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.
Sleep Number Corporation (Nasdaq: SNBR) reported its first-quarter results for 2023, revealing net sales of $527 million, consistent with the previous year. The company achieved a net operating profit of $26 million, a significant increase of $22 million, alongside a 160 basis point improvement in gross profit margins, reaching 58.9%. Diluted EPS surged to $0.51 from $0.09 year-over-year. The company reiterated its full-year earnings outlook of $1.25 to $2.00 per diluted share. Operational efficiencies have improved due to a steady supply of microchips, enabling better performance amidst low consumer sentiment. The company anticipates a flat to mid-single digit decline in net sales for 2023 and plans capital expenditures between $50 million and $60 million.
FAQ
What is the current stock price of Sleep Number Corporation (SNBR)?
What is the market cap of Sleep Number Corporation (SNBR)?
What does Sleep Number Corporation do?
Where is Sleep Number Corporation headquartered?
How does Sleep Number sell its products?
What is SleepIQ® technology?
What are some of Sleep Number's product offerings?
What is the SleepIQ Kids™ bed?
When did Sleep Number become publicly traded?
What were Sleep Number's annual revenues in 2014?
Where are Sleep Number's manufacturing facilities located?
What makes Sleep Number unique?
