Sleep Number Stock Price, News & Analysis

Sleep Number (Nasdaq: SNBR) granted an equity inducement award on December 15, 2025 to newly hired Executive Vice President and Chief Financial Officer Amy O’Keefe. The award consists of 69,742 restricted stock units that vest in three equal installments on each anniversary of the grant and are subject to continued employment and the award agreement terms.

The Board approved the inducement on November 28, 2025 under Nasdaq Rule 5635(c)(4), and the award was granted outside Sleep Number’s equity incentive plan.

Sleep Number (Nasdaq: SNBR) named Amy O’Keefe as Chief Financial Officer, effective December 8, 2025, with interim CFO Bob Ryder remaining to support a transition through December 12, 2025. O’Keefe brings over 30 years of financial and operational leadership across consumer, technology, and wellness companies.

The company reaffirmed full-year 2025 financial guidance including expectations for net sales, adjusted EBITDA, a year-end profitability exit rate, and compliance with revised loan covenants. Sleep Number released an updated investor presentation outlining a company-wide turnaround strategy, cost reductions, operational streamlining, and an amended and extended credit agreement intended to provide financial flexibility.

Sleep Number (Nasdaq: SNBR) was ranked #1 in the J.D. Power 2025 U.S. Mattress Satisfaction Study for mattresses purchased in-store and online, marking the fifth time the brand earned this distinction.

The company highlighted strengths in comfort, support, feature variety and adjustable personalization via SleepIQ and ClimateCool/Climate360 technology. Climate360 sleepers averaged 52.5 minutes more restful sleep per night with SmartTemp based on SleepIQ data. Sleep Number operates 611 stores and directs readers to jdpower.com/awards and sleepnumber.com for more information.

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.