Sleep Number Q2 EPS $0.03 vs $1.54; sales down 16%; appoints Francis Lee CFO

Sleep Number Corp

2023-Q2 EPS reported $0.54 revenue$985,316,000

Q2 net sales $459M (-16% YoY); diluted EPS $0.03 vs $1.54 prior year.
FY 2023 EPS outlook updated to $1.25-$1.75 per share; expects >$100M operating cash flow.
Appointed Francis Lee as EVP and Chief Financial Officer (effective immediately).
Ninth Amendment extends maximum net leverage ratio of 5.0x to include Q3 2023 period.

item 1.01 item 2.02 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sleep Number Corp reported second quarter ended July 1, 2023 results: revenue $459 million, EPS $0.03 per diluted share.

Period: second quarter ended July 1, 2023
Revenue: $459 million
EPS: $0.03 per diluted share
Result: reported results

Exact text from the filing

Second quarter net sales were $459 million; demand down mid-single digits versus the prior year • Reports second quarter diluted EPS of $0.03

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sleep Number Corp reported full-year 2023 results: EPS $1.25 to $1.75 per share.

Period: full-year 2023
EPS: $1.25 to $1.75 per share
Result: guidance update

Exact text from the filing

The company updated its full-year 2023 diluted EPS outlook to a range of $1.25 to $1.75.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sleep Number Corp amended Ninth Amendment with U.S. Bank National Association (effective 2023-07-24).

Action: amendment
Agreement: credit facility
Counterparty: U.S. Bank National Association
Effective: 2023-07-24

Exact text from the filing

entered into a Ninth Amendment (the “Ninth Amendment”) amending and supplementing the Amended and Restated Credit and Security Agreement

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Sleep Number Corp filing history →

Source: SEC EDGAR

accession 0000827187-23-000075

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