{"schema_version":"secwatch.filing_event.v1","accession":"0000827187-23-000075","form_type":"8-K","ticker":"SNBR","cik":"0000827187","company_name":"Sleep Number Corp","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.744725+00:00","generated_at":"2026-06-13T01:35:01.010331+00:00","sec_items":["1.01","2.02","2.03","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sleep Number Q2 EPS $0.03 vs $1.54; sales down 16%; appoints Francis Lee CFO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000827187-23-000075","json":"https://secwatch.observer/filing/0000827187-23-000075.json","markdown":"https://secwatch.observer/filing/0000827187-23-000075.md","text":"https://secwatch.observer/filing/0000827187-23-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827187/000082718723000075/0000827187-23-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827187/000082718723000075/snbr-20230724.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T01:35:01.010331+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"44ba355adecc4e3a153fb2096ed81d25dfeb5fd6","claim":"Sleep Number Corp reported second quarter ended July 1, 2023 results: revenue $459 million, EPS $0.03 per diluted share.","evidence_excerpt":"Second quarter net sales were $459 million; demand down mid-single digits versus the prior year • Reports second quarter diluted EPS of $0.03","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827187/000082718723000075/0000827187-23-000075-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended July 1, 2023"},{"label":"Revenue","value":"$459 million"},{"label":"EPS","value":"$0.03 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c90121ca8f78659a1acde6bc3fb5d00eaba2051e","claim":"Sleep Number Corp reported full-year 2023 results: EPS $1.25 to $1.75 per share.","evidence_excerpt":"The company updated its full-year 2023 diluted EPS outlook to a range of $1.25 to $1.75.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827187/000082718723000075/0000827187-23-000075-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full-year 2023"},{"label":"EPS","value":"$1.25 to $1.75 per share"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"31b16a36ddf42b394b2311c9f83620537a5d6807","claim":"Sleep Number Corp amended Ninth Amendment with U.S. Bank National Association (effective 2023-07-24).","evidence_excerpt":"entered into a Ninth Amendment (the “Ninth Amendment”) amending and supplementing the Amended and Restated Credit and Security Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827187/000082718723000075/0000827187-23-000075-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"U.S. Bank National Association"},{"label":"Effective","value":"2023-07-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}