Sleep Number (SNBR) shares soared 19.1% in the last trading session to close at $10.28. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 28.6% loss over the past four weeks. The stock might have got a boost on the expectation of potential interest rate cut in September, per the CME FedWatch tool. This seller of beds, mattresses and bedding products is expected to post quarterly loss of $0.44 per share in its upcoming report, which ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tri ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by th ...

财务数据和关键指标变化 - 第一季度净销售额为4.7亿美元,同比下降11% [13] - 交付单位同比下降9%,平均销售单价(ARU)同比下降1% [29] - 毛利率为58.7%,超出预期并较去年下半年有明显改善 [30] - 调整后EBITDA为3700万美元,略高于预期 [33] - 第一季度自由现金流为2400万美元,同比增加2100万美元 [34] 各条业务线数据和关键指标变化 - 公司未具体披露各业务线的数据和指标变化 各个市场数据和关键指标变化 - 公司未具体披露各市场的数据和指标变化 公司战略和发展方向及行业竞争 - 公司正在执行三大战略举措:有效竞争、恢复利润率、增加自由现金流 [9] - 公司推出新款c1智能床,定价999美元,以提升性价比吸引价格敏感型消费者 [18][50] - 公司将对c2智能床价格上调200美元,以提升产品组合的利润率 [50] - 公司预计2024年运营成本将比2022年降低1.25亿至1.3亿美元 [19][22] - 公司目标恢复到60%左右的历史平均毛利率水平,并将调整后EBITDA率提升至中个位数 [20] 管理层对经营环境和未来前景的评论 - 行业正处于历史性衰退,消费者购买力受到高利率和信用卡债务的限制 [11] - 第一季度需求呈现波动,2月强于1月和3月,整体中单位数下降 [12][48] - 公司预计2024年全年净销售额中单位数下降,但下半年将有所改善 [39] - 公司预计2024年第二季度净销售额将同比下降高单位数,调整后EBITDA为2000万至2500万美元 [41] 其他重要信息 - 公司正在通过优化媒体策略、调整营销信息、提升转化率等措施提高销售效率 [14][15][17] - 公司2024年预计将产生6000万至8000万美元的自由现金流,用于偿还债务 [34] - 公司第一季度末债务/EBITDAR比率为4.2倍,预计将在第二季度达到峰值后下降至3.75倍以下 [40] 问答环节重要的提问和回答 问题1 **Peter Keith 提问** 询问第一季度需求趋势以及第二季度的预期 [47] **Shelly Ibach 回答** 第一季度需求呈现波动,2月下降低单位数,3月和4月迄今下降中单位数,预计第二季度整体将下降低至中单位数 [48] 问题2 **Bobby Griffin 提问** 询问公司调整促销策略的具体情况及其对销售的影响 [55] **Shelly Ibach 回答** 公司在媒体投放、促销策略和定价等方面进行了优化调整,通过提高效率来提升毛利率,第一季度取得了良好成果 [56][57] 问题3 **Seth Basham 提问** 询问平均销售单价(ARU)下降的原因及未来走势 [62][64] **Shelly Ibach 和 Francis Lee 回答** 第一季度ARU下降主要是由于产品组合变化,全年预计ARU将保持基本持平 [63][65]

销售额相关 - 第一季度净销售额为4.7亿美元同比下降11%[2] - 预计全年净销售额将出现中个位数下降[2] 利润相关 - 调整后的息税折旧摊销前利润为3700万美元略高于预期[1] - 2024年第一季度调整后息税折旧摊销前利润为3740.4万美元 2023年为4857.5万美元[16] - 重申2024年全年调整后息税折旧摊销前利润预期为1.25亿至1.45亿美元[1] 运营费用与现金流相关 - 运营费用同比减少2400万美元[1] - 自由现金流较去年第一季度增加2100万美元[1] - 第一季度的自由现金流为2400万美元去年同期为300万美元[2] - 2024年第一季度自由现金流为2443.7万美元 2023年为302.5万美元[16] - 预计全年将产生6000万至8000万美元的自由现金流资本支出为3000万美元[2] - 第一季度运营活动提供的净现金为3400万美元去年同期为1900万美元[2] 零售渠道相关 - 2024年第一季度零售门店销售额占比88.2% 2023年为87.1%[14] - 2024年第一季度在线、电话和聊天等销售额占比11.8% 2023年为12.9%[14] - 2024年第一季度零售同店销售额下降10% 2023年增长1%[14] - 2024年第一季度末门店数量为661家 2023年末为671家[14] - 2024年第一季度平均每家店销售额为278.6万美元 2023年为323.9万美元[14] 财务比率相关 - 2024年第一季度末净杠杆率为4.2比1.0 2023年为3.2比1.0[18] - 2024年调整后投资资本回报率为4.5% 2023年为20.4%[21] 毛利率相关 - 预计全年毛利率将提高约100个基点[2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 000-25121 SLEEP NUMBER CORPORATION (Exact name of registrant as specified in its charter) Minnesota 41-1597886 (State or ...

Sleep Number Corporation (NASDAQ:SNBR) Q4 2023 Earnings Conference Call February 22, 2024 5:00 PM ET Company Participants Dave Schwantes - VP, Finance and IR Shelly Ibach - Chair, President and CEO Francis Lee - CFO Conference Call Participants Bobby Griffin - Raymond James Brad Thomas - KeyBanc Capital Markets Operator Welcome to Sleep Number’s Q4 and Full Year 2023 Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session. Today’s call is being record ...

Exhibit 99.1 FOR IMMEDIATE RELEASE SLEEP NUMBER ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS • Fourth quarter net sales declined 14% versus the prior year with demand down low-single digits • Full year diluted loss per share of $0.68; full year “as adjusted” loss per share of $0.14, excluding $16 million of restructuring costs recorded in the fourth quarter • Reduced operating expenses by $85 million in 2023; expect a further expense reduction of $40 million to $45 million in 2024 for a two-year tota ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-25121 _______________________________________________________________________ SLEEP NUMBER CORPORATION (Exact name of registrant as specified in its charter) ...

Sleep Number Corporation (NASDAQ:SNBR) Q3 2023 Results Conference Call November 7, 2023 5:00 PM ET Company Participants Dave Schwantes - VP, Finance and IR Shelly Ibach - Chair, President and CEO Francis Lee - CFO Conference Call Participants Bobby Griffin - Raymond James Peter Keith - Piper Sandler Brad Thomas - KeyBanc Capital Markets Atul Maheswari - UBS Operator Thank you. Welcome to Sleep Number’s Q3 2023 Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and- ...