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.
Sleep Number Corporation (NASDAQ: SNBR) has launched its "Sleep Next Level™" campaign in partnership with 72andSunny, featuring Gabrielle Union and Dwyane Wade. This initiative aims to empower individuals to enhance their sleep quality using the next-generation Sleep Number smart beds, which leverage advanced technology for personalized sleep experiences. The campaign targets various achievers, including parents and athletes, emphasizing the significance of individualized sleep for optimal performance.
The films are part of an extensive promotional strategy running across the U.S., highlighting the smart bed's capabilities to adapt to users' needs over time. Sleep Number, a leader in wellness technology, has also announced plans for an NFL-specific campaign launching in the upcoming season, capitalizing on its association with the NFL, where 80% of players use Sleep Number beds.
Sleep Number Corporation (SNBR) announced that it will release its fiscal first quarter results on April 26, 2023, after market close. Management will discuss the results during a conference call at 5 p.m. EDT. Investors can access the webcast on the Sleep Number investor relations website, with a replay available for 60 days. The company emphasizes its commitment to enhancing health and well-being through sleep innovations, which have benefited over 14.5 million people. Sleep Number's smart beds combine advanced digital technology with a personalized sleep experience. The company operates 670 stores and partners with leading sleep and health institutions to utilize extensive sleep data for research.
Sleep Number Corporation has launched its next generation smart beds and Lifestyle Furniture, designed to enhance sleeper health and wellness. With insights from over 19 billion hours of sleep data, these innovations feature embedded sensors and AI for personalized adjustments based on individual sleep patterns and health needs. Key functionalities include monitoring vital health metrics and balancing temperature for optimal sleep conditions. The new Lifestyle Furniture complements the smart beds, offering features like ambient lighting and integrated charging. Available now with a special introductory offer of $500 off, these products aim to cater to various life stages and improve overall sleep performance.
Know Labs, Inc. (NYSE American: KNW) has formed a new Scientific Advisory Board (SAB) featuring leading experts in medical technology and human health. This board aims to enhance Know Labs' efforts in algorithm refinement, device development, and clinical trial design for its Bio-RFID technology, which aims to offer non-invasive glucose monitoring. The SAB includes esteemed members like Dr. Benjamin Smarr and Dr. Mark Aloia, who bring extensive backgrounds in research and technology. Know Labs emphasizes 2023 as a year of prioritizing external validation of its non-invasive diagnostic technology.
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