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 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.
Sleep Number Corporation (SNBR) will announce its second quarter results on July 20, 2021, after market close. A conference call is scheduled for 5 p.m. EDT to discuss the findings. Interested individuals can access the webcast from the Sleep Number investor relations website. The company emphasizes its mission of enhancing sleep quality through its advanced 360® smart beds, which utilize extensive sleep data to create personalized sleep experiences. More than 13 million lives have been positively impacted through improved sleep health.
Sleep Number Corporation (Nasdaq: SNBR) presented data from two studies at SLEEP 2021, revealing insights about the 360 smart bed's role in health. One study developed a predictive model linking sleep metrics with COVID-19 symptoms, demonstrating high accuracy in symptom prediction.
The second study analyzed heart rate variability (HRV) across a large dataset, finding variations by age and gender. Sleep Number's technology shows potential for improving population health monitoring through unobtrusive sleep data, enhancing their innovative sleep solutions.
Sleep Number Corporation (Nasdaq: SNBR) reported a 20% increase in net sales to $568 million for Q1 2021, with comparable store sales also up by 20%. Despite temporary foam supply constraints causing over $50 million in delayed deliveries, gross profit rose 18% to a record $356 million, and operating income increased by 45% to $76 million. Earnings per diluted share surged 85% to $2.51. The company generated $112 million in net cash from operations and raised its 2021 EPS outlook to at least $6.50, projecting strong financial performance moving forward.
Sleep Number Corporation (Nasdaq: SNBR) announced the launch of My Daytime Alertness, an innovative feature in its 360® smart beds designed to enhance sleep quality and overall wellbeing. This feature, inspired by the Karolinska sleepiness scale, uses personal sleep data and user feedback to provide tailored sleep improvement tips. Sleep Number's SleepIQ® technology, backed by data from over 1.2 billion sleep sessions, continues to evolve. The latest smart bed models also incorporate advancements in comfort and breathability, promoting better sleep experiences.
Sleep Number Corporation (Nasdaq: SNBR) will announce its first quarter results on April 21, 2021, after market close. A conference call is scheduled for 5 p.m. EDT to discuss these results, accessible via the Sleep Number investor relations website. The company emphasizes its focus on individualizing sleep experiences through innovative technology, boasting over 5,000 team members and 13 million lives improved through their 360® smart beds. Their proprietary SleepIQ® technology has accumulated over 9 billion hours of sleep data, informing personalized sleep insights.
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