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) announced it will release its fourth quarter and full-year results on January 1, 2022, after market close, with a conference call scheduled for February 23, 2022, at 5 p.m. EST. The company highlights its commitment to individualizing sleep experiences, boasting over 5,000 team members and impacting nearly 14 million lives. Sleep Number's 360® smart beds utilize data from over one billion sleep sessions to provide personalized comfort and sleep health insights.
Sleep Number Corporation (Nasdaq: SNBR) has announced a partnership with the American Cancer Society to conduct foundational research aimed at developing cancer-specific sleep guidelines. This collaboration will harness Sleep Number's sleep data and expertise over the next six years to improve sleep quality for cancer patients and survivors. The initiative seeks to understand the role of sleep in cancer prevention and recovery, addressing a previously unexplored area in cancer care.
Sleep Number unveiled its advanced 360® smart bed at CES 2022, which received three CES Innovation Awards. This smart bed features enhanced sensing capabilities designed to monitor sleep and health, providing personalized insights. It aims to redefine health care by enabling continuous monitoring of wellness and potential health conditions. The new smart furniture complements the bed, improving sleep environments with features like mobility aids and ambient lighting. Both products will be available in 2023, starting from $1,099 for the smart bed.
Sleep Number Corporation (NASDAQ: SNBR) has announced a multi-year partnership with the American Cancer Society to support cancer patients and caregivers. The partnership involves providing 360® smart beds and sleep solutions to Hope Lodges across the country, aiming to enhance sleep quality for individuals in treatment. The initiative will first support locations in Minneapolis and Rochester, contributing to a nurturing environment for those in need. The partnership emphasizes Sleep Number's commitment to improving health and wellbeing.
Sleep Number Corporation (SNBR) reported strong third-quarter results, with net sales rising 21% to a record $640 million, reflecting a 35% increase compared to 2019. Operating income also saw a 4% rise to $73 million, while year-to-date EPS surged 106% year-over-year to $5.63. The company generated $293 million in operating cash flows and boasts a trailing twelve-month ROIC of over 34%. However, challenges remain due to global semiconductor shortages affecting customer deliveries. SNBR aims for an EPS of $7.25 for 2021, nearly triple that of 2019.
Sleep Number Corporation (NASDAQ: SNBR) announced the appointment of Phillip Eyler and Angel L. Mendez to its Board of Directors, effective January 2, 2022. Eyler, CEO of Gentherm, brings expertise in thermal management technologies, while Mendez has extensive experience in supply chain operations at HERE Technologies and Cisco Systems. Their leadership is expected to enhance Sleep Number's focus on connected sleep health and improve stakeholder value, according to President and CEO Shelly Ibach.
Sleep Number Corporation (NASDAQ: SNBR) has announced a partnership with the Los Angeles Rams, becoming their 'Official Sleep + Wellness Partner.' This marks Sleep Number's fourth NFL team partnership, enhancing its role within the league since 2018. The collaboration aims to improve player performance by promoting quality sleep through Sleep Number's innovative 360® smart beds. Nearly 80% of Rams players have already adopted these beds. This initiative is expected to benefit around 3,500 athletes and further demonstrates the team's commitment to holistic player wellness.
Sleep Number Corporation (NASDAQ: SNBR) is set to release its third quarter results on October 27, 2021, after market close. A conference call will follow at 5 p.m. EDT. Investors can access the webcast through the company's investor relations page. Sleep Number is committed to enhancing lives through individualized sleep experiences, having positively impacted over 13 million lives. Their award-winning 360® smart beds utilize extensive sleep data to deliver personalized comfort and sleep health insights.
Sleep Number Corporation (NASDAQ: SNBR) has introduced My Sleep Health, a feature designed to enhance sleep quality by offering personalized insights and recommendations based on sleep duration, efficiency, and timing. This innovation utilizes data from the brand's 360 smart beds and aims to educate users on the importance of sleep health. Notably, Sleep Number's data indicates that sleepers are experiencing improved sleep quality post-pandemic, with an average increase of 12 minutes of total sleep per night. The new feature is available through an over-the-air update.
Sleep Number Corporation (Nasdaq: SNBR) reported strong financial results for the quarter ended July 3, 2021, highlighting an 18% average demand growth over the last twelve quarters. Despite supply constraints that limited net sales in June and July, net sales increased 39% year-to-date to $1.05 billion. Operating income surged by 161%, and earnings per diluted share skyrocketed 270% to $3.44. The company raised its 2021 EPS outlook to at least $7.25, reflecting robust consumer demand and improving operational efficiencies.
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?
