{"schema_version":"secwatch.filing_event.v1","accession":"0000827187-24-000085","form_type":"8-K","ticker":"SNBR","cik":"0000827187","company_name":"Sleep Number Corp","filed_at":"2024-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.116878+00:00","generated_at":"2026-05-30T08:43:47.538430+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Sleep Number Q3 sales down 10% to $427M; CEO Ibach to retire","bullets":["Net sales of $427M, down 10% YoY; gross margin 60.8% (+340 bps YoY).","Adjusted EBITDA $28M, up 11% YoY; FY2024 adj EBITDA outlook $115-125M.","Operating expenses reduced $17M in Q3 and $60M YTD (before restructuring).","Free cash flow $34M YTD, up $50M vs prior year; leverage ratio 4.2x EBITDAR.","CEO Shelly Ibach to retire no later than 2025 Annual Meeting; Board declassification and size reduction."],"urls":{"canonical":"https://secwatch.observer/filing/0000827187-24-000085","json":"https://secwatch.observer/filing/0000827187-24-000085.json","markdown":"https://secwatch.observer/filing/0000827187-24-000085.md","text":"https://secwatch.observer/filing/0000827187-24-000085.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827187/000082718724000085/0000827187-24-000085-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827187/000082718724000085/snbr-20241030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T08:43:47.538430+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"}