secwatch.observer — SEC 8-K summary
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Issuer:     Sleep Number Corp (SNBR)
CIK:        0000827187
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0000827187-26-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sleep Number FY2025 net sales $1.4B, net loss $132M; guides double-digit EBITDA growth in 2026
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- Q4 net sales $347M (-8% YoY); net loss $59M vs $5M loss last year, including $47.9M deferred tax adjustment.
- Full-year net loss $132M vs $20M loss; adjusted EBITDA $78M (-35%) with margin 5.5%.
- Achieved $185M annualized cost savings; plans additional $50M fixed-cost savings in 2026.
- New ComfortMode bed launched Jan 2026, outselling plan by 3.5x; rest of new line available March 23.
- Engaged Guggenheim Securities to evaluate capital structure options and improve liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827187/000082718726000012/0000827187-26-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827187/000082718726000012/snbr-20260312.htm
  HTML page:      https://secwatch.observer/filing/0000827187-26-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer