and made significant progress against our new product and marketing strategies while continuing to reduce costs. For the full year 2025, pro-forma adjusted EBITDA margin was approximately 9% and anti

Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal fourth quarter and full year results through January 3, 2026, before market open on Thursday, March 12, 2026. Management will host its regularly scheduled conference call to discuss the company's results at 8:30 a.m. EDT (7:30 a.m. CDT; 5:30 a.m. PDT). To access the webcast, please visit the investor relations area of the Sleep Number website at ir.sleepnumber.com. The webcast replay will remain available for approximately 60 days. About Sleep Number Corporation Sleep Number® is the leader in personalized sleep wellness. Its mattresses are designed to evolve with each sleeper to help them feel and perform their best. With

Company Secured an Amendment and Extension of Bank Agreement Through 2027 Sleep Number Executing a Company-wide Turnaround to Reposition Brand, Expand Reach, and Reignite Growth Reported net sales of $343 million, down 19.6% compared with the third quarter of 2024 Delivered gross profit margin of 59.9%, compared to 60.8% for the same period last year Reduced third quarter operating expenses by $44.8 million, or 18%, year-over-year, before restructuring and other non-recurring costs. Reported net loss of $40 million, compared to a net loss of $3 million for the same period last year Delivered adjusted EBITDA of $13 million, down $14 million versus the same period last year Amend

Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal third quarter results through September 27, 2025, before market open on Wednesday, November 5, 2025. Management will host its regularly scheduled conference call to discuss the company's results at 8:30 a.m. ET (7:30 a.m. CT; 5:30 a.m. PT). To access the webcast, please visit the investor relations area of the Sleep Number website at 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

Cost Savings to Exceed Initial Targets While Maintaining Compliance with Debt Covenants Company Implementing Significant Changes to Business with Enhanced Marketing, Product Initiatives Reported net sales of $328 million, down 19.7% compared with the second quarter of 2024 Delivered gross profit margin of 59.1%, flat versus the prior year Reduced second quarter operating expenses by $48 million, or 21%, year-over-year, before restructuring and other non-recurring costs Reported net loss of $25 million, inclusive of a $13 million adjustment to valuation of deferred tax assets, compared to a net loss of $5 million for the same period last year Delivered adjusted EBITDA of $24

Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal second quarter results through June 28, 2025, before market open on Wednesday, July 30, 2025. Management will host its regularly scheduled conference call to discuss the company's results at 8:30 a.m. EDT (7:30 a.m. CDT; 5:30 a.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

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

Fourth quarter net sales declined 14% versus the prior year with demand down low-single digits Full year diluted loss per share of $0.68; full year "as adjusted" loss per share of $0.14, excluding $16 million of restructuring costs recorded in the fourth quarter Reduced operating expenses by $85 million in 2023; expect a further expense reduction of $40 million to $45 million in 2024 for a two-year total reduction of approximately $130 million (before restructuring costs) Expect 2024 adjusted EBITDA of $125 million to $145 million Sleep Number Corporation (NASDAQ:SNBR) today reported results for the year ended December 30, 2023. "While the consumer environment remains challen

Sleep Number Corporation (NASDAQ:SNBR) will release its fourth quarter and full year results through December 30, 2023, after market close on Thursday, February 22, 2024. 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 in

Third quarter net sales declined 13% versus the prior year to $473 million; third quarter diluted loss per share of $0.10 Initiated approximately $50 million of additional operating expense reduction actions for 2024 on top of an estimated $80 million for 2023 Updated 2023 EPS outlook to a loss of up to $0.70 per share, which includes an estimated $10 million or $0.35 per share of restructuring charges to be recorded in the fourth quarter Amended and right-sized bank facility to provide additional covenant flexibility through 2024 Sleep Number Corporation (NASDAQ:SNBR) today reported results for the quarter ended September 30, 2023. "The third quarter was challenging for Slee

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 approximately 60 days. About Sleep Number Corporation Sleep Number is a wellness technology company. Our purpose is to improve the health and wellbeing of society through higher quality sleep. Our innovations have improved 15 milli

Second quarter net sales were $459 million; demand down mid-single digits versus the prior year Reports second quarter diluted EPS of $0.03 2023 EPS outlook updated to a range of $1.25 to $1.75 per share Announces the appointment of Francis Lee to Executive Vice President and Chief Financial Officer 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 p

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 approximately 60 days. About Sleep Number Corporation Sleep Number is a wellness technology company. Over 14.5 million people have had their lives improved by our award-winning sleep innovations and are experiencing the physical, mental a

Net sales of $527 million were consistent with the prior year Net operating profit increased to $26 million, up $22 million versus the prior year, including a 160 basis point (bp) gross profit rate improvement year-over-year Diluted EPS of $0.51 versus $0.09 last year Reiterates full-year 2023 earnings outlook of $1.25 to $2.00 per diluted share 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 disrup

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. The webcast replay will remain available for approximately 60 days. About Sleep Number Corporation Sleep Number is a wellness technology company. Over 14.5 million people have had their lives improved by our award-winning sleep innovations and are experiencing the physical, mental

