earnings
confidence high
sentiment negative
materiality 0.85
Sleep Number Q3 net loss $40M, sales -19.6%; cuts FY2025 outlook, amends bank deal to 2027
Sleep Number Corp
2025-Q3 EPS
reported -$3.21
vs consensus $0.21
▼ miss
(-1653.7%)
- Q3 net sales $343M, down 19.6% YoY; net loss $40M ($1.73/share) vs loss $3M last year.
- Adjusted EBITDA fell 52% to $13M; leverage ratio 5.0x just under covenant max of 5.25x.
- Company amended and extended bank agreement through 2027 for financial flexibility.
- FY2025 outlook cut: net sales ~$1.4B, adjusted EBITDA ~$70M, negative FCF ~$50M.
- CEO says turnaround underway with restructuring charges of $41M in Q3.