Sleep Number Stock Price, News & Analysis

Sleep Number (Nasdaq: SNBR) reported third quarter 2025 results for the period ended September 27, 2025, as it executes a company-wide turnaround. Key metrics: net sales $343M (down 19.6% YoY), gross profit $205M with a 59.9% margin, adjusted EBITDA $13M, and a net loss $40M (or $1.73 per diluted share). The company cut operating expenses by $44.8M (18%) pre-restructuring, incurred $41M of restructuring and non-recurring costs, and amended its bank agreement through 2027 to secure covenant flexibility. Updated 2025 outlook: ~$1.4B net sales, ~60% gross margin, ~$70M adjusted EBITDA, and ~$50M negative free cash flow, with management planning reinvestment into growth in 2026.

Sleep Number (Nasdaq: SNBR) announced that CEO Linda Findley and interim CFO Bob Ryder will participate in investor conferences in December 2025. December 8–9, 2025: participation in a panel and institutional investor meetings at the Raymond James TMT and Consumer Conference. December 12, 2025: virtual small-group and individual meetings at the KeyBank Capital Markets Consumer Conference. The panel will be webcast on the hosts' websites and a replay will be available for approximately 60 days on the company investor relations site at ir.sleepnumber.com.

Sleep Number (Nasdaq: SNBR) will release its fiscal third quarter results for the period ended September 27, 2025 before market open on Wednesday, November 5, 2025.

Management will host a regularly scheduled conference call at 8:30 a.m. ET (7:30 a.m. CT; 5:30 a.m. PT). A live webcast will be available in the investor relations section at ir.sleepnumber.com, and the replay will remain available for approximately 60 days.

Sleep Number (NASDAQ:SNBR) reported challenging Q2 2025 results with net sales declining 19.7% to $328 million and a net loss of $25 million. The company is undergoing a significant turnaround under new leadership, implementing enhanced marketing and product initiatives.

Key financial metrics include a gross profit margin of 59.1%, operating expense reduction of $48 million (21% year-over-year), and adjusted EBITDA of $24 million, down 17%. The company is executing an aggressive cost-saving strategy, targeting $130 million in savings for 2025, exceeding their initial target of $80-100 million.

For full-year 2025, Sleep Number projects net sales of approximately $1.45 billion, representing a 14% decline, with an expected gross profit margin of 61% and break-even free cash flow in H2 2025.

Sleep Number Corporation (Nasdaq: SNBR) has scheduled its fiscal second quarter 2025 earnings release and conference call. The company will announce its Q2 results for the period ending June 28, 2025, before the market opens on Wednesday, July 30, 2025. Management will host a conference call at 8:30 a.m. EDT to discuss the results. Investors can access the webcast through the company's investor relations website, with the replay remaining available for approximately 60 days.

Sleep Number (NASDAQ: SNBR) has announced the appointment of Bob Ryder as interim Chief Financial Officer, effective July 21, 2025, following the departure of Francis Lee. Lee will remain as an advisor through August 15, 2025, while the company conducts a search for a permanent CFO.

CEO Linda Findley emphasized that the company is working to return to growth while maintaining debt covenant compliance. The leadership change is not related to any financial, operational, or policy matters. The company reports being on track to exceed cost reduction goals announced in Q1 2025, despite ongoing revenue challenges.

Ryder brings over 30 years of finance leadership experience, including roles as CFO at Constellation Brands, IMG, and American Greetings Corporation. He currently serves as a senior advisor at Boston Consulting Group and CEO of Horsepower Advisors, LLC.

Sleep Number (SNBR) presented groundbreaking research at SLEEP 2025 demonstrating the effectiveness of their ClimateSeries smart beds' temperature control features. Studies analyzing over 9,100 sleep sessions revealed significant improvements in sleep quality, particularly for women experiencing menopause symptoms. The research, conducted with Northwestern University and University of Pittsburgh, showed that personalized temperature programs helped users fall asleep faster and stay asleep longer. Key findings demonstrated that women benefited most from beds starting with low heat followed by cooling, while both genders showed improved sleep with temperature programs aligned to natural body rhythms. The Climate360 smart bed's ability to heat or cool each side independently offers a non-medication solution for the 40-60% of women struggling with menopause-related sleep issues.

Sleep Number Corporation (SNBR) has announced the granting of equity awards to its newly appointed Executive Vice President and Chief Marketing Officer, Amber Minson, effective May 15, 2025. The inducement grants include two components: a performance stock unit award of 21,724 shares vesting after three years based on company performance and relative shareholder return (2025-2027), and a time-vested restricted stock unit award of 21,724 shares vesting in three equal annual installments. These awards were granted outside Sleep Number's equity incentive plan and were approved by the Management Development and Compensation Committee on April 7, 2025, in compliance with Nasdaq Rule 5635(c)(4).

Sleep Number has announced significant leadership changes as part of its organizational redesign under President and CEO Linda Findley. The restructuring aims to create a more streamlined decision-making process and improved efficiency.

Key appointments include Melissa Barra as EVP, Chief Product and Enterprise Strategy Officer; Chris Krusmark as EVP, Chief Retail and People Officer; and Tanya Skogerboe as SVP, Chief Supply Chain and Transformation Officer. Hitesh Patel, CIO, will lead consolidated corporate technology capabilities, while Amber Minson joins as EVP, Chief Marketing Officer.

The company eliminated the Chief Innovation Officer position, held by Annie Bloomquist, who will serve as an advisor until May 31, 2025. Francis Lee (CFO) and Sam Hellfeld (Chief Legal and Risk Officer) retain their current roles. These changes focus on enhancing accountability, operational efficiency, and customer responsiveness.