Sleep Number Announces Second Quarter 2024 Results

7/31/24 4:01:00 PM ET

$SNBR

Home Furnishings

Consumer Discretionary

Get the next $SNBR alert in real time by email

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, operating expenses and free cash flow, as our teams continue to execute sustainable changes across the business. In the second quarter, we delivered gross margin rate expansion and adjusted EBITDA slightly ahead of expectations, despite facing a more challenging industry sales environment than anticipated," said Shelly Ibach, Chair, President and CEO. "In this environment, we continue to prioritize paying down debt and reducing leverage. Our more durable operating model is enabling us to effectively navigate the persistent macroeconomic headwinds and prolonged industry recession, while positioning us for even greater profitability when the industry recovers."

Second Quarter Overview

Net sales of $408 million were down 11% versus the prior year, including approximately six percentage points of pressure from year-over-year order backlog changes
Gross margin of 59.1% was up 150 basis points versus the prior year, driven by ongoing product cost reductions through value engineering and supplier negotiations, efficiency gains in our home delivery and logistics operations and improved product returns rates
Operating expenses of $234 million (before restructuring charges) were down $19 million versus the prior year's second quarter, including broad-based cost reductions across the business
Adjusted EBITDA of $28 million compared to $35 million last year, with a higher gross margin rate and $19 million operating expense improvement, partially offsetting the year-over-year net sales decline

Cash Flows and Liquidity Review

Net cash provided by operating activities of $24 million for the first six months of the year, a $5 million increase versus the same period last year
Free cash flow of $9 million for the first six months of the year, up $21 million versus the same period last year
Leverage ratio of 4.4x EBITDAR at the end of the second quarter versus covenant maximum of 5.5x for the quarter

Financial Outlook

The company reiterates its outlook for 2024 adjusted EBITDA of $125 million to $145 million. We expect a mid-single digit net sales decline for the year. For the second half of the year, we expect demand and net sales to be flat to down low-single digits versus the prior year, as we lap easier comparisons from the prior year and benefit from demand driving initiatives. The company expects at least 100 basis points of gross margin rate improvement and $14 million of restructuring charges for the year. The company now expects to generate $50 million to $70 million of free cash flow with capital expenditures of $30 million.

Conference Call Information

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) today. 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. We have also posted an updated investor presentation to the investor relations area of the Sleep Number website.

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 have improved over 15 million lives. Our wellness technology platform helps solve sleep problems, whether it's providing individualized temperature control for each sleeper through our Climate360^® smart bed or applying our nearly 28 billion hours of longitudinal sleep data and expertise to research with global institutions.

Our smart bed ecosystem drives best-in-class engagement through dynamic, adjustable, and effortless sleep with personalized digital sleep and health insights; our millions of Smart Sleepers are loyal brand advocates. And our 3,800 mission-driven team members passionately innovate to drive value creation through our vertically integrated business model, including our exclusive direct-to-consumer selling in nearly 650 stores and online.

To learn more about life-changing, individualized sleep, visit a Sleep Number^® store near you, our newsroom and investor relations sites, or SleepNumber.com

Forward-looking Statements

Statements used in this news release relating to future plans, events, financial results or performance, such as the statement that the company continues to prioritize paying down debt and reducing leverage and that the company's more durable operating model is enabling the company to effectively navigate the persistent macroeconomic headwinds and prolonged industry recession, while positioning the company for even greater profitability, and the company's financial outlook, including the company's expected 2024 adjusted EBITDA and future net sales, demand, gross margin, and free cash flow expectations, are forward-looking statements subject to certain risks and uncertainties which could cause the company's results to differ materially. The most important risks and uncertainties are described in the company's filings with the Securities and Exchange Commission, including in Item 1A of the company's Annual Report on Form 10-K and other periodic reports. Forward-looking statements speak only as of the date they are made, and the company does not undertake any obligation to update any forward-looking statement.

