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Sleep Number (SNBR)
NASDAQ:SNBR
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.35Last Year’s EPS
-0.38Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
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.Company Guidance
Adjusted EBITDA Beat
Full-year adjusted EBITDA of $78 million exceeded prior guidance of $70 million, with pro forma adjusted EBITDA margin approximately 9%, a ~200 basis point improvement versus the prior year.
Product Launch Early Outperformance
Comfort mode mattress (10-inch) launched in January is selling 3.5x the company's plan through end of February and nearly 2x the combined sales of the three C Series beds it replaces; comfort mode shows a ~10 percentage point gross margin improvement versus the replaced C Series SKUs.
Significant Cost Reductions
Executed approximately $185 million of annualized cost savings in 2025 and identified an incremental $50 million of annualized fixed cost reductions to be executed in 2026, supporting margin recovery and lower cash burn.
Full-Year Sales In Line with Guidance
Full-year net sales of $1.41 billion were in line with company guidance despite reduced marketing spend and lower traffic during the year.
Marketing and Brand Momentum
Marketing funnel metrics improved through 2025; brand consideration among premium shoppers grew 10% and reached the highest consideration in the premium category, with highest levels in six years on key drivers (value, quality, comfort, individualized comfort).
Lower-than-Expected Cash Use and Liquidity Compliance
Use of cash for 2025 was $18 million versus a $50 million guidance (better than expected). Total liquidity (cash + revolver) was $58 million at year-end, above the amended $30 million covenant floor, and the company remained in compliance with credit covenants.
Operational Execution Speed
Completed a large-scale product reset in ~10 months (work typically taking >2 years), enabling a simplified lineup (from 12 to 7 mattresses) and a faster go-to-market for new SKUs available starting March 23 with most floors set by mid-April.
Forward Improvement Outlook
Company expects significant revenue improvement in Q2, double-digit sales growth in the second half of 2026, adjusted EBITDA growth in the high teens to mid-20s percent year-over-year, and positive free cash flow for 2026 (no formal guidance provided).
SNBR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SNBR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 12, 2026 | $4.59 | $3.67 | -20.04% |
Jul 30, 2025 | $8.16 | $7.01 | -14.09% |
Apr 30, 2025 | $7.79 | $8.05 | +3.34% |
Mar 05, 2025 | $12.89 | $7.49 | -41.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sleep Number (SNBR) report earnings?
Sleep Number (SNBR) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Sleep Number (SNBR) earnings time?
Sleep Number (SNBR) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNBR EPS forecast?
SNBR EPS forecast for the fiscal quarter 2026 (Q1) is -0.35.
