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Sleep Number Corp - SNBR STOCK NEWS

Welcome to our dedicated news page for Sleep Number (Ticker: SNBR), a resource for investors and traders seeking the latest updates and insights on Sleep Number.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sleep Number's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sleep Number's position in the market.

News
Sleep Number Announces First Quarter 2024 Results
Rhea-AI Summary
Sleep Number (SNBR) reported net sales of $470 million and adjusted EBITDA of $37 million for the first quarter of 2024. The company reduced operating expenses by $24 million year-over-year and increased free cash flow by $21 million compared to the previous year. Despite a decline in net sales, Sleep Number remains on track to deliver $40-$45 million in operating expense reductions for the year. The company reiterates its full-year 2024 adjusted EBITDA outlook of $125 million to $145 million, expecting a mid-single digit net sales decline for the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.86%
Tags
earnings
-
News
Sleep Number Corporation to Announce First Quarter 2024 Results on April 24th
Rhea-AI Summary
Sleep Number (SNBR) will announce its Q1 results on April 24, 2024. The conference call will be held at 5 p.m. EDT. Webcast details available on the company's investor relations page.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
Tags
earnings
-
News
Sleep Number Announces Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Sleep Number Corporation (SNBR) reported a 14% decline in fourth-quarter net sales compared to the prior year, with a full-year diluted loss per share of $0.68. The company reduced operating expenses by $85 million in 2023 and expects further expense reductions of $40-45 million in 2024. Despite challenges in the mattress industry, Sleep Number remains focused on improving financial resilience and positioning for growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
33.03%
Tags
earnings
News
Sleep Number Corporation to Announce Fourth Quarter and Full Year 2023 Results on February 22nd
Rhea-AI Summary
Sleep Number Corporation (SNBR) is set to release its Q4 and full year results on February 22, 2024. The company will host a conference call to discuss the results and the webcast replay will be available for approximately 60 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.78%
Tags
earnings
-
News
Sleep Number Named Among Forbes'; Top Companies for Best Customer Service
Rhea-AI Summary
Sleep Number Corporation (SNBR) has been honored with a spot in the 2024 Forbes Best Customer Service List. The company was selected based on a year-long survey of 201,000 people in the U.S. who provided 4.2 million ratings on more than 3,000 brands. The list recognizes the top companies that customers say best serve their needs in various categories, including knowledge and attitude of staff and speed of service. Sleep Number's dedication to delivering exceptional service and improving customers' lives has been acknowledged, reflecting the outstanding care their sales, home delivery, and customer support professionals provide. The company's smart beds offer unmatched value by using sleep science to adjust firmness for each sleeper's unique needs and monitor vital health data and sleep trends. Additionally, Sleep Number earned the highest position in the J.D. Power 2023 U.S. Mattress Satisfaction Study for mattresses purchased in-store.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.35%
Tags
none
-
News
Sleep Number® Smart Beds May be an Eligible HSA/FSA Purchase, Helping More Sleepers Achieve Quality Sleep
Rhea-AI Summary
<br>Sleep Number Corporation (Nasdaq: SNBR) announced that sleepers may be able to apply their Health Savings Account (HSA) and Flex Spending Account (FSA) to their Sleep Number smart bed purchase, based on a health care provider's recommendation. This move aims to promote better sleep and health. The company also highlighted the various benefits of their smart beds and introduced the eligibility criteria and process for HSA/FSA. The press release emphasized the importance of quality sleep, the company's sleep data, and science-backed innovations. Sleepers can visit the company's website to learn more about eligibility and benefits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.41%
Tags
none
News
Sleep Number Announces Third Quarter 2023 Results
Rhea-AI Summary
Sleep Number Corporation (Nasdaq: SNBR) reports 13% decline in net sales to $473 million for Q3 2023, with an updated 2023 EPS outlook to a loss of up to $0.70 per share, and initiated $50 million in additional cost reduction actions for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-29.07%
Tags
earnings
-
News
Sleep Number Earns J.D. Power Award, Ranking #1 in Customer Satisfaction with Mattresses Purchased In-store
Rhea-AI Summary
Sleep Number Corporation has been named the highest-ranked brand for customer satisfaction with mattresses purchased in-store in the J.D. Power 2023 U.S. Mattress Satisfaction Study. Sleep Number also received top rankings for price, variety of features, and warranty factors. This is the fourth time Sleep Number has received this recognition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
none
-
News
Sleep Number Corporation to Announce Third Quarter 2023 Results on November 7th
Rhea-AI Summary
Sleep Number Corporation (Nasdaq: SNBR) will release its fiscal third quarter results on November 7, 2023. The company's management will host a conference call to discuss the results. The webcast will be available on the Sleep Number website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.93%
Tags
earnings
News
Blue Clay Capital Issues Statement Regarding Sleep Number Corporation
Rhea-AI Summary
Blue Clay Capital CO III, a long-term shareholder of Sleep Number Corporation (NASDAQ: SNBR), has sent a letter to the Sleep Number Board urging them to immediately elect three Stadium Capital Board Representatives. Blue Clay Capital owns over 1% of Sleep Number and previously sought shareholder board representation in 2015. Since then, Sleep Number's stock has declined 46% compared to a 161% gain for Tempur-Pedic and a 125% gain for the S&P 500. Blue Clay Capital attributes this poor performance to management's poor decisions, ineffective strategic choices, and a lack of accountability in management and governance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.66%
Tags
none
Stock SNBR logo
Sleep Number Corp

Nasdaq:SNBR

SNBR Rankings

#3363 Ranked by Market Cap
#4342 Ranked by Stock Gains
N/A Ranked by Dividends

SNBR Stock Data

289.35M
19.20M
5.96%
86.92%
9.84%
Upholstered Household Furniture Manufacturing
Manufacturing
Link
US
Minneapolis

About SNBR

at sleep number, our mission places customers at the heart of all we do: improving lives by individualizing sleep experiences. be a part of a company where teams of individuals are valued for their unique talents, perspectives, and experiences. we are the exclusive designer, manufacturer, marketer, retailer and servicer of a complete line of sleep number® beds including our newest addition, the sleepiq kids™ bed. only the sleep number bed offers sleepiq® technology to track and monitor your sleep, so you can make adjustments for your best possible sleep. sleep number also offers a full line of exclusive sleep products including flexfit™ adjustable bases and sleep number® bedding. take a closer look at our company and how we’re improving the lives of our customers and employees: • publicly traded company (nasdaq: scss) since 1998 • annual revenue in 2014 totaled more than $1.16b • headquarters in minneapolis, minnesota, manufacturing and distribution facilities in south carolina a