Sleep Number (SNBR)
NASDAQ:SNBR
SNBR Stock Chart & Stats
$1.70
-$0.05(-0.33%)
At close: 4:00 PM EST
$1.70
-$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
$32.24M
Enterprise Value$981.28M
Total Cash (Recent Filing)$1.69M
Total Debt (Recent Filing)$942.50M
Price to Earnings (P/E)―
Beta3.13
Next Earnings
Apr 29, 2026EPS Estimate
-0.35Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.55
Shares Outstanding22,864,000
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 Cap30.44
Enterprise Value/Revenue0.70
Enterprise Value/Gross Profit1.18
Enterprise Value/Ebitda17.12
Forecast
1Y Price Target
$4.50Price Target Upside164.71% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)-0.47
Revenue Forecast (FY)$1.37B
Bulls Say, Bears Say
Bulls Say
Durable Gross MarginsStable high gross margins (~57%–60%) indicate durable product economics for Sleep Number’s smart-bed hardware. Even with volume swings, strong gross margins provide structural capacity to restore profitability via SG&A reductions and higher attachment rates, supporting medium-term margin recovery.
Product-market Fit: ComfortMode TractionComfortMode’s rapid outperformance (3.5x plan) and materially higher unit gross margin (~+10pp) signal genuine product-market fit and pricing power within the premium segment. A successful new SKU that lifts ASPs and margins is a durable structural driver for recovery in sales mix and profitability.
Material Cost-structure ImprovementLarge, executed cost cuts ($185M) plus an additional $50M identified materially reduce the fixed-cost base and cash burn. Persistent lower operating expense levels improve leverage dynamics, making future revenue troughs less damaging and increasing the chance of sustainable adjusted EBITDA and free cash flow once sales stabilize.
Bears Say
Highly Stressed Capital StructureNegative equity and debt materially above the asset base create limited financial flexibility and elevate refinancing and covenant risk. This levered capital structure constrains investment, increases the cost of incremental capital, and could force dilutive or disruptive financing actions if operating performance falters.
Inconsistent Cash Generation And Negative FCFRecurrent negative operating and free cash flow weakens the firm’s ability to self-fund working capital, inventory resets, and debt service. Without consistent FCF, Sleep Number will depend on external financing to sustain operations or execute turnaround plans, raising execution and liquidity risk over the coming months.
Sustained Top-line Pressure And Visibility GapMaterial revenue declines (FY -16% and Q1 expected down high‑teens) underscore demand weakness and create prolonged revenue recovery uncertainty. Low sales volumes impair operating leverage, slow inventory turnover, and prolong margin recovery, making restoration of cash flow and debt metrics more challenging.
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 $32.24M.
When is Sleep Number’s upcoming earnings report date?
Sleep Number’s upcoming earnings report date is Apr 29, 2026 which is in 14 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 -0.35.
How many shares outstanding does Sleep Number have?
Sleep Number has 22,864,000 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
Underperform
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Analyst Consensus
Hold
Average Price Target:
$4.50 (164.71% Upside)
$4.50 (164.71% Upside)
Hedge Fund Trend
Increased
By 6.8K Shares
Last Quarter.
Last Quarter.
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
▲(164.71% Upside)
Technical Analysis
Ethan Allen
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MillerKnoll
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La-Z-Boy Incorporated
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Leggett & Platt
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Purple Innovation
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Ownership Overview
9.57% Insiders
17.39% Mutual Funds
27.52% Other Institutional Investors
27.43% Public Companies and
Individual Investors