---
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"
generated_at: "2026-05-17T23:22:40.945472+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sleep Number Q2 net sales down 19.7% to $328M, net loss $25M; raises cost savings target to $130M

## Summary
- 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

## SEC filing metadata
- 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
- 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/827187/000082718725000096/0000827187-25-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827187/000082718725000096/snbr-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827187-25-000096
- JSON: https://secwatch.observer/filing/0000827187-25-000096.json
- Plain text: https://secwatch.observer/filing/0000827187-25-000096.txt

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