Sleep Number Corporation

NASDAQ•SNBR

CEO: Ms. Shelly R. Ibach

Sector: Consumer Cyclical

Industry: Furnishings, Fixtures & Appliances

Listing Date: 1998-12-04

Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides smart adjustable bases under the FlextFit brand, and smart beds under the Climate 360 name. The company sells its products directly to consumers through retail, online, phone, chat, and other. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.

Contact Information

1001 Third Avenue South, Minneapolis, MN, 55404, United States

763-551-7000

www.sleepnumber.com

Market Cap

$56.45M

P/E (TTM)

-0.4

33.1

Dividend Yield

52W High

$13.94

52W Low

$1.06

52W Range

11%

Rank31Top 21.6%

5.0

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 5 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$347.39M+0.00%

4-Quarter Trend

EPS

-$2.56+0.00%

4-Quarter Trend

FCF

-$643.00K+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Turnaround Strategy Launched New CEO launched "Sleep Number Shifts" strategy focusing on product simplification, marketing modernization, and distribution optimization efforts.

Net Sales Decline Net sales fell 16% to $1.41B in 2025, impacted by ongoing industry demand pressure and lower store traffic across channels.

Operating Cost Reductions Achieved $136M operating cost reduction in 2025, excluding restructuring, despite 16% net sales decrease impacting margins.

Store Footprint Optimization Closed 46 stores in 2025, ending the period with 600 locations following strategic footprint optimization initiatives.

Risk Factors

Going Concern Substantial Doubt Substantial doubt exists regarding ability to continue as going concern; anticipates future financial covenant non-compliance.

Liquidity and Credit Facility Borrowings under revolving credit facility increased to $588.2M as cash flow from operations turned negative at $(3.3)M.

Consumer Spending Weakness Adverse economic factors reduced discretionary spending, causing 16% net sales decline and impacting average sales per store.

Elevated Interest Expense Variable rate debt exposes interest expense to risk; expense increased $1M to $49.4M in 2025 due to higher rates.

Outlook

Execute Turnaround Strategy Focus remains on product simplification, marketing modernization, and optimizing physical and digital distribution channels for growth.

Credit Agreement Amendment Extended Credit Agreement maturity to December 2027 via November 2025 amendment to secure financial flexibility and adjust covenants.

R&D Prioritization Re-prioritizing R&D resources in constrained environment, focusing on maintaining core technologies and driving product costs out.

Managing Inventory Transition Managing inventory obsolescence risk during product transition, reducing core lineup from twelve mattresses to seven new mattresses.

Peer Comparison

Revenue (TTM)

SNBR

$1.41B

-16.1%

FOSL

$1.00B

-12.3%

IRBT

$547.00M

-33.1%

Gross Margin (Latest Quarter)

PLBY

68.4%

+5.7pp

BARK

60.4%

-2.4pp

FOSL

57.4%

-0.4pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
FOSL	$262.89M	-3.1	-61.9%	40.9%
PLBY	$161.53M	-26.0	-79.6%	7.2%
BSET	$123.57M	23.1	3.2%	26.9%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-4.1%

Flat Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

50%

Cash Flow Needs Attention

Deep Research

Next earnings:May 12, 2026

EPS:-$0.34

Revenue:$320.72M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data