Sleep Number (SNBR)
NASDAQ:SNBR
Want to see SNBR full AI Analyst Report?
SNBR Stock Chart & Stats
$2.53
-$0.05(-0.33%)
At close: 4:00 PM EST
$2.53
-$0.05(-0.33%)
Day’s Range― - ―
52-Week Range$1.06 - $13.94
Previous CloseN/A
Volume84.29K
Average Volume (3M)702.55K
Market Cap
$71.43M
Enterprise Value$1.01B
Total Cash (Recent Filing)$1.69M
Total Debt (Recent Filing)$942.50M
Price to Earnings (P/E)―
Beta3.89
Next Earnings
May 12, 2026EPS Estimate
-0.39Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-5.76
Shares Outstanding23,041,012
10 Day Avg. Volume1,142,307
30 Day Avg. Volume702,550
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.34
Price to Sales (P/S)0.14
P/FCF Ratio-11.12
Enterprise Value/Market Cap14.17
Enterprise Value/Revenue0.72
Enterprise Value/Gross Profit1.22
Enterprise Value/Ebitda17.66
Forecast
1Y Price Target
$4.50Price Target Upside77.87% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)-0.48
Revenue Forecast (FY)$1.37B
Bulls Say, Bears Say
Bulls Say
Product TractionComfortMode’s strong early sales and materially higher gross margin indicate genuine product-market fit and improved unit economics. A faster, better-selling SKU that raises gross margins can sustainably lift profitability as marketing and distribution scale, supporting a multi-quarter recovery in revenue mix and margins.
Structural Cost CutsLarge, executed cost reductions ($185M) plus an additional $50M identified meaningfully lower the company’s fixed-cost base. This structural expense rebase reduces break-even sales, improves cash burn dynamics, and increases resilience to revenue volatility, making sustained adjusted EBITDA and positive FCF targets more achievable over coming quarters.
High Gross MarginsConsistently high gross margins (near 57%–60%) reflect strong pricing power and product differentiation from the smart-bed DTC model. Durable gross margin rates provide a margin buffer while operating leverage and SG&A improve, enabling faster restoration of operating profitability once top-line trends stabilize.
Bears Say
Stressed Balance SheetNegative equity and debt materially larger than assets constrain financial flexibility and elevates refinancing risk. With heavy leverage and limited cushion, the company faces structural capital-structure pressure that can force dilutive or costly financing solutions if operating improvements take longer than planned.
Weak Cash GenerationReversion to negative operating and free cash flow in the trailing twelve months shows cash generation is inconsistent. Persistent cash deficits undermine the company’s ability to self-fund working capital and service debt, increasing dependency on external liquidity and raising execution risk for the turnaround plan.
Sustained Top-Line DeclineMaterial revenue declines (FY -16%, Q4 -8%) signal demand disruption and unit-volume weakness. Top-line contraction reduces operating leverage, pressures margins and cash flow, and makes recovery contingent on sustained customer adoption of new SKUs and marketing effectiveness over multiple quarters.
Sleep Number News
SNBR FAQ
What was Sleep Number’s price range in the past 12 months?
Sleep Number lowest stock price was $1.06 and its highest was $13.94 in the past 12 months.
What is Sleep Number’s market cap?
Sleep Number’s market cap is $71.43M.
When is Sleep Number’s upcoming earnings report date?
Sleep Number’s upcoming earnings report date is May 12, 2026 which is in 8 days.
How were Sleep Number’s earnings last quarter?
Sleep Number released its earnings results on Mar 12, 2026. The company reported -$2.55 earnings per share for the quarter, missing the consensus estimate of -$0.501 by -$2.049.
Is Sleep Number overvalued?
According to Wall Street analysts Sleep Number’s price is currently Undervalued.
Does Sleep Number pay dividends?
Sleep Number does not currently pay dividends.
What is Sleep Number’s EPS estimate?
Sleep Number’s EPS estimate is -0.39.
How many shares outstanding does Sleep Number have?
Sleep Number has 23,041,012 shares outstanding.
What happened to Sleep Number’s price movement after its last earnings report?
Sleep Number reported an EPS of -$2.55 in its last earnings report, missing expectations of -$0.501. Following the earnings report the stock price went down -20.044%.
Which hedge fund is a major shareholder of Sleep Number?
Currently, no hedge funds are holding shares in SNBR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Sleep Number Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$4.50 (77.87% Upside)
$4.50 (77.87% Upside)
Hedge Fund Trend
Increased
By 6.8K Shares
Last Quarter.
Last Quarter.
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-70.12%
12-Months-Change
Fundamentals
Return on Equity
25.91%
Trailing 12-Months
Asset Growth
-20.53%
Trailing 12-Months
Company Description
Sleep Number
Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides adjustable bases under the FlextFit, and smart beds under the Sleep Number 360 brands. The company sells its products directly to consumers through retail, online, phone, and chat as well as through its e-commerce activities. As of January 2, 2022, it operated approximately 648 retail stores in 50 states. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was founded in 1987 and is headquartered in Minneapolis, Minnesota.
SNBR Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented meaningful evidence of a successful operational turnaround: product launch traction (Comfort mode selling well), substantial cost reductions ($185M executed plus $50M identified), improved adjusted EBITDA (beat guidance), and strengthening brand metrics. However, the company continues to face significant top-line pressure (FY sales down 16%, Q4 and Q1 softness), a Q4 inventory obsolescence charge, short-term margin headwinds from clearance activity, and ongoing liquidity and capital-structure work. Overall, the tone is cautiously optimistic — strong early wins and clear operational progress offset by material near-term revenue and liquidity challenges.View all SNBR earnings summariesSNBR Net sales Breakdown
86.84% Retail stores
13.16% Online, phone, chat and other
SNBR Stock 12 Month Forecast
Average Price Target
$4.50
▲(77.87% Upside)
Technical Analysis
Ethan Allen
―
MillerKnoll
―
La-Z-Boy Incorporated
―
Leggett & Platt
―
Purple Innovation
―
Ownership Overview
11.08% Insiders
16.53% Mutual Funds
0.51% Other Institutional Investors
54.37% Public Companies and
Individual Investors