Sleep Number Q1 net sales $319M (-19% YoY); net loss widens to $50M

Sleep Number Corp

2026-Q1 EPS reported -$2.19 vs consensus -$0.40 ▼ miss (-454.0%)

Net loss of $50.3M vs $9.3M loss in prior year; adjusted EBITDA $6.0M, down 74%.
Gross margin fell to 57.9% from 61.2% on mix shift to new ComfortMode bed and inventory discounting.
Operating expenses down 18% YoY to $195M (ex-restructuring); $22M in restructuring costs incurred.
Secured $55M incremental liquidity via amended lender agreement; evaluating strategic/financing options.
No financial guidance provided due to ongoing strategic review with Guggenheim Securities.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sleep Number Corp reported the quarter ended April 4, 2026 results: revenue $319 million, net income Net loss was $50 million.

Period: the quarter ended April 4, 2026
Revenue: $319 million
Net income: Net loss was $50 million
Result: reported results

Exact text from the filing

Sleep Number Announces First Quarter 2026 Results Reports First Quarter 2026 Net Sales of $319 million

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Source: SEC EDGAR

accession 0000827187-26-000039

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