The earnings call highlighted significant financial restructuring and cost reduction efforts, which are expected to support future growth. However, the company's current financial performance, including a notable decline in sales and profits, reflects ongoing challenges in the competitive landscape.
Company Guidance
During the Q3 2025 earnings call, Sleep Number provided guidance that emphasized a strategic turnaround aimed at stabilizing and growing sales in 2026. The company reported a 19.6% decline in Q3 net sales to $343 million, with a gross profit margin of 59.9%. Operating expenses, excluding restructuring costs, fell by 18% year-over-year to $204 million. Despite a challenging competitive environment and media spend reductions of 32% in Q2 and Q3, Sleep Number is optimistic about future prospects. They secured an amendment to their bank agreement through 2027, allowing for increased financial flexibility to invest in growth initiatives. The company expects full-year 2025 net sales of approximately $1.4 billion, with adjusted EBITDA of around $70 million and a negative free cash flow of approximately $50 million. Looking ahead, Sleep Number plans to simplify its product offerings, enhance marketing strategies, optimize its distribution model, and continue cost reduction efforts, including a focus on real estate consolidation, to drive improved financial performance in 2026.
Bank Agreement Extension
Secured an amendment and extension of the bank agreement through 2027, providing financial flexibility to focus on sales-driving initiatives and execute the turnaround strategy.
Cost Reduction Achievements
Reduced operating expenses, excluding restructuring and nonrecurring costs, by $115 million with an expectation to exceed the $130 million cost-out target for 2025.
Marketing Efficiency Improvements
Achieved a 6% decline in cost per acquisition versus the prior year, with improvements in marketing efficiency expected to drive increased traffic in the future.
Sleep Number (SNBR) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
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%
Oct 30, 2024
$13.23
$13.70
+3.55%
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 Corp (SNBR) report earnings?
Sleep Number Corp (SNBR) is schdueled to report earning on Feb 25, 2026, After Close (Confirmed).
What is Sleep Number Corp (SNBR) earnings time?
Sleep Number Corp (SNBR) earnings time is at Feb 25, 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.