secwatch.observer — SEC 8-K summary
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Issuer:     Sleep Number Corp (SNBR)
CIK:        0000827187
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000827187-23-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sleep Number Q1 EPS $0.51 vs $0.09; reiterates FY2023 outlook $1.25-$2.00
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- Net sales $527M flat YoY; operating profit $26M up $22M.
- Diluted EPS $0.51 vs $0.09 last year; gross margin improved 160bps to 58.9%.
- Reiterates FY2023 EPS outlook $1.25-$2.00; expects net sales flat to down mid-single digits.
- Expects operating cash flow >$100M, capex $50-60M, no share repurchases planned in 2023.
- Leverage ratio 4.0x EBITDAR vs covenant 5.0x; adjusted ROIC 20.4%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827187/000082718723000036/0000827187-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827187/000082718723000036/snbr-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000827187-23-000036

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