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 (SNBR) announced new studies to be presented at World Sleep 2022, showcasing the capabilities of its 360 smart bed. Results indicate that the bed can detect sleep stages in real-time using cardiac data, potentially aiding in the identification of sleep disorders. Additional studies suggest the technology could predict symptoms of influenza-like illnesses. Sleep Number also plans to host a symposium discussing how to optimize sleep environments for better quality. This advances Sleep Number’s mission to improve lives through enhanced sleep health.
Sleep Number Corporation (Nasdaq: SNBR) reported strong 2021 results despite supply chain challenges, with record net sales of $2.18 billion and diluted EPS of $6.16. The fourth quarter faced a 13% decline in net sales due to semiconductor delays, impacting over $125 million in revenue. However, the company achieved a gross profit of $1.32 billion, maintaining a 60.4% margin. Looking forward, Sleep Number anticipates a 10-15% EPS growth for 2022, with initial challenges expected from ongoing supply constraints.
Sleep Number Corporation (NASDAQ: SNBR) announced it will release its fourth quarter and full-year results on January 1, 2022, after market close, with a conference call scheduled for February 23, 2022, at 5 p.m. EST. The company highlights its commitment to individualizing sleep experiences, boasting over 5,000 team members and impacting nearly 14 million lives. Sleep Number's 360® smart beds utilize data from over one billion sleep sessions to provide personalized comfort and sleep health insights.
Sleep Number Corporation (Nasdaq: SNBR) has announced a partnership with the American Cancer Society to conduct foundational research aimed at developing cancer-specific sleep guidelines. This collaboration will harness Sleep Number's sleep data and expertise over the next six years to improve sleep quality for cancer patients and survivors. The initiative seeks to understand the role of sleep in cancer prevention and recovery, addressing a previously unexplored area in cancer care.
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.
FAQ
What is the current stock price of Sleep Number (SNBR)?
What is the market cap of Sleep Number (SNBR)?
