Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Sleep Number Corp reported the fiscal year ended January 3, 2026 results: revenue $1.4 billion, net income $132 million. Guidance initiated.
- Period
- the fiscal year ended January 3, 2026
- Revenue
- $1.4 billion
- Net income
- $132 million
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Net sales of $1.4 billion, down 16%, driven by driven by ongoing industry pressure and lower store traffic. • Gross profit of $833 million, a decrease of $170 million. Gross profit margin of 59.0% of net sales, down 60 bps, driven by the $9.6 million inventory write-down charge and partially offset by the benefit of product cost reductions through value engineering and ongoing supplier negotiations and ongoing efficiencies in our home delivery and logistics operations. • Operating expenses were $880 million. Adjusted operating expenses before restructuring and other non-recurring costs were $824 million, a decrease of $136 million, or 14%, driven by lower marketing and selling expenses, general and administrative expenses, and research and development expenses. • Restructuring and other non-recurring costs were $65 million, driven primarily by severance and employee-related benefits, contract termination costs due to store closures, asset impairment charges, and inventory obsolescence.
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Sleep Number Corp reported the fourth quarter ended January 3, 2026 results: revenue $347 million, net income $59 million.
- Period
- the fourth quarter ended January 3, 2026
- Revenue
- $347 million
- Net income
- $59 million
- Result
- reported results
Exact text from the filing
Net sales of $347 million, down 8%, driven by ongoing industry demand pressure and lower store traffic. • Gross profit of $193 million, a decrease of $32 million. Gross profit margin of 55.6% compared to 59.9% for the same period last year, primarily due to a $9.6 million inventory obsolescence charge associated with the introduction of the company's new product line. Excluding the charge, adjusted gross profit margin was 58.4%. • Operating expenses were $201 million. Adjusted operating expenses before restructuring and other non-recurring costs were $197 million, a decrease of $20 million, or 9%, driven by lower marketing and selling expenses, general and administrative expenses, and research and development expenses. • Restructuring and other non-recurring costs were $14 million, driven primarily by the $9.6 million inventory obsolescence charge and contract termination costs due to store closures. • Net loss of $59 million compared with a net loss of $5 million for the same period l
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