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Earnings transcript
Read the complete earnings call transcript.
SNBR
Sleep Number Corporation
$0.89
0.31
(52.67%)
| Exchange: | NASDAQ |
| Market Cap: | 20.571M |
| Shares Outstanding: | 5.233M |
Delayed data
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Furnishings, Fixtures & Appliances | |||||
| CEO: | Linda A. Findley | |||||
| Full Time Employees: | 3600 | |||||
| Address: |
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| Website: | https://www.sleepnumber.com |
Sleep Number Corporation, along with its subsidiaries, provides a range of sleep-related products and support services throughout the United States. The company oversees the entire lifecycle of its primary bedding offerings—including beds, pillows, and sheets—from their conception and production to their promotion, direct sales, and ongoing maintenance, all marketed under the Sleep Number brand. Additionally, they furnish adjustable bed bases, known as FlexFit, and advanced smart beds under the Sleep Number 360 designation. Their distribution strategy involves direct sales to consumers via diverse channels such as brick-and-mortar stores, online platforms, telephone orders, and live chat, as well as general e-commerce operations. By January 2, 2022, the corporation maintained roughly 648 retail establishments spanning all 50 states. This entity was formerly known as Select Comfort Corporation until its rebranding to Sleep Number Corporation in November 2017. Established in 1987, its corporate headquarters are located in Minneapolis, Minnesota.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,887,482 | 1,682,296 | 1,411,450 |
| Gross Profit | 1,088,530 | 1,002,773 | 832,951 |
| EBITDA | 95,342 | 89,223 | 9,016 |
| Operating Income | 22,942 | 22,872 | 4,105 |
| Net Income | -15,287 | -20,334 | -131,958 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 950,880 | 860,810 | 680,060 |
| Total Liabilities | 1,392,808 | 1,312,396 | 1,258,535 |
| Total Stockholders Equity | -441,928 | -451,586 | -578,475 |
| Total Debt | 972,654 | 936,108 | 942,502 |
| Cash and Cash Equivalents | 2,539 | 1,950 | 1,693 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | -9,028 | 27,143 | -3,283 |
| Capital Expenditure | -57,056 | -23,505 | -14,407 |
| Free Cash Flow | -66,084 | 3,638 | -17,690 |
| Net Income | -15,287 | -20,334 | -131,958 |
| Net Change in Cash | 747 | -589 | -257 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2031 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,515,846.954 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,580,290.902 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,545,100 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 87,961.182 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 91,700.720 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 89,658.671 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 33,727.808 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 35,602.860 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 34,579.001 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 797,446.433 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 831,348.666 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 812,835.676 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.510 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.550 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.470 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Revenue Stability with Product Focus: Sleep Number reported Q2 2025 net sales of $328 million, reflecting a focused product portfolio in the bedding industry. Despite a decline, the company maintains a significant market presence within the consumer discretionary sector, supported by consistent demand for sleep solutions.
- Operational Efficiency Initiatives: As highlighted in the Q2 2025 earnings call, the company is actively pursuing cost reduction strategies, supply chain efficiency, and product simplification. These efforts aim to improve margins and operational resilience, positioning SNBR favorably for profitability recovery.
- Strong Brand and Innovation: The company’s emphasis on sleep technology and personalized solutions, as per the company profile and earnings call summary, underpins its competitive edge in the industry. This focus on innovation aligns with consumer trends toward health and wellness.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates SNBR intrinsic value between $2.24 – $2.37 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about SNBR valuation
Is Sleep Number Corporation (SNBR) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Sleep Number Corporation (SNBR) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is SNBR a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether SNBR trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is SNBR’s P/E ratio?
You can see SNBR’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for SNBR?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is SNBR a good long-term investment?
Whether SNBR fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
SNBR
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
52.67
Trading Metrics:
| Open: | 0.61 | Previous Close: | 0.58 | |
| Day Low: | 0.58 | Day High: | 0.89 | |
| Year Low: | 0.3 | Year High: | 13.94 | |
| Price Avg 50: | 1.92 | Price Avg 200: | 6.05 | |
| Volume: | 11.874M | Average Volume: | 2.782M |
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Login — it's freeSNBR full analysis
Welcome to MARKETSNAP’s SWOT analysis for Sleep Number, a company many of you might not have on your radar just yet, but one that’s worth a deep dive for long-term investors. If you’re into building wealth through smart picks in the retail and consumer goods space, let’s unpack what Sleep Number, also known by its ticker SNBR, brings to the table. Today, we’ll cover a quick overview of who they are, touch on recent news and performance, and then get…
