secwatch.observer — SEC 8-K summary
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Issuer:     Sleep Number Corp (SNBR)
CIK:        0000827187
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0000827187-23-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sleep Number Q4 net loss $0.24/diluted share; FY22 EPS $1.60 vs $6.16 prior year
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- Q4 net sales $498M (+1% YoY); gross margin 54.7% vs 56.9% prior year.
- Full-year net sales $2.11B (-3% YoY); diluted EPS $1.60 vs $6.16.
- FY22 operating cash flow $36M; leverage ratio 4.4x EBITDAR vs 5.0x covenant.
- 2023 EPS outlook $1.25-$2.00; net sales flat to down mid-single digits.
- Expects gross margin improvement >150 bps; no share repurchases planned.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827187/000082718723000014/0000827187-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827187/000082718723000014/snbr-20230222.htm
  HTML page:      https://secwatch.observer/filing/0000827187-23-000014

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