{"schema_version":"secwatch.filing_event.v1","accession":"0000827187-25-000116","form_type":"8-K","ticker":"SNBR","cik":"0000827187","company_name":"Sleep Number Corp","filed_at":"2025-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.282670+00:00","generated_at":"2026-05-17T00:28:43.445342+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Sleep Number Q3 net loss $40M, sales -19.6%; cuts FY2025 outlook, amends bank deal to 2027","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000827187-25-000116","json":"https://secwatch.observer/filing/0000827187-25-000116.json","markdown":"https://secwatch.observer/filing/0000827187-25-000116.md","text":"https://secwatch.observer/filing/0000827187-25-000116.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000116/0000827187-25-000116-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000116/snbr-20251105.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:28:43.445342+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"}