SLEEP NUMBER CORPORATION AND SUBSIDIARIES *Consolidated Statements of Operations* (unaudited – in thousands, except per share amounts)

	Three Months Ended
	June 29, 2024			% of Net Sales		July 1, 2023		% of Net Sales
Net sales	$	408,413		100.0	%	$	458,789	100.0	%
Cost of sales		166,923		40.9	%		194,544	42.4	%
Gross profit		241,490		59.1	%		264,245	57.6	%
Operating expenses:
Sales and marketing		182,400		44.7	%		197,779	43.1	%
General and administrative		39,573		9.7	%		39,795	8.7	%
Research and development		11,578		2.8	%		15,445	3.4	%
Restructuring costs		1,819		0.4	%		—	0.0	%
Total operating expenses		235,370		57.6	%		253,019	55.1	%
Operating income		6,120		1.5	%		11,226	2.4	%
Interest expense, net		12,270		3.0	%		9,948	2.2	%
(Loss) income before income taxes		(6,150	)	(1.5	%)		1,278	0.3	%
Income tax (benefit) expense		(1,099	)	(0.3	%)		524	0.1	%
Net (loss) income	$	(5,051	)	(1.2	%)	$	754	0.2	%

Net (loss) income per share – basic	$	(0.22	)			$	0.03

Net (loss) income per share – diluted	$	(0.22	)			$	0.03

Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding		22,614					22,460
Dilutive effect of stock-based awards		—					42
Diluted weighted-average shares outstanding		22,614					22,502

For the three months ended June 29, 2024, potentially dilutive stock-based awards have been excluded from the calculation of diluted weighted-average shares outstanding, as their inclusion would have had an anti-dilutive effect on our net loss per diluted share.


SLEEP NUMBER CORPORATION AND SUBSIDIARIES *Consolidated Statements of Operations* (unaudited – in thousands, except per share amounts)

	Six Months Ended
	June 29, 2024			% of Net Sales		July 1, 2023		% of Net Sales
Net sales	$	878,862		100.0	%	$	985,316	100.0	%
Cost of sales		361,198		41.1	%		410,806	41.7	%
Gross profit		517,664		58.9	%		574,510	58.3	%
Operating expenses:
Sales and marketing		390,912		44.5	%		428,267	43.5	%
General and administrative		78,652		8.9	%		79,196	8.0	%
Research and development		24,019		2.7	%		29,888	3.0	%
Restructuring costs		12,419		1.4	%		—	0.0	%
Total operating expenses		506,002		57.6	%		537,351	54.5	%
Operating income		11,662		1.3	%		37,159	3.8	%
Interest expense, net		24,569		2.8	%		19,050	1.9	%
(Loss) income before income taxes		(12,907	)	(1.5	%)		18,109	1.8	%
Income tax (benefit) expense		(374	)	0.0	%		5,890	0.6	%
Net (loss) income	$	(12,533	)	(1.4	%)	$	12,219	1.2	%

Net (loss) income per share – basic	$	(0.56	)			$	0.55

Net (loss) income per share – diluted	$	(0.56	)			$	0.54

Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding		22,560					22,378
Dilutive effect of stock-based awards		—					165
Diluted weighted-average shares outstanding		22,560					22,543

For the six months ended June 29, 2024, potentially dilutive stock-based awards have been excluded from the calculation of diluted weighted-average shares outstanding, as their inclusion would have had an anti-dilutive effect on our net loss per diluted share.


SLEEP NUMBER CORPORATION AND SUBSIDIARIES *Consolidated Balance Sheets* (unaudited – in thousands, except per share amounts) subject to reclassification

	June 29, 2024			December 30, 2023
Assets
Current assets:
Cash and cash equivalents	$	2,020		$	2,539
Accounts receivable, net of allowances of $1,098 and $1,437, respectively		20,272			26,859
Inventories		95,845			115,433
Prepaid expenses		21,322			16,660
Other current assets		37,925			44,637
Total current assets		177,384			206,128
Non-current assets:
Property and equipment, net		153,676			179,503
Operating lease right-of-use assets		373,518			395,411
Goodwill and intangible assets, net		66,523			66,634
Deferred income taxes		25,397			20,253
Other non-current assets		87,147			82,951
Total assets	$	883,645		$	950,880
Liabilities and Shareholders' Deficit
Current liabilities:
Borrowings under revolving credit facility	$	540,200		$	539,500
Accounts payable		106,039			135,901
Customer prepayments		44,518			49,143
Accrued sales returns		20,531			22,402
Compensation and benefits		35,305			28,273
Taxes and withholding		16,563			17,134
Operating lease liabilities		80,914			81,760
Other current liabilities		56,500			61,958
Total current liabilities		900,570			936,071
Non-current liabilities:
Operating lease liabilities		327,810			351,394
Other non-current liabilities		102,229			105,343
Total non-current liabilities		430,039			456,737
Total liabilities		1,330,609			1,392,808
Shareholders' deficit:
Undesignated preferred stock; 5,000 shares authorized, no shares issued and outstanding		—			—
Common stock, $0.01 par value; 142,500 shares authorized, 22,355 and 22,235 shares issued and outstanding, respectively		224			222
Additional paid-in capital		24,211			16,716
Accumulated deficit		(471,399	)		(458,866	)
Total shareholders' deficit		(446,964	)		(441,928	)
Total liabilities and shareholders' deficit	$	883,645		$	950,880


SLEEP NUMBER CORPORATION AND SUBSIDIARIES *Consolidated Statements of Cash Flows* (unaudited – in thousands) subject to reclassification

	Six Months Ended
	June 29, 2024			July 1, 2023
Cash flows from operating activities:
Net (loss) income	$	(12,533	)	$	12,219
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization		34,177			36,749
Stock-based compensation		8,109			9,890
Net loss on disposals and impairments of assets		2,500			181
Deferred income taxes		(5,144	)		(8,272	)
Changes in operating assets and liabilities:
Accounts receivable		6,587			1,903
Inventories		19,588			(7,412	)
Income taxes		774			1,808
Prepaid expenses and other assets		(1,483	)		(5,824	)
Accounts payable		(18,464	)		(10,244	)
Customer prepayments		(4,625	)		(14,683	)
Accrued compensation and benefits		7,153			7,594
Other taxes and withholding		(1,345	)		(2,074	)
Other accruals and liabilities		(11,776	)		(3,115	)
Net cash provided by operating activities		23,518			18,720

Cash flows from investing activities:
Purchases of property and equipment		(14,075	)		(29,899	)
Issuance of notes receivable		(2,942	)		(435	)
Net cash used in investing activities		(17,017	)		(30,334	)

Cash flows from financing activities:
Net (decrease) increase in short-term borrowings		(6,408	)		14,693
Repurchases of common stock		(612	)		(3,501	)
Proceeds from issuance of common stock		—			428
Net cash (used in) provided by financing activities		(7,020	)		11,620

Net (decrease) increase in cash and cash equivalents		(519	)		6
Cash and cash equivalents, at beginning of period		2,539			1,792
Cash and cash equivalents, at end of period	$	2,020		$	1,798


SLEEP NUMBER CORPORATION AND SUBSIDIARIES *Supplemental Financial Information* (unaudited)

	Three Months Ended						Six Months Ended
	June 29, 2024			July 1, 2023			June 29, 2024			July 1, 2023
Percent of sales:
Retail stores		87.8	%		87.7	%		88.0	%		87.4	%
Online, phone, chat and other		12.2	%		12.3	%		12.0	%		12.6	%
Total Company		100.0	%		100.0	%		100.0	%		100.0	%

Sales change rates:
Retail comparable-store sales		(11	%)		(20	%)		(10	%)		(10	%)
Online, phone and chat		(13	%)		(3	%)		(16	%)		(12	%)
Total Retail comparable sales change		(11	%)		(18	%)		(11	%)		(10	%)
Net opened/closed stores and other		0	%		2	%		0	%		2	%
Total Company		(11	%)		(16	%)		(11	%)		(8	%)

Stores open:
Beginning of period		661			671			672			670
Opened		4			7			10			19
Closed		(19	)		(6	)		(36	)		(17	)
End of period		646			672			646			672

Other metrics:
Average sales per store ($ in 000's)¹	$	2,732		$	3,089
Average sales per square foot¹	$	883		$	1,007
Stores > $2 million net sales²		62	%		71	%
Stores > $3 million net sales²		21	%		31	%
Average revenue per smart bed unit³	$	5,802		$	5,990		$	5,782		$	5,913

¹		Trailing twelve months Total Retail comparable sales per store open at least one year.
²		Trailing twelve months for stores open at least one year (excludes online, phone and chat sales).
³		Represents Total Retail (stores, online, phone and chat) net sales divided by Total Retail smart bed units.


