earnings
confidence high
sentiment negative
materiality 0.80
Sleep Number Q1 revenue falls 16% to $393M, net loss widens to $8.6M, launches restructuring
Sleep Number Corp
2025-Q1 EPS reported
-$0.38
revenue$393,261,000
- Net sales $393M, down 16% YoY; gross margin up 250bps to 61.2%.
- Net loss $8.6M ($0.38 per diluted share) vs $7.5M loss prior year.
- Adjusted EBITDA $22M, down 41%; margin 5.6%, down 230bps.
- Corporate management roles cut 21%; expects $80-100M annualized cost savings before restructuring.
- No 2025 guidance provided due to leadership transition and macro uncertainty.