{"schema_version":"secwatch.filing_event.v1","accession":"0000827187-25-000096","form_type":"8-K","ticker":"SNBR","cik":"0000827187","company_name":"Sleep Number Corp","filed_at":"2025-07-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.461216+00:00","generated_at":"2026-05-17T23:22:40.945472+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 Q2 net sales down 19.7% to $328M, net loss $25M; raises cost savings target to $130M","bullets":["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"],"urls":{"canonical":"https://secwatch.observer/filing/0000827187-25-000096","json":"https://secwatch.observer/filing/0000827187-25-000096.json","markdown":"https://secwatch.observer/filing/0000827187-25-000096.md","text":"https://secwatch.observer/filing/0000827187-25-000096.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000096/0000827187-25-000096-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000096/snbr-20250730.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T23:22:40.945472+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"}