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Sleep Number Corporation - SNBR STOCK NEWS

Welcome to our dedicated page for Sleep Number Corporation news (Ticker: SNBR), a resource for investors and traders seeking the latest updates and insights on Sleep Number Corporation stock.

Sleep Number Corporation (symbol: SNBR) is a leading wellness technology company dedicated to improving lives by individualizing sleep experiences. Headquartered in Minneapolis, Minnesota, the company designs, manufactures, markets, and distributes a comprehensive range of smart sleep solutions. Sleep Number is well-known for its Sleep Number® beds, which feature innovative SleepIQ® technology to track and monitor sleep patterns, allowing users to make adjustments for optimal sleep quality.

As a vertically integrated, direct-to-consumer retailer, Sleep Number reaches its customers through a variety of channels, including physical stores, online platforms, phone, and chat services. This approach ensures a seamless shopping experience and direct engagement with consumers.

Sleep Number's product lineup includes not only its iconic Sleep Number® beds but also a variety of complementary sleep products. These include FlexFit™ adjustable bases, Sleep Number® bedding, pillows, and furniture, all designed to enhance overall sleep quality.

Founded as a publicly traded company on NASDAQ under the ticker symbol SCSS since 1998, Sleep Number has consistently demonstrated financial growth and stability. In 2014, the company reported annual revenue exceeding $1.16 billion, showcasing its significant market presence and consumer trust.

Recent achievements highlight Sleep Number's commitment to innovation and customer satisfaction. The introduction of the SleepIQ Kids™ bed reflects their dedication to delivering tailored sleep solutions for every age group. These products not only improve sleep but also contribute to overall wellness.

Sleep Number's manufacturing and distribution facilities located in South Carolina further bolster their operational efficiency. By valuing the unique talents, perspectives, and experiences of their team members, Sleep Number fosters a culture that prioritizes customer well-being and employee satisfaction alike.

Keep up with the latest developments, performance updates, and news from Sleep Number Corporation to stay informed about how they continue to revolutionize the sleep industry.

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Sleep Number (Nasdaq: SNBR) and the American Cancer Society (ACS) have won the Golden Halo Award for Best Intersectional Initiative in 2024. The award, from Engage for Good, honors brand and non-profit partnerships tackling multiple causes and communities. The partnership incorporates Sleep Number's sleep technology in cancer research and cancer prevention campaigns, including collaborations with the NFL-supported Crucial Catch campaign and The Defender. Initiatives also enhance sleep for cancer patients and caregivers at ACS Hope Lodge® communities. The award was presented on May 15, 2024, at the Engage for Good Conference in Minneapolis.

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Sleep Number (SNBR) reported net sales of $470 million and adjusted EBITDA of $37 million for the first quarter of 2024. The company reduced operating expenses by $24 million year-over-year and increased free cash flow by $21 million compared to the previous year. Despite a decline in net sales, Sleep Number remains on track to deliver $40-$45 million in operating expense reductions for the year. The company reiterates its full-year 2024 adjusted EBITDA outlook of $125 million to $145 million, expecting a mid-single digit net sales decline for the year.
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Sleep Number (SNBR) will announce its Q1 results on April 24, 2024. The conference call will be held at 5 p.m. EDT. Webcast details available on the company's investor relations page.
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Sleep Number Corporation (SNBR) reported a 14% decline in fourth-quarter net sales compared to the prior year, with a full-year diluted loss per share of $0.68. The company reduced operating expenses by $85 million in 2023 and expects further expense reductions of $40-45 million in 2024. Despite challenges in the mattress industry, Sleep Number remains focused on improving financial resilience and positioning for growth.
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Sleep Number Corporation (SNBR) is set to release its Q4 and full year results on February 22, 2024. The company will host a conference call to discuss the results and the webcast replay will be available for approximately 60 days.
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Sleep Number Corporation (SNBR) has been honored with a spot in the 2024 Forbes Best Customer Service List. The company was selected based on a year-long survey of 201,000 people in the U.S. who provided 4.2 million ratings on more than 3,000 brands. The list recognizes the top companies that customers say best serve their needs in various categories, including knowledge and attitude of staff and speed of service. Sleep Number's dedication to delivering exceptional service and improving customers' lives has been acknowledged, reflecting the outstanding care their sales, home delivery, and customer support professionals provide. The company's smart beds offer unmatched value by using sleep science to adjust firmness for each sleeper's unique needs and monitor vital health data and sleep trends. Additionally, Sleep Number earned the highest position in the J.D. Power 2023 U.S. Mattress Satisfaction Study for mattresses purchased in-store.
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Sleep Number Corporation (Nasdaq: SNBR) announced that sleepers may be able to apply their Health Savings Account (HSA) and Flex Spending Account (FSA) to their Sleep Number smart bed purchase, based on a health care provider's recommendation. This move aims to promote better sleep and health. The company also highlighted the various benefits of their smart beds and introduced the eligibility criteria and process for HSA/FSA. The press release emphasized the importance of quality sleep, the company's sleep data, and science-backed innovations. Sleepers can visit the company's website to learn more about eligibility and benefits.
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Sleep Number Corporation (Nasdaq: SNBR) reports 13% decline in net sales to $473 million for Q3 2023, with an updated 2023 EPS outlook to a loss of up to $0.70 per share, and initiated $50 million in additional cost reduction actions for 2024.
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Sleep Number Corporation has been named the highest-ranked brand for customer satisfaction with mattresses purchased in-store in the J.D. Power 2023 U.S. Mattress Satisfaction Study. Sleep Number also received top rankings for price, variety of features, and warranty factors. This is the fourth time Sleep Number has received this recognition.
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Sleep Number Corporation (Nasdaq: SNBR) will release its fiscal third quarter results on November 7, 2023. The company's management will host a conference call to discuss the results. The webcast will be available on the Sleep Number website.
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FAQ

What is the current stock price of Sleep Number Corporation (SNBR)?

The current stock price of Sleep Number Corporation (SNBR) is $12.34 as of November 15, 2024.

What is the market cap of Sleep Number Corporation (SNBR)?

The market cap of Sleep Number Corporation (SNBR) is approximately 284.3M.

What does Sleep Number Corporation do?

Sleep Number designs, manufactures, markets, and distributes smart sleep solutions, including Sleep Number® beds with SleepIQ® technology, bedding, pillows, and furniture.

Where is Sleep Number Corporation headquartered?

Sleep Number Corporation is headquartered in Minneapolis, Minnesota.

How does Sleep Number sell its products?

Sleep Number sells its products through a direct-to-consumer model using physical stores, online platforms, phone, and chat services.

What is SleepIQ® technology?

SleepIQ® technology is an innovative feature in Sleep Number® beds that tracks and monitors sleep patterns to help users optimize their sleep.

What are some of Sleep Number's product offerings?

In addition to Sleep Number® beds, the company offers FlexFit™ adjustable bases, bedding, pillows, and furniture.

What is the SleepIQ Kids™ bed?

The SleepIQ Kids™ bed is a tailored sleep solution designed for children, incorporating SleepIQ® technology to monitor and improve their sleep quality.

When did Sleep Number become publicly traded?

Sleep Number has been publicly traded on NASDAQ under the ticker symbol SCSS since 1998.

What were Sleep Number's annual revenues in 2014?

In 2014, Sleep Number reported annual revenues of more than $1.16 billion.

Where are Sleep Number's manufacturing facilities located?

Sleep Number's manufacturing and distribution facilities are located in South Carolina.

What makes Sleep Number unique?

Sleep Number is unique due to its vertically integrated, direct-to-consumer model and its focus on individualized sleep experiences through advanced technology like SleepIQ®.

Sleep Number Corporation

Nasdaq:SNBR

SNBR Rankings

SNBR Stock Data

284.34M
22.37M
6.38%
90.29%
13.54%
Furnishings, Fixtures & Appliances
Household Furniture
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United States of America
MINNEAPOLIS