SLEEP NUMBER CORPORATION AND SUBSIDIARIES *Earnings before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA)* (in thousands) We define earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) as net income plus: income tax expense, interest expense, depreciation and amortization, stock-based compensation, restructuring costs and asset impairments. Management believes Adjusted EBITDA is a useful indicator of our financial performance and our ability to generate cash from operating activities. Our definition of Adjusted EBITDA may not be comparable to similarly titled definitions used by other companies. The table below reconciles Adjusted EBITDA, which is a non-GAAP financial measure, to the comparable GAAP financial measure:

	Three Months Ended					Trailing Twelve Months Ended
	June 29, 2024			July 1, 2023		June 29, 2024			July 1, 2023
Net (loss) income	$	(5,051	)	$	754	$	(40,039	)	$	11,822
Income tax (benefit) expense		(1,099	)		524		(10,730	)		6,602
Interest expense		12,270			9,948		48,214			32,289
Depreciation and amortization		16,347			18,304		69,676			71,318
Stock-based compensation		3,992			5,252		13,073			15,071
Restructuring costs¹		1,819			—		28,147			—
Asset impairments		—			170		490			294
Adjusted EBITDA	$	28,278		$	34,952	$	108,831		$	137,396

¹Represents costs related to business restructuring actions initiated in the fourth quarter of fiscal 2023.


*Free Cash Flow* (in thousands)

	Six Months Ended					Trailing Twelve Months Ended
	June 29, 2024		July 1, 2023			June 29, 2024			July 1, 2023
Net cash provided by (used in) operating activities	$	23,518	$	18,720		$	(4,230	)	$	26,167
Subtract: Purchases of property and equipment		14,075		29,899			41,232			62,794
Free cash flow	$	9,443	$	(11,179	)	$	(45,462	)	$	(36,627	)

Note - Our Adjusted EBITDA calculations and Free Cash Flow data are considered non-GAAP financial measures and are not in accordance with, or preferable to, "as reported," or GAAP financial data. However, we are providing this information as we believe it facilitates analysis of the Company's financial performance by investors and financial analysts.
GAAP - generally accepted accounting principles in the U.S.


SLEEP NUMBER CORPORATION AND SUBSIDIARIES *Calculation of Net Leverage Ratio under Revolving Credit Facility* (in thousands) Our calculation of Net Leverage Ratio under Revolving Credit Facility was changed effective with the amendment of our credit facility on November 2, 2023. Prior to the amendment, the calculation included capitalized operating lease obligations based on a multiple of six times annual rent expense. The amendment replaced this line item with operating lease liabilities included in our financial statements under ASC 842. The calculations in accordance with the November 2, 2023 amendment are presented below. The prior year is presented in conformity with the November 2, 2023 amendment.
	Trailing Twelve Months Ended
	June 29, 2024		July 1, 2023
Borrowings under revolving credit facility	$	540,200	$	483,800
Outstanding letters of credit		7,147		7,147
Finance lease obligations		280		361
Consolidated funded indebtedness	$	547,627	$	491,308
Operating lease liabilities ¹		408,724		438,483
Total debt including operating lease liabilities (a)	$	956,351	$	929,791

Adjusted EBITDA (see above)	$	108,831	$	137,396
Consolidated rent expense		110,937		112,518
Consolidated EBITDAR (b)	$	219,768	$	249,914
Net Leverage Ratio under revolving credit facility (a divided by b)	4.4 to 1.0		3.7 to 1.0
¹Reflects operating lease liabilities included in our financial statements under ASC 842. The prior period has been updated to reflect this calculation.

