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Sleep Number Corp (SNBR)
:SNBR
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.23Last Year’s EPS
-1.12Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 30.76%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call depicted a company facing significant demand challenges and a decline in net sales, leading to a lowered EBITDA outlook. However, the company has made notable improvements in gross margin and cost efficiencies, contributing to increased free cash flow. Despite these positive internal efforts, the external market conditions remain challenging.Company Guidance
During the Sleep Number Q3 2024 earnings call, the company provided guidance indicating a challenging macroeconomic environment with persistent weak consumer demand, leading to a revision in their full-year adjusted EBITDA guidance to a range of $115 million to $125 million. Despite a gross margin improvement to 60.8%, net sales for the quarter were down 10% year-over-year, reaching $427 million. The company achieved a third-quarter adjusted EBITDA of $28 million, slightly within their $25 million to $30 million guidance range. They anticipate full-year net sales to decline by approximately 10%, with operating expenses expected to decrease by about $75 million versus the prior year, reflecting ongoing cost control measures. Looking to 2025, the company estimates that net sales of approximately $1.7 billion would be required to remain within their debt covenant levels, emphasizing their focus on maintaining financial resilience amid ongoing industry challenges.Gross Margin Improvement
The gross margin rate improved to 60.8% in Q3, up 340 basis points from the previous year. Year-to-date gross margin rate was 59.5%, which is 150 basis points above the prior year.
Operating Expense Reductions
Q3 operating expenses were reduced by $17 million year-over-year before restructuring costs, and year-to-date expenses were down by $60 million.
Free Cash Flow Increase
Year-to-date free cash flow increased by $50 million compared to the same period last year.
Cost Control and Efficiency Initiatives
The company has been successful in streamlining costs and increasing efficiencies, resulting in a more durable business model.
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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 |
|---|---|---|---|
| Oct 30, 2024 | $13.23 | $13.70 | +3.55% |
| Jul 31, 2024 | $11.80 | $14.15 | +19.92% |
| Apr 24, 2024 | $13.57 | $14.23 | +4.86% |
| Feb 22, 2024 | $11.05 | $14.70 | +33.03% |
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 Corp (SNBR) report earnings?
Sleep Number Corp (SNBR) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Sleep Number Corp (SNBR) earnings time?
Sleep Number Corp (SNBR) earnings time is at Feb 19, 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 2024 (Q4) is -0.23.
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