Welcome to our dedicated page for Sleep Number news (Ticker: SNBR), a resource for investors and traders seeking the latest updates and insights on Sleep Number stock.
Sleep Number Corporation (SNBR) delivers innovative sleep solutions through its smart bed technology and wellness-focused products. This news hub provides investors and industry observers with timely updates on corporate developments, financial performance, and sleep technology advancements.
Access official press releases covering quarterly earnings, product launches, and strategic partnerships. Our curated collection includes analyses of Sleep Number's vertical integration model and its market impact through SleepIQ®-enabled innovations.
Key content areas include executive leadership updates, retail expansion announcements, and technological breakthroughs in sleep monitoring. Bookmark this page for reliable updates on SNBR's initiatives in personalized sleep health solutions and direct-to-consumer sales strategies.
Sleep Number Corporation (Nasdaq: SNBR) reported its first-quarter results for 2023, revealing net sales of $527 million, consistent with the previous year. The company achieved a net operating profit of $26 million, a significant increase of $22 million, alongside a 160 basis point improvement in gross profit margins, reaching 58.9%. Diluted EPS surged to $0.51 from $0.09 year-over-year. The company reiterated its full-year earnings outlook of $1.25 to $2.00 per diluted share. Operational efficiencies have improved due to a steady supply of microchips, enabling better performance amidst low consumer sentiment. The company anticipates a flat to mid-single digit decline in net sales for 2023 and plans capital expenditures between $50 million and $60 million.
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