secwatch.observer — SEC 8-K summary
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Issuer:     Sleep Number Corp (SNBR)
CIK:        0000827187
Form:       8-K
Filed at:   2026-05-12T11:02:11+00:00
Accession:  0000827187-26-000039
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827187/000082718726000039/0000827187-26-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827187/000082718726000039/snbr-20260512.htm
  HTML page:      https://secwatch.observer/filing/0000827187-26-000039

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