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Sleep Number (SNBR)
NASDAQ:SNBR
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.33Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -47.79%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant improvements in EBITDA and gross margin due to effective cost management and operational efficiency. However, these positives were offset by declines in net sales and challenging market conditions, including weakened consumer sentiment and economic pressures.Company Guidance
In the Sleep Number Q4 and Full Year 2024 earnings call, the company reported a 43% year-over-year increase in fourth quarter adjusted EBITDA, reaching $120 million for the full year, aligning with the midpoint of their guidance. The gross margin improved to 59.9% in Q4, contributing to a full-year gross margin of 59.6%, a 190 basis point increase over 2023. However, Q4 net sales declined 12% year-over-year to $377 million. The company reduced media spend by 18% in Q4 and 9% for the year, aiming to maximize EBITDA amidst challenging market conditions. Operational efficiency improvements resulted in a $28 million reduction in Q4 operating expenses and $88 million in cost reductions for the year. Sleep Number's demand year-to-date in 2025 remains down double digits, with ongoing macroeconomic challenges affecting consumer sentiment and spending. The company has amended its 2025 financial covenants for increased flexibility and is exploring debt restructuring options.Significant EBITDA Growth
Delivered a 43% year-over-year increase in fourth quarter adjusted EBITDA, with a full year adjusted EBITDA of $120 million, in line with the midpoint of guidance.
Gross Margin Improvement
Fourth quarter gross margin reached 59.9%, resulting in a full year gross margin of 59.6%, a 190 basis point increase over 2023.
Cost Reductions Exceed Expectations
Achieved a $28 million year-over-year reduction in fourth quarter operating expenses, with 2024 full year cost reductions of $88 million, nearly double the initial targets.
Product Mix and Operational Efficiency
Favorable product mix and cost efficiencies, including material cost reductions and supplier negotiations, contributed to the gross margin increase.
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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 |
|---|---|---|---|
| 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% |
| Apr 24, 2024 | $13.57 | $14.23 | +4.86% |
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 Apr 23, 2025, TBA Not Confirmed.
What is Sleep Number (SNBR) earnings time?
Sleep Number (SNBR) earnings time is at Apr 23, 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 (Q1) is <0.01.
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