secwatch.observer — SEC 8-K summary
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Issuer:     Sleep Number Corp (SNBR)
CIK:        0000827187
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000827187-25-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827187/000082718725000051/0000827187-25-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827187/000082718725000051/snbr-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000827187-25-000051

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