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 (Nasdaq: SNBR) is a sleep wellness and wellness technology company in the upholstered household furniture manufacturing industry, known for its smart beds, mattresses, adjustable bases, bedding, pillows, and furniture. This news page aggregates company announcements, press releases, and other updates that reflect how Sleep Number is evolving its products, operations, and financial position.
Readers can expect product-focused news, including launches such as ComfortMode, which the company describes as its most comfortable mattress at a sub-$1,600 price point with firmness adjustability and temperature-balancing benefits that do not require an app or connectivity. Updates may also cover new adjustable bases and other additions to the company’s sleep solutions portfolio, particularly those aimed at reaching broader segments of the market and simplifying the product offering.
The news flow for Sleep Number also includes financial and strategic updates, such as quarterly earnings results, cost reduction efforts, and details of the company-wide turnaround strategy. Recent communications have discussed declines in net sales, net losses, significant operating expense reductions, and amendments to the company’s credit agreement designed to provide financial flexibility and support its turnaround plan.
Investors and followers of SNBR can also find leadership and governance news, including changes in executive roles such as chief financial officer transitions, board retirements, and participation in investor conferences. These items provide context on how the company is managing its capital structure, refining its strategy, and engaging with the investment community.
For anyone tracking developments in personalized sleep wellness, smart bed technology, and direct-to-consumer mattress retailing, this page offers a focused view of Sleep Number’s latest announcements. Regularly reviewing the SNBR news feed can help users understand how the company’s product initiatives, financial performance, and strategic actions are progressing over time.
Sleep Number Corporation (NASDAQ: SNBR) has renewed its partnership with the Dallas Cowboys as the "Official Sleep + Wellness Partner" for the next five years, extending through the 2026-2027 NFL season. This collaboration began in 2017 and focuses on optimizing player performance through Sleep Number's 360® smart beds, enabling approximately 85% of the team to access personalized sleep data. Additionally, the partnership will involve community initiatives, including support for cancer patients. A new advertising campaign featuring Dak Prescott will launch during the NFL season.
Synchrony (NYSE: SYF) and Sleep Number (Nasdaq: SNBR) have renewed their longstanding financing partnership, enhancing their nearly 20-year collaboration. This multi-year agreement involves joint investments aimed at improving customer experiences and making Sleep Number's sleep solutions more accessible. Key initiatives include advancing consumer payment options, deepening personalization, and increasing credit access. Sleep Number aims to launch the Climate360™ smart bed in October, designed to enhance sleep through temperature adjustments. The partnership leverages both companies' consumer insights and digital capabilities.
Sleep Number Corporation (Nasdaq: SNBR) reported a 13% increase in second-quarter net sales, reaching $549 million, with diluted EPS growing 75% to $1.54.
Year-to-date results showed a 2% increase in net sales, but diluted EPS dropped to $1.60 from $3.44 last year, impacted by electronic supply constraints and low consumer sentiment. The company updated its 2022 EPS outlook to $3.00 to $4.00 per share, while maintaining a liquidity of over $375 million against current debt.
Sleep Number Corporation (NASDAQ: SNBR) is set to announce its second quarter results on July 27, 2022, after market close. The management will conduct a conference call at 5 p.m. EDT to discuss the results. Interested parties can access the webcast through the investor relations section of the Sleep Number website. The company has a strong focus on individualizing sleep experiences with their award-winning 360® smart beds, leveraging extensive sleep data to enhance sleep quality.
Sleep Number Corporation (NASDAQ: SNBR) presented new findings at SLEEP 2022, showcasing its 360 smart bed's ability to unobtrusively measure body temperature and predict daytime alertness trends. The studies revealed that skin temperature significantly impacts sleep quality and that the bed can accurately assess alertness in large populations. Over 15 billion hours of sleep data, gathered from 1.8 billion sessions, support these findings. These innovations aim to enhance personal sleep experiences and promote overall health.
Sleep Number Corporation (NASDAQ: SNBR) announced a new study published in Sensors showcasing the effectiveness of its SleepIQ technology in measuring sleep metrics. The study indicates a strong correlation between SleepIQ and traditional polysomnography (PSG), suggesting the smart bed can reliably monitor sleep quality over extended periods, unlike PSG which is costly and burdensome. With over 14 billion hours of sleep data collected, users reportedly gain an average of 170 hours of restful sleep annually. This validation could advance sleep health research and patient monitoring.
Sleep Number Corporation (Nasdaq: SNBR) reported a 7% decline in net sales for Q1 2022, totaling $527 million, attributed to supply chain issues and decreased demand due to macroeconomic challenges. Diluted EPS was $0.09, falling short of expectations of $0.30-$0.40. Despite these challenges, backlog increased by 20% since December, exceeding $200 million. The 2022 EPS outlook was revised to $5.00 to $6.00 per share, reflecting anticipated low double-digit sales growth and strong operating cash flow expectations.
Sleep Number Corporation (NASDAQ: SNBR) will announce its Q1 results on April 20, 2022, after market closure, with a scheduled conference call at 5 p.m. EDT. The company highlights its commitment to improving lives through personalized sleep experiences, having positively impacted over 14 million lives. Its innovative 360 Smart Beds utilize extensive sleep data to enhance comfort and provide individualized sleep health insights. For further details, investors can access the webcast on Sleep Number's investor relations website.
Sleep Number Corporation (NASDAQ: SNBR) has announced a leadership transition, with Shelly R. Ibach elected as Board Chair effective May 12, 2022. Ibach, also President and CEO, succeeds Jean-Michel Valette, who remains on the Board after serving since 2010. Michael J. Harrison has been appointed as independent Lead Director. Ibach has led the company since June 2012, during which Sleep Number has improved nearly 14 million lives and collected almost 14 billion hours of sleep data through its innovative 360 smart beds. This change reflects a commitment to strong corporate governance.
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