Note - Our Net Leverage Ratio under Revolving Credit Facility, Adjusted EBITDA and EBITDAR calculations are considered non-GAAP financial measures and are not in accordance with, or preferable to, "as reported," or GAAP financial data. However, we are providing this information as we believe it facilitates analysis of the Company's financial performance by investors and financial analysts.

GAAP - generally accepted accounting principles in the U.S.


SLEEP NUMBER CORPORATION AND SUBSIDIARIES *Calculation of Return on Invested Capital (Adjusted ROIC)* (in thousands) Adjusted ROIC is a financial measure we use to determine how efficiently we deploy our capital. It quantifies the return we earn on our adjusted invested capital. Management believes Adjusted ROIC is also a useful metric for investors and financial analysts. We compute Adjusted ROIC as outlined below. Our definition and calculation of Adjusted ROIC may not be comparable to similarly titled definitions and calculations used by other companies. The tables below reconcile adjusted net operating profit after taxes (Adjusted NOPAT) and total adjusted invested capital, which are non-GAAP financial measures, to the comparable GAAP financial measures:

	Trailing Twelve Months Ended
	June 29, 2024			July 1, 2023
Adjusted net operating profit after taxes (Adjusted NOPAT)
Operating (loss) income	$	(2,555	)	$	50,713
Add: Operating lease interest¹		27,750			27,040
Less: Income taxes²		(6,104	)		(21,993	)
Adjusted NOPAT	$	19,091		$	55,760

Average adjusted invested capital
Total deficit	$	(446,964	)	$	(419,141	)
Add: Long-term debt³		540,480			484,161
Add: Operating lease liabilities⁴		408,724			438,483
Total adjusted invested capital at end of period	$	502,240		$	503,503

Average adjusted invested capital⁵	$	509,369		$	452,573

Adjusted ROIC⁶		3.7	%		12.3	%

¹		Represents the interest expense component of lease expense included in our financial statements under ASC 842, Leases.
²		Reflects annual effective income tax rates, before discrete adjustments, of 24.2% and 28.3% for June 29, 2024 and July 1, 2023, respectively.
³		Long-term debt includes existing finance lease liabilities.
⁴		Reflects operating lease liabilities included in our financial statements under ASC 842.
⁵		Average adjusted invested capital represents the average of the last five fiscal quarters' ending adjusted invested capital balances.
⁶		Adjusted ROIC equals Adjusted NOPAT divided by average adjusted invested capital.

Note - The Company's Adjusted ROIC calculation and data are considered non-GAAP financial measures and are not in accordance with, or preferable to, GAAP financial data. However, we are providing this information as we believe it facilitates analysis of the Company's financial performance by investors and financial analysts. The Company updated its Adjusted ROIC calculation effective beginning with the reporting period ended December 31, 2022, to reflect adjustments consistent with ASC 842.

GAAP - generally accepted accounting principles in the U.S.

SLEEP NUMBER CORPORATION AND SUBSIDIARIES *Reported to Adjusted Statements of Operations Data Reconciliation* (in thousands, except per share amounts)

	Three Months Ended
	June 29, 2024								July 1, 2023
	As Reported			Restructuring Costs^1,2		As Adjusted			As Reported
Operating income	$	6,120		$	1,819	$	7,939		$	11,226
Interest expense, net		12,270			—		12,270			9,948
(Loss) income before income taxes		(6,150	)		1,819		(4,331	)		1,278
Income tax (benefit) expense		(1,099	)		431		(668	)		524
Net (loss) income	$	(5,051	)	$	1,388	$	(3,663	)	$	754

Net (loss) income per share:
Basic	$	(0.22	)	$	0.06	$	(0.16	)	$	0.03
Diluted	$	(0.22	)	$	0.06	$	(0.16	)	$	0.03

Basic Shares		22,614			22,614		22,614			22,460
Diluted Shares		22,614			22,614		22,614			22,502

