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Sleep Number (SNBR)
NASDAQ:SNBR
Earnings Data
Report Date
Jul 16, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.22Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 3.34%
|Next Earnings Date:Jul 16, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant challenges, including a notable decline in net sales and adjusted EBITDA. However, there were positive developments in gross profit margin expansion and cost reduction plans. The overall sentiment reflects a company facing significant headwinds but making strategic efforts to stabilize and improve efficiency.Company Guidance
In the Q1 2025 earnings call, Sleep Number provided several key financial and strategic metrics. Net sales for the quarter were reported at $393 million, marking a 16% decline compared to the previous year. However, the company achieved a gross profit margin of 61.2%, an increase of 250 basis points from last year, aided by operational efficiencies and a favorable product mix. Operating expenses totaled $237 million, showing a $23 million or 9% improvement year-over-year, excluding restructuring and onetime costs. Adjusted EBITDA was $22 million, reflecting a decrease of $15 million from the prior year, with an adjusted EBITDA margin of 5.6%, down 230 basis points. The company is strategically managing its debt, maintaining a leverage ratio of 4.46x EBITDAR, within the covenant maximum of 4.75x. Sleep Number has also outlined cost reduction goals, estimating an annualized reduction of $80 million to $100 million, aiming to stabilize and position for future growth despite the challenging consumer environment. The company is also navigating tariff impacts, with an unmitigated effect estimated at $30 million for 2025, while aiming to offset $17 million through supplier partnerships and supply chain flexibility.Gross Profit Margin Expansion
Gross profit margin expanded to 61.2% in the first quarter, up 250 basis points versus last year, driven by operational efficiencies and product mix improvements.
Positive Consumer Response to Climate Series Beds
The Climate Series beds helped expand the Average Revenue per Unit (ARU) by approximately 4% compared to last year.
Operating Cost Improvements
First quarter operating expenses, excluding restructuring and onetime costs, were $237 million, a $23 million or 9% improvement over last year.
Planned Annualized Cost Reductions
The company plans $80 million to $100 million in annualized cost reductions, focusing on organizational efficiency and marketing.
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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
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SNBR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Jul 31, 2024 | $11.80 | $14.15 | +19.92% |
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.
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FAQ
When does Sleep Number (SNBR) report earnings?
Sleep Number (SNBR) is schdueled to report earning on Jul 16, 2025, TBA Not Confirmed.
What is Sleep Number (SNBR) earnings time?
Sleep Number (SNBR) earnings time is at Jul 16, 2025, TBA Not 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 2025 (Q2) is -0.11.
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