earnings
confidence high
sentiment negative
materiality 0.80
Sleep Number Q2 net sales down 19.7% to $328M, net loss $25M; raises cost savings target to $130M
Sleep Number Corp
2025-Q2 EPS
reported -$1.48
vs consensus -$0.11
▼ miss
(-1249.1%)
- Net sales $328M, down 19.7% YoY; net loss $25M ($1.09/sh) vs loss $5M last year
- Adjusted EBITDA $24M, down 17%; adjusted EBITDA margin improved 30 bps to 7.2%
- Raising annual cost savings target to $130M (from $80-100M); maintains covenant compliance at 4.56x vs 4.75x max
- FY2025 net sales guidance ~$1.45B, down ~14% YoY; expects break-even FCF in H2
- CEO cites turnaround, aggressive cost cuts, new marketing strategy; expects sequential topline improvement