{"schema_version":"secwatch.filing_event.v1","accession":"0000827187-24-000026","form_type":"8-K","ticker":"SNBR","cik":"0000827187","company_name":"Sleep Number Corp","filed_at":"2024-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.094105+00:00","generated_at":"2026-06-03T10:36:52.216702+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Sleep Number Q1 net sales down 11% to $470M; adjusted EBITDA $37M slightly ahead of outlook","bullets":["Net sales $470M, down 11% YoY including ~4 ppt pressure from order backlog changes.","Adjusted EBITDA $37M vs $49M prior year; operating expenses cut $24M (before restructuring).","Free cash flow improved to $24M from $3M; leverage ratio 4.2x vs covenant maximum 5.0x.","Reaffirmed FY 2024 adjusted EBITDA guidance $125M-$145M; expects mid-single digit net sales decline."],"urls":{"canonical":"https://secwatch.observer/filing/0000827187-24-000026","json":"https://secwatch.observer/filing/0000827187-24-000026.json","markdown":"https://secwatch.observer/filing/0000827187-24-000026.md","text":"https://secwatch.observer/filing/0000827187-24-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827187/000082718724000026/0000827187-24-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827187/000082718724000026/snbr-20240424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T10:36:52.216702+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":"8fb18bc54d0394ad22ee45fc2b6076bbad90c4c4","claim":"Sleep Number Corp reported the quarter ended March 30, 2024 results: revenue $470 million. Guidance reaffirmed.","evidence_excerpt":"attached as Exhibit 99.1 to this Current Report on Form 8-K. --- EX-99.1 (EX-99.1) --- FOR IMMEDIATE RELEASE SLEEP NUMBER ANNOUNCES FIRST QUARTER 2024 RESULTS • Net sales of $470 million; adjusted EBITDA of $37 million slightly ahead of expectations • Reduced operating expenses by $24 million year-over-year (before restructuring costs) and remain on track to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827187/000082718724000026/0000827187-24-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 30, 2024"},{"label":"Revenue","value":"$470 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}