{"schema_version":"secwatch.filing_event.v1","accession":"0000827187-25-000051","form_type":"8-K","ticker":"SNBR","cik":"0000827187","company_name":"Sleep Number Corp","filed_at":"2025-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.414207+00:00","generated_at":"2026-05-23T03:07:08.668006+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sleep Number Q1 revenue falls 16% to $393M, net loss widens to $8.6M, launches restructuring","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000827187-25-000051","json":"https://secwatch.observer/filing/0000827187-25-000051.json","markdown":"https://secwatch.observer/filing/0000827187-25-000051.md","text":"https://secwatch.observer/filing/0000827187-25-000051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000051/0000827187-25-000051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000051/snbr-20250430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T03:07:08.668006+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"}