Sleep Number Stock Price, News & Analysis

Sleep Number unveiled its advanced 360^® smart bed at CES 2022, which received three CES Innovation Awards. This smart bed features enhanced sensing capabilities designed to monitor sleep and health, providing personalized insights. It aims to redefine health care by enabling continuous monitoring of wellness and potential health conditions. The new smart furniture complements the bed, improving sleep environments with features like mobility aids and ambient lighting. Both products will be available in 2023, starting from $1,099 for the smart bed.

Sleep Number Corporation (NASDAQ: SNBR) has announced a multi-year partnership with the American Cancer Society to support cancer patients and caregivers. The partnership involves providing 360^® smart beds and sleep solutions to Hope Lodges across the country, aiming to enhance sleep quality for individuals in treatment. The initiative will first support locations in Minneapolis and Rochester, contributing to a nurturing environment for those in need. The partnership emphasizes Sleep Number's commitment to improving health and wellbeing.

Sleep Number Corporation (SNBR) reported strong third-quarter results, with net sales rising 21% to a record $640 million, reflecting a 35% increase compared to 2019. Operating income also saw a 4% rise to $73 million, while year-to-date EPS surged 106% year-over-year to $5.63. The company generated $293 million in operating cash flows and boasts a trailing twelve-month ROIC of over 34%. However, challenges remain due to global semiconductor shortages affecting customer deliveries. SNBR aims for an EPS of $7.25 for 2021, nearly triple that of 2019.

Sleep Number Corporation (NASDAQ: SNBR) announced the appointment of Phillip Eyler and Angel L. Mendez to its Board of Directors, effective January 2, 2022. Eyler, CEO of Gentherm, brings expertise in thermal management technologies, while Mendez has extensive experience in supply chain operations at HERE Technologies and Cisco Systems. Their leadership is expected to enhance Sleep Number's focus on connected sleep health and improve stakeholder value, according to President and CEO Shelly Ibach.

Sleep Number Corporation (NASDAQ: SNBR) has announced a partnership with the Los Angeles Rams, becoming their 'Official Sleep + Wellness Partner.' This marks Sleep Number's fourth NFL team partnership, enhancing its role within the league since 2018. The collaboration aims to improve player performance by promoting quality sleep through Sleep Number's innovative 360^® smart beds. Nearly 80% of Rams players have already adopted these beds. This initiative is expected to benefit around 3,500 athletes and further demonstrates the team's commitment to holistic player wellness.

Sleep Number Corporation (NASDAQ: SNBR) is set to release its third quarter results on October 27, 2021, after market close. A conference call will follow at 5 p.m. EDT. Investors can access the webcast through the company's investor relations page. Sleep Number is committed to enhancing lives through individualized sleep experiences, having positively impacted over 13 million lives. Their award-winning 360® smart beds utilize extensive sleep data to deliver personalized comfort and sleep health insights.

Sleep Number Corporation (NASDAQ: SNBR) has introduced My Sleep Health, a feature designed to enhance sleep quality by offering personalized insights and recommendations based on sleep duration, efficiency, and timing. This innovation utilizes data from the brand's 360 smart beds and aims to educate users on the importance of sleep health. Notably, Sleep Number's data indicates that sleepers are experiencing improved sleep quality post-pandemic, with an average increase of 12 minutes of total sleep per night. The new feature is available through an over-the-air update.

Sleep Number Corporation (Nasdaq: SNBR) reported strong financial results for the quarter ended July 3, 2021, highlighting an 18% average demand growth over the last twelve quarters. Despite supply constraints that limited net sales in June and July, net sales increased 39% year-to-date to $1.05 billion. Operating income surged by 161%, and earnings per diluted share skyrocketed 270% to $3.44. The company raised its 2021 EPS outlook to at least $7.25, reflecting robust consumer demand and improving operational efficiencies.

Sleep Number Corporation (SNBR) will announce its second quarter results on July 20, 2021, after market close. A conference call is scheduled for 5 p.m. EDT to discuss the findings. Interested individuals can access the webcast from the Sleep Number investor relations website. The company emphasizes its mission of enhancing sleep quality through its advanced 360^® smart beds, which utilize extensive sleep data to create personalized sleep experiences. More than 13 million lives have been positively impacted through improved sleep health.