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The latest update is out from Sleep Number ( (SNBR) ).
On March 12, 2026, Sleep Number posted a detailed investor presentation outlining the progress of its ongoing turnaround and financial and operational transformation. The company highlighted 2025 net sales of $1.41 billion in line with guidance, adjusted EBITDA of $78 million above outlook, more than $185 million in annualized cost reductions with another $50 million being executed, and a reshaped leadership team focused on restoring profitable growth.
Management said 2025 was a pivotal year, citing the successful launch of its ComfortMode mattress, which exceeded sales expectations by 3.5 times, and the planned March 23 reset of its entire product line to emphasize comfort, durability, adjustability and value at more approachable premium price points. Sleep Number is also rebuilding its marketing engine, pursuing new physical and digital distribution, and working to address liquidity and capital structure, including retaining Guggenheim Securities to evaluate options to improve its balance sheet and financial flexibility as it targets topline growth in the second half of the year and a return to free cash flow generation in 2026.
The most recent analyst rating on (SNBR) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Sleep Number stock, see the SNBR Stock Forecast page.
Spark’s Take on SNBR Stock
According to Spark, TipRanks’ AI Analyst, SNBR is a Neutral.
The score is held down primarily by stressed financial performance (losses, negative TTM cash flow, and negative equity/high leverage) and very bearish technicals (below key moving averages with weak momentum). The earnings call adds some support due to improving EBITDA and identified cost reductions with an expectation of positive 2026 free cash flow, but valuation signals are limited given negative earnings and no dividend yield provided.
To see Spark’s full report on SNBR stock, click here.
More about Sleep Number
Sleep Number Corp. is a sleep wellness company that designs, manufactures, markets and distributes premium, data-driven sleep solutions, including adjustable smart beds that integrate physical and digital innovations for personalized comfort, firmness and temperature control. The company leverages extensive biosignal data collected nightly from millions of sleepers and operates a large fleet of retail stores, positioning it as a leading brand in the higher-end mattress and smart bed market.
Average Trading Volume: 705,852
Technical Sentiment Signal: Strong Sell
Current Market Cap: $104.6M
See more data about SNBR stock on TipRanks’ Stock Analysis page.