{"schema_version":"secwatch.filing_event.v1","accession":"0000827187-24-000067","form_type":"8-K","ticker":"SNBR","cik":"0000827187","company_name":"Sleep Number Corp","filed_at":"2024-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.995361+00:00","generated_at":"2026-05-31T14:41:28.678428+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Sleep Number Q2 net sales fell 11% to $408M; adjusted EBITDA $28M, down from $35M last year","bullets":["Net sales $408M, down 11% YoY; order backlog changes pressured sales by ~6 percentage points.","Gross margin 59.1%, up 150 bps YoY on product cost cuts and logistics efficiency gains.","Adjusted EBITDA $28M vs $35M last year; operating expenses down $19M before restructuring charges.","Reiterates FY2024 adjusted EBITDA outlook $125M-$145M; expects mid-single-digit net sales decline.","Leverage ratio 4.4x EBITDAR (covenant max 5.5x); YTD free cash flow $9M, up $21M YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0000827187-24-000067","json":"https://secwatch.observer/filing/0000827187-24-000067.json","markdown":"https://secwatch.observer/filing/0000827187-24-000067.md","text":"https://secwatch.observer/filing/0000827187-24-000067.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827187/000082718724000067/0000827187-24-000067-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827187/000082718724000067/snbr-20240731.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T14:41:28.678428+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}