Fourth quarter net sales increased 1% versus the prior year Full year net sales decreased 3% to $2.11 billion, with full year diluted earnings per share (EPS) of $1.60 Generated $36 million of operating cash flows for the year and an Adjusted ROIC of 17.6% Provides 2023 earnings outlook of $1.25 to $2.00 per diluted share Sleep Number Corporation (NASDAQ:SNBR) today reported results for the year ended December 31, 2022. "As we navigated a series of significant macro challenges in 2022, we achieved important strategic advancements that strengthen our sleep technology leadership. These advancements will position Sleep Number to capitalize on profitable growth opportunities when the

Executive Vice President and Chief Financial Officer David Callen Stepping Down Company Provides Preliminary Full Year 2022 Net Sales and Earnings Per Diluted Share Ahead of Earnings Call Scheduled for February 22nd 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. Callen has been a part of the Sleep Number executive leadership team since April 2014, overseeing th

Third-quarter net sales declined 16% versus the prior year as expected on semiconductor chip supply constraints Third-quarter diluted EPS of $0.22 ahead of expectation for breakeven profits Revised 2022 EPS outlook to a range of $1.50 to $2.00 per diluted share due to constrained, uneven flow of chip supply and softer demand Sleep Number Corporation (NASDAQ:SNBR) today reported results for the quarter ended October 1, 2022. "We continue to navigate a very difficult environment, including persistent electronic chip inventory constraints and softer-than-expected consumer demand. We are aggressively pursuing actions to improve supply, margin, and demand," said Shelly Ibach, Chair, Pres

Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal third quarter results through October 1, 2022, after market close on Wednesday, October 26, 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 days. About Sleep Number Corporation Sleep Number is a leader in sleep and wellness technology. Our 360® smart bed platform connects the physical and digital worlds, creating an immersive, adaptive, and individualized

Second-quarter net sales increased 13% and diluted EPS grew 75% versus the prior year Year-to-date net sales increased 2% with year-to-date diluted EPS of $1.60 versus $3.44 for the same period last year on constrained electronics supply, inflation pressures and low consumer sentiment Updated 2022 EPS outlook to a range of $3.00 to $4.00 per share 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 2

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 days. About Sleep Number Corporation Individuality is the foundation of Sleep Number. Our purpose driven company is comprised of over 5,500 passionate team members who are dedicated to our mission of improving lives by individual

Net sales declined 7% versus the prior year on constrained supply of semiconductor chips Demand for the quarter declined 3% on acute macro factors in January and March; backlog increased 20% since December Diluted EPS of $0.09 on lower-than-expected delivered net sales due to worsened external factors Updated 2022 EPS outlook to a range of $5.00 to $6.00 per share 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 f

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 days. About Sleep Number Corporation Individuality is the foundation of Sleep Number. Our purpose driven company is comprised of over 5,000 passionate team members who are dedicated to our mission of improving lives by individua

Fourth-quarter demand increased high-single digits over prior-year demand (adjusted for extra fiscal week last year); a late receipt of semiconductor components from a large global supplier delayed more than $125 million of delivered net sales Full-year net sales grew to a record $2.18 billion with full-year diluted earnings per share (EPS) of $6.16 Generated record operating cash flows of $300 million for the year and full-year ROIC of 27.6% Provides 2022 outlook for a 10-15% increase in diluted EPS versus 2021, including constrained first quarter Sleep Number Corporation (NASDAQ:SNBR) today reported results for the year ended January 1, 2022. "Strong demand for Sleep Number's 36

Sleep Number Corporation (NASDAQ:SNBR) will release its fourth quarter and full year results through January 1, 2022, after market close on Wednesday, February 23, 2022. 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 Individuality is the foundation of Sleep Number. Our purpose driven company is comprised of over 5,000 passionate team members who are dedicated to our mission of improvin

Third-quarter net sales grew 21% to a record $640 million (+35% versus 2019); generated double-digit demand growth for fourth consecutive third quarter Third-quarter operating income increased 4% to a record $73 million (+86% versus 2019), while absorbing significant input cost increases; year-to-date operating income increased 62% versus prior year Third-quarter diluted EPS grew 24% to $2.22; year-to-date EPS of $5.63 increased 106% versus last year (+199% versus 2019) Generated $293 million in year-to-date operating cash flows and a trailing twelve-month (ttm) ROIC greater than 34% Sleep Number Corporation (NASDAQ:SNBR) today reported results for the quarter ended October 2, 2021

Sleep Number Corporation (NASDAQ:SNBR) will release its third quarter results through October 2, 2021, after market close on Wednesday, October 27, 2021. 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 Individuality is the foundation of Sleep Number. Our purpose driven company is comprised of over 5,000 passionate team members who are dedicated to our mission of improving lives by indiv

Raises Full-Year Earnings Outlook Year-to-date demand up more than 40% versus 2019; drove 18% average demand growth over the last twelve quarters Grew second-quarter net sales 70% (+36% versus 2019) with year-to-date net sales up 39% (+35% versus 2019) Reported second-quarter diluted EPS of $0.88; year-to-date EPS of $3.44, up 270% versus last year (+262% versus 2019) Generated $161 million in year-to-date operating cash flows and a trailing twelve-months ROIC greater than 33% Raised full-year 2021 EPS outlook to at least $7.25 versus prior EPS outlook of at least $6.50 Sleep Number Corporation (NASDAQ:SNBR) today reported results for the quarter ended July 3, 2021. "Our differ