	Six Months Ended
	June 29, 2024								July 1, 2023
	As Reported			Restructuring Costs^1,2		As Adjusted			As Reported
Operating income	$	11,662		$	12,419	$	24,081		$	37,159
Interest expense, net		24,569			—		24,569			19,050
(Loss) income before income taxes		(12,907	)		12,419		(488	)		18,109
Income tax (benefit) expense		(374	)		2,943		2,569			5,890
Net (loss) income	$	(12,533	)	$	9,476	$	(3,057	)	$	12,219

Net (loss) income per share:
Basic	$	(0.56	)	$	0.42	$	(0.14	)	$	0.55
Diluted	$	(0.56	)	$	0.42	$	(0.14	)	$	0.54

Basic Shares		22,560			22,560		22,560			22,378
Diluted Shares		22,560			22,560		22,560			22,543

¹		Represents costs related to business restructuring actions initiated in the fourth quarter of fiscal 2023.
²		The income tax expense is calculated using the estimated U.S. federal and state statutory tax rate of 23.7%.

Note - Our "as adjusted" data is considered a non-GAAP financial measure and is not in accordance with, or preferable to, "as reported," or GAAP financial data. However, we are providing this information as we believe it facilitates year-over-year comparisons for investors and financial analysts.

GAAP - generally accepted accounting principles in the U.S.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240731365319/en/

Get the next $SNBR alert in real time by email

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

Sleep Number Announces Second Quarter 2024 Results

Chat with this insight

Recent Analyst Ratings for $SNBR

$SNBR SEC Filings

Sleep Number Corporation filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits

Sleep Number Corporation filed SEC Form 8-K: Leadership Update

SEC Form SD filed by Sleep Number Corporation

$SNBR Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Eyler Phillip bought $74,942 worth of shares (8,300 units at $9.03), increasing direct ownership by 65% to 20,972 units (SEC Form 4)

EVP & CFO Lee Francis K bought $51,263 worth of shares (7,200 units at $7.12), increasing direct ownership by 8% to 92,970 units (SEC Form 4)

President and CEO Findley Linda bought $751,278 worth of shares (104,520 units at $7.19), increasing direct ownership by 19% to 647,606 units (SEC Form 4)

$SNBR Financials

Live finance-specific insights

Sleep Number Announces First Quarter 2025 Results

Sleep Number Corporation to Announce First Quarter 2025 Results on April 30th

Sleep Number Announces Fourth Quarter and Full Year 2024 Results

$SNBR Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13D/A filed by Sleep Number Corporation

Amendment: SEC Form SC 13D/A filed by Sleep Number Corporation

Amendment: SEC Form SC 13D/A filed by Sleep Number Corporation

$SNBR Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Advisor Bloomquist Andrea Lee covered exercise/tax liability with 1,952 shares, decreasing direct ownership by 2% to 92,445 units (SEC Form 4)

Advisor Ibach Shelly Radue covered exercise/tax liability with 29,830 shares, gifted 30,800 shares and received a gift of 30,800 shares, closing all direct ownership in the company (SEC Form 4)

Director Gulis Stephen L Jr was granted 9,776 shares, increasing direct ownership by 25% to 48,339 units (SEC Form 4)

$SNBR Press Releases

Fastest customizable press release news feed in the world

Sleep Number® Smart Bed Research from Over 9,100 Sleep Sessions Shows How Built-In Temperature Programs Improve Sleep, Especially for Women

Sleep Number Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

Sleep Number Announces Leadership Team Changes as Part of Organizational Redesign

$SNBR Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

$SNBR Leadership Updates

Live Leadership Updates

Sleep Number downgraded by Piper Sandler with a new price target

Sleep Number downgraded by Wedbush with a new price target

UBS reiterated coverage on Sleep Number with a new price target

Sleep Number Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

Sleep Number Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

Sleep Number Appoints Amber Minson as Chief Marketing Officer

Recent Analyst Ratings for
$SNBR

$SNBR
SEC Filings

$SNBR
Insider Purchases

$SNBR
Financials

$SNBR
Large Ownership Changes

$SNBR
Insider Trading

$SNBR
Press Releases

$SNBR
Analyst Ratings

$SNBR
Leadership Updates