Sleep Number says ClimateCool series outperforming expectations

Says inflation and economic uncertainty continue to suppress discretionary spending. Says reduced media spend by 18% in Q4. Says reduced Q4 operating expenses by $28M. Says working to offset impacts from tariffs. Says not providing outlook for 2025 at this time. Says ClimateCool series outperforming expectations. Says growing at the top and losing at the bottom. Says tariff situation highly dynamic. Says largest tariff exposure comes from Mexico which is where a third of materials come from. Says having success with higher income customer. Comments taken from Q4 earnings conference call.