Sleep Number shares getting pummeled after earnings letdown [CNBC]
Sleep Number Corporation (SNBR)
Last sleep number corporation earnings: 4/22 04:01 pm
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US:NASDAQ Investor Relations:
ir.sleepnumber.com
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Source: CNBC
Sleep Number shares getting pummeled after earnings letdown Getty Images A Sleep Number representative lays on a new Sleep Number bed at the International CES in Las Vegas. Shares of The company's net sales rose 10% to $426.4 million, below estimates of $427.5 million, according to data from Refinitiv. Same-sales also fell short of analysts' expectations, rising only 5% compared with 6.2% as originally projected. And gross margin of 61.5% posted below the 61.9% estimate. However, the mattress maker's earnings were 80 cents per share, exceeding analysts' forecasts of 73 cents. Despite lackluster first-quarter sales, the Minneapolis-based company reiterated its outlook for 2019 profit of $2.25 to $2.75 per share. The bedmaker's stock was priced as low as $38.88 on Thursday afternoon.
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SNBR
News
- Sleep Number Corporation to Announce First Quarter 2024 Results on April 24th [Yahoo! Finance]Yahoo! Finance
- Sleep Number Corporation to Announce First Quarter 2024 Results on April 24thBusiness Wire
- How Much Should You Spend On A Mattress? Our Sleep Editors Weigh In [Forbes]Forbes
- Global Smart Crib Market Size To Worth USD 610.1 Million By 2033 | CAGR Of 6.27% [Yahoo! Finance]Yahoo! Finance
- The Best Pillows For Shoulder Pain, According To Experts [Forbes]Forbes
SNBR
Earnings
- 2/22/24 - Beat
SNBR
Sec Filings
- 4/10/24 - Form 8-K
- 4/2/24 - Form DEF
- 3/19/24 - Form 4
- SNBR's page on the SEC website