Sleep Number sales slump as company plans to close 30 stores. [Yahoo! Finance]
Sleep Number Corporation (SNBR)
Last sleep number corporation earnings: 4/22 04:01 pm
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Source: Yahoo! Finance
Minneapolis-based Sleep Number sales fell 11% to $470 million in the first quarter and the maker of smart beds lost $7.5 million, or 33 cents a share, compared to earnings of $11.5 million, or 51 cents a share, in the same quarter last year. On the company's earnings call Wednesday afternoon Shelly Ibach, Sleep Number's chairwoman, president and chief executive, said results were largely in line with the management team's expectations and pointed to the company's efficiency efforts as evidence that margins were improving. "Our actions are positioning Sleep Number to greater resilience across a range of macroeconomic and industry environments," Ibach said. The company did say it plans to close 30 of 672 stores by the end of the year. Those closings are expected to have a slight drag on sales but help with margin improvement goals. The mattress industry has been in decline for more than a year. Peter Keith, a mattress industry analyst for Piper Sandler, wrote in his March Mattr
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News
- Sleep Number Corporation (NASDAQ:SNBR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- L.A. Affairs: I'm a divorced woman. Was I ready to be naked with a new guy? [Los Angeles Times (CA)]Los Angeles Times
- Sleep Number Co. (NASDAQ: SNBR) had its price target raised by analysts at UBS Group AG from $12.00 to $13.00. They now have a "neutral" rating on the stock.MarketBeat
- Sleep Number Co. (NASDAQ: SNBR) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $13.50 price target on the stock.MarketBeat
- Sleep Number Insiders Placed Bullish Bets Worth US$510.1k [Yahoo! Finance]Yahoo! Finance
SNBR
Earnings
- 4/24/24 - Beat
SNBR
Sec Filings
- 4/24/24 - Form 8-K
- 4/10/24 - Form 8-K
- 4/2/24 - Form DEF
- SNBR's page on the SEC website