Sleep Number Corp is a company specializing in the design, manufacturing, and marketing of high-quality sleep products, particularly adjustable beds and mattresses that allow users to customize their sleeping experience
The company focuses on leveraging innovative technology, including sleep-tracking capabilities, to enhance the sleep quality of its customers. Sleep Number is committed to promoting better health and wellness through improved sleep, providing personalized solutions that cater to individual sleep needs and preferences. With a combination of advanced engineering and customer-centric service, Sleep Number aims to transform the way people experience rest and rejuvenation.
In this brief market report, we will take a look at the various asset classes, sectors, equity categories, ETFs, and stocks that moved the market higher, as well as the market segments that defied the trend by moving lower.
Shares of bedding manufacturer and retailer Sleep Number (NASDAQSNBR)
fell 39.5% in the afternoon session after the company reported disappointing fourth-quarter results, with EBITDA missing significantly and revenue falling short of Wall Street's estimates. Sales declined 12% year on year, due to a reduced store footprint and softer consumer demand.
Earnings per share, however, came in above expectations, aided by cost reductions. Yet, Sleep Number withheld financial guidance for 2025, signaling continued uncertainty. This is also linked to the appointment of Linda Findley as the new CEO, as she likely needed some time settling into her role.
Overall, this was a weaker quarter.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Thursday. Below you can find the top gainers and losers in today's session.
Bedding manufacturer and retailer Sleep Number (NASDAQSNBR) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 12.3% year on year to $376.8 million. Its GAAP loss of $0.21 per share was 10.6% above analysts’ consensus estimates.
As the regular session of the US market on Wednesday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.
Sleep Number Corporation (Nasdaq: SNBR) today announced that its Board of Directors (the “Board”) has appointed Linda Findley as the company’s new President and Chief Executive Officer, and as a member of the Board, effective April 7, 2025.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how home furniture retailer stocks fared in Q3, starting with Williams-Sonoma (NYSEWSM).
Let’s dig into the relative performance of Sleep Number (NASDAQSNBR) and its peers as we unravel the now-completed Q3 home furniture retailer earnings season.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Lowe's (NYSELOW) and the best and worst performers in the home furnishing and improvement retail industry.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the home furniture retailer industry, including RH (NYSERH) and its peers.
Sleep Number Corporation (Nasdaq: SNBR) will release its fiscal fourth quarter and full year results through December 28, 2024, after market close on Wednesday, March 5, 2025. Management will host its regularly scheduled conference call to discuss the company’s results at 5 p.m. EST (4 p.m. CST; 2 p.m. PST). To access the webcast, please visit the investor relations area of the Sleep Number website at https://ir.sleepnumber.com. The webcast replay will remain available for approximately 60 days.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Arhaus (NASDAQARHS) and its peers.
What a time it’s been for Sleep Number. In the past six months alone, the company’s stock price has increased by a massive 64.8%, reaching $15.03 per share. This run-up might have investors contemplating their next move.
Stadium Capital Management, LLC (together with certain of its affiliates, “Stadium Capital” or “we”), the largest shareholder of Sleep Number Corporation (NASDAQSNBR) (“Sleep Number” or the “Company”) with ownership of approximately 11.7% of the Company’s outstanding shares, today released the below open letter to the Company’s shareholders.
Stadium Capital Management, LLC (together with certain of its affiliates, “Stadium Capital” or “we”) is the largest shareholder of Sleep Number Corporation (NASDAQSNBR) (“Sleep Number” or the “Company”), owning approximately 11.7% of the Company’s outstanding shares. Today, Stadium Capital issued the below letter to the Company’s Board of Directors (the “Board”).
Stadium Capital Management, LLC (together with certain of its affiliates, “Stadium Capital” or “we”) is the largest shareholder of Sleep Number Corporation (NASDAQSNBR) (“Sleep Number” or the “Company”), owning approximately 11.7% of the Company’s outstanding shares. Today, Stadium Capital issued the below letter to shareholders regarding its nomination of four highly qualified, independent candidates for election to the Company’s Board of Directors (the “Board”) at the 2025 Annual Meeting of Shareholders (the “Annual Meeting”).
