---
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"
generated_at: "2026-05-23T03:07:08.668006+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sleep Number Q1 revenue falls 16% to $393M, net loss widens to $8.6M, launches restructuring

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827187-25-000051
- JSON: https://secwatch.observer/filing/0000827187-25-000051.json
- Plain text: https://secwatch.observer/filing/0000827187-25-000051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.