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 a 1% increase in fourth quarter net sales to $498 million, while full year net sales dropped 3% to $2.11 billion. The company faced a net loss of $0.24 per diluted share for the fourth quarter, compared to a profit of $0.47 the previous year. Despite challenges such as a 13% decline in demand and rising input costs, Sleep Number generated $36 million in operating cash flow and reported an Adjusted ROIC of 17.6%. For 2023, the company forecasts diluted EPS between $1.25 and $2.00, with expectations of flat to mid-single-digit declines in net sales.
Sleep Number Corporation (NASDAQ: SNBR) received the 2022 Corporate Partner of the Year Award from the American Cancer Society (ACS) for its commitment to combating cancer. The partnership, initiated on World Cancer Day 2022, focuses on joint research to develop sleep guidelines for cancer patients. Sleep Number contributes smart beds to ACS’s Hope Lodges and promotes cancer screenings through initiatives at Super Bowl LVII in Arizona. For each completed cancer risk assessment from February 6-20, Sleep Number will donate $100 to ACS, up to $50,000. This collaboration aims to enhance cancer survivors' quality of life through improved sleep.
Sleep Number Corporation announced the departure of Executive Vice President and CFO David Callen, effective January 30, 2023. Callen will assist in a financial advisory role until March 3. He has overseen the company's financial transition since April 2014. Chris Krusmark, currently the Chief Human Resources Officer, will serve as interim CFO. The company also provided preliminary FY2022 results, estimating net sales of
Financial results will be discussed in a conference call on February 22, 2023.
Sleep Number Corporation (Nasdaq: SNBR) reported a third-quarter net sales decline of 16% year-over-year, totaling $541 million, due to semiconductor chip supply constraints and softer consumer demand. The diluted EPS was $0.22, exceeding expectations for breakeven profits. The company revised its 2022 EPS outlook to $1.50 to $2.00 per diluted share, anticipating flat net sales for Q4. Despite ongoing challenges, Sleep Number launched the innovative Climate360™ smart bed, aimed at addressing consumer sleep issues and driving future growth.
Sleep Number Corporation (NASDAQ: SNBR) will announce its fiscal third quarter results on October 26, 2022, after market close. A conference call is scheduled for 5 p.m. EDT where management will discuss the results. The call can be accessed via the investor relations section of Sleep Number’s website. The company leverages advanced sleep technology through its 360® smart bed platform, focusing on enhancing sleep health and wellness. Sleep Number has improved the lives of over 14 million people and has a workforce of more than 5,500 mission-driven team members.
Sleep Number Corporation (NASDAQ: SNBR) has launched the Climate360 smart bed, the first sleep solution that actively regulates temperature throughout the night for improved sleep quality. Designed to address the common issue of temperature discomfort during sleep, the bed allows for personalized microclimates for each sleeper. Research indicates that such temperature control can enhance sleep quality. A survey revealed that nearly 90% of users reported improved sleep since using the Climate360. Priced at $9,999, the smart bed also features advanced sleep tracking and adjustability options.
Sleep Number Corporation (NASDAQ: SNBR) has renewed its partnership with the Los Angeles Rams for three more years, continuing as the "Official Sleep + Wellness Partner" through the 2024 season. This collaboration, which began in 2021, enhances player performance through quality sleep, with nearly 80% of Rams players benefiting from the 360® smart bed's features. The partnership promotes a holistic training approach focusing on sleep's impact on physical and mental health, further solidifying Sleep Number's role in advancing sleep science for athletes.
Sleep Number Corporation (NASDAQ: SNBR) has renewed its partnership with the Dallas Cowboys as the "Official Sleep + Wellness Partner" for the next five years, extending through the 2026-2027 NFL season. This collaboration began in 2017 and focuses on optimizing player performance through Sleep Number's 360® smart beds, enabling approximately 85% of the team to access personalized sleep data. Additionally, the partnership will involve community initiatives, including support for cancer patients. A new advertising campaign featuring Dak Prescott will launch during the NFL season.
Synchrony (NYSE: SYF) and Sleep Number (Nasdaq: SNBR) have renewed their longstanding financing partnership, enhancing their nearly 20-year collaboration. This multi-year agreement involves joint investments aimed at improving customer experiences and making Sleep Number's sleep solutions more accessible. Key initiatives include advancing consumer payment options, deepening personalization, and increasing credit access. Sleep Number aims to launch the Climate360™ smart bed in October, designed to enhance sleep through temperature adjustments. The partnership leverages both companies' consumer insights and digital capabilities.
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