{"schema_version":"secwatch.filing_event.v1","accession":"0000827187-26-000039","form_type":"8-K","ticker":"SNBR","cik":"0000827187","company_name":"Sleep Number Corp","filed_at":"2026-05-12T11:02:11+00:00","discovered_at":"2026-05-12T11:05:00.252128+00:00","generated_at":"2026-05-12T11:06:26.183574+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Sleep Number Q1 net sales $319M (-19% YoY); net loss widens to $50M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000827187-26-000039","json":"https://secwatch.observer/filing/0000827187-26-000039.json","markdown":"https://secwatch.observer/filing/0000827187-26-000039.md","text":"https://secwatch.observer/filing/0000827187-26-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827187/000082718726000039/0000827187-26-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827187/000082718726000039/snbr-20260512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-12T11:06:26.183574+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":[{"claim_id":"af177d77b851d8e4d2544115c5e9661953f85467","claim":"Sleep Number Corp reported the quarter ended April 4, 2026 results: revenue $319 million, net income Net loss was $50 million.","evidence_excerpt":"Sleep Number Announces First Quarter 2026 Results Reports First Quarter 2026 Net Sales of $319 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827187/000082718726000039/0000827187-26-000039-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended April 4, 2026"},{"label":"Revenue","value":"$319 million"},{"label":"Net income","value":"Net loss was $50 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}