Sleep Number (SNBR)
NASDAQ:SNBR
Want to see SNBR full AI Analyst Report?
Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.37Last Year’s EPS
-1.09Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of encouraging operational progress and meaningful near-term financial stress. Highlights include a successful and fast product reset with strong early consumer metrics (NPS gains, ARU improvement, lower returns), improving March and April demand trends, e-commerce growth, sizeable cost-savings execution, and short-term lender support that provided $55 million of incremental liquidity. Offsetting these positives are significant YoY revenue decline (-19%), margin compression (~329 bps YoY), negative free cash flow for the quarter, a short-term $25 million term loan maturing June 30, 2026 that requires a recapitalization, and continued reliance on discounts to clear legacy inventory. Overall the company shows tangible operational momentum but remains exposed to capital-structure and cash-flow risk until a longer-term financing solution is secured.Company Guidance
Product Reset and Strong Early Product Metrics
Completed a full product reset across all stores in <4 weeks; stores with the new lineup showed 12% higher ARU versus stores with legacy products. ComfortMode (launched Jan, broad rollout Mar 23) drove +15 point improvement in overall NPS and +27 points versus prior entry-level C series; ComfortMode has ~100 bps lower return rate versus the historical product it replaces.
Demand Improvement in March
March demand rose ~6% year-over-year — the first comparable YoY demand growth in two years — driven by ComfortMode launch, updated marketing and legacy SKU clearance efforts.
Net Sales and Adjusted EBITDA Performance vs Plan
Reported Q1 net sales of $319 million (in line with company expectations). Adjusted EBITDA was approximately $5.8–$6.0 million, ahead of the company's internal plan for the quarter.
Average Retail Unit (ARU) and Ticket Expansion
Q1 ARU was $6,021 (up slightly year-over-year). Stores set with new beds showed ~12% higher ARU; management expects ARU expansion as the full product line rolls out.
Premium Product Traction
ComfortNext Lux is the top-selling bed, priced around $4,000 (queen size), representing an early favorable shift toward a higher-margin product mix.
E‑commerce and Digital Discoverability Gains
E-commerce demand grew ~5% year-over-year in April; AI discoverability work improved AI citations by ~25% year-to-date and website improvements simplified purchase flow.
Material Cost-Savings and Expense Reductions
Since the start of 2025, identified >$235 million of annualized savings and executed ~$200 million; Q1 adjusted operating expenses before restructuring were $195 million, down $42 million (18%) YoY. Executing a $50 million annualized cost savings plan (~30% executed YTD).
Near-Term Liquidity Relief Secured
Reached amendment with lenders providing approximately $55 million of near-term incremental liquidity, including a new $25 million senior secured term loan and covenant forbearance and relief (minimum liquidity covenant relief through June 30, 2026). Q1 total liquidity was $40 million (cash + revolver capacity).
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 |
|---|---|---|---|
May 12, 2026 | $2.45 | $1.90 | -22.45% |
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% |
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 Jul 23, 2026, After Close (Confirmed).
What is Sleep Number (SNBR) earnings time?
Sleep Number (SNBR) earnings time is at Jul 23, 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 (Q2) is -0.37.
