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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 13% increase in second-quarter net sales, reaching $549 million, with diluted EPS growing 75% to $1.54.
Year-to-date results showed a 2% increase in net sales, but diluted EPS dropped to $1.60 from $3.44 last year, impacted by electronic supply constraints and low consumer sentiment. The company updated its 2022 EPS outlook to $3.00 to $4.00 per share, while maintaining a liquidity of over $375 million against current debt.
Sleep Number Corporation (NASDAQ: SNBR) is set to announce its second quarter results on July 27, 2022, after market close. The management will conduct a conference call at 5 p.m. EDT to discuss the results. Interested parties can access the webcast through the investor relations section of the Sleep Number website. The company has a strong focus on individualizing sleep experiences with their award-winning 360® smart beds, leveraging extensive sleep data to enhance sleep quality.
Sleep Number Corporation (NASDAQ: SNBR) presented new findings at SLEEP 2022, showcasing its 360 smart bed's ability to unobtrusively measure body temperature and predict daytime alertness trends. The studies revealed that skin temperature significantly impacts sleep quality and that the bed can accurately assess alertness in large populations. Over 15 billion hours of sleep data, gathered from 1.8 billion sessions, support these findings. These innovations aim to enhance personal sleep experiences and promote overall health.
Sleep Number Corporation (NASDAQ: SNBR) announced a new study published in Sensors showcasing the effectiveness of its SleepIQ technology in measuring sleep metrics. The study indicates a strong correlation between SleepIQ and traditional polysomnography (PSG), suggesting the smart bed can reliably monitor sleep quality over extended periods, unlike PSG which is costly and burdensome. With over 14 billion hours of sleep data collected, users reportedly gain an average of 170 hours of restful sleep annually. This validation could advance sleep health research and patient monitoring.
Sleep Number Corporation (Nasdaq: SNBR) reported a 7% decline in net sales for Q1 2022, totaling $527 million, attributed to supply chain issues and decreased demand due to macroeconomic challenges. Diluted EPS was $0.09, falling short of expectations of $0.30-$0.40. Despite these challenges, backlog increased by 20% since December, exceeding $200 million. The 2022 EPS outlook was revised to $5.00 to $6.00 per share, reflecting anticipated low double-digit sales growth and strong operating cash flow expectations.
Sleep Number Corporation (NASDAQ: SNBR) will announce its Q1 results on April 20, 2022, after market closure, with a scheduled conference call at 5 p.m. EDT. The company highlights its commitment to improving lives through personalized sleep experiences, having positively impacted over 14 million lives. Its innovative 360 Smart Beds utilize extensive sleep data to enhance comfort and provide individualized sleep health insights. For further details, investors can access the webcast on Sleep Number's investor relations website.
Sleep Number Corporation (NASDAQ: SNBR) has announced a leadership transition, with Shelly R. Ibach elected as Board Chair effective May 12, 2022. Ibach, also President and CEO, succeeds Jean-Michel Valette, who remains on the Board after serving since 2010. Michael J. Harrison has been appointed as independent Lead Director. Ibach has led the company since June 2012, during which Sleep Number has improved nearly 14 million lives and collected almost 14 billion hours of sleep data through its innovative 360 smart beds. This change reflects a commitment to strong corporate governance.
Sleep Number (SNBR) announced new studies to be presented at World Sleep 2022, showcasing the capabilities of its 360 smart bed. Results indicate that the bed can detect sleep stages in real-time using cardiac data, potentially aiding in the identification of sleep disorders. Additional studies suggest the technology could predict symptoms of influenza-like illnesses. Sleep Number also plans to host a symposium discussing how to optimize sleep environments for better quality. This advances Sleep Number’s mission to improve lives through enhanced sleep health.
Sleep Number Corporation (Nasdaq: SNBR) reported strong 2021 results despite supply chain challenges, with record net sales of $2.18 billion and diluted EPS of $6.16. The fourth quarter faced a 13% decline in net sales due to semiconductor delays, impacting over $125 million in revenue. However, the company achieved a gross profit of $1.32 billion, maintaining a 60.4% margin. Looking forward, Sleep Number anticipates a 10-15% EPS growth for 2022, with initial challenges expected from ongoing supply constraints.
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