Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also offers adjustable bases under the FlextFit name; temperature-balancing products, including DualTemp layer; SleepIQ Kids k2 beds for kids; and smart beds under the Sleep Number 360 and 360 names. The company sells its products directly to consumers through retail, online, phone, and chat as well as through wholesale. As of January 2, 2021, it operated approximately 602 retail stores in 50 states. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.
IPO Year:
Exchange: NASDAQ
Website: sleepnumber.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/21/2022 | $62.00 → $49.00 | Overweight → Neutral | Piper Sandler |
| 3/28/2022 | $80.00 → $54.00 | Outperform → Neutral | Wedbush |
| 2/24/2022 | $80.00 → $65.00 | Neutral | UBS |
| 2/4/2022 | $85.00 → $88.00 | Neutral → Outperform | Wedbush |
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4 - Sleep Number Corp (0000827187) (Issuer)
4 - Sleep Number Corp (0000827187) (Issuer)
4 - Sleep Number Corp (0000827187) (Issuer)
4 - Sleep Number Corp (0000827187) (Issuer)
4 - Sleep Number Corp (0000827187) (Issuer)
4 - Sleep Number Corp (0000827187) (Issuer)
4 - Sleep Number Corp (0000827187) (Issuer)
4 - Sleep Number Corp (0000827187) (Issuer)
4 - Sleep Number Corp (0000827187) (Issuer)
4 - Sleep Number Corp (0000827187) (Issuer)
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Sleep Country Canada to Acquire Substantially All Assets and Ongoing Business Operations Following a Competitive Auction Transaction Expected to Close by July 31, 2026 Sleep Number is Continuing to Serve All Customers Online and In-Store Sleep Number Corporation (NASDAQ:SNBR) today announced that it received Court approval for the sale of substantially all of the Company’s assets and ongoing business operations to SNBR Inc., a wholly owned subsidiary of Sleep Country Canada Inc., after making significant improvements to its prior proposal. The sale, which remains subject to customary closing conditions, is expected to close by July 31. Sleep Number’s day-to-day operations are contin
Initiates Court-Supervised Sale Process to Facilitate Transaction Receives New Financing to Support Ongoing Operations During Court-Supervised Sale Process Sleep Number is Continuing to Serve New and Existing Customers Sleep Number Corporation (NASDAQ:SNBR) today announced that it has entered into an agreement to combine with Sleep Country Canada to create a leading North American mattress and bedding company. The transaction will enable the combined company to provide consumers across the United States and Canada a broader assortment of innovative sleep products and services in stores and online. To facilitate the combination, Sleep Number initiated a voluntary Chapter 11 sale proces
Reports First Quarter 2026 Net Sales of $319 million Advances Turnaround Through Product and Brand Reset to Drive Sustainable Growth Continues Focus on Long-term Capital Structure Solutions, Including Strategic and Financing Options Sleep Number Corporation (NASDAQ:SNBR) today reported results for the quarter ended April 4, 2026. Linda Findley, President and CEO, commented, "Q1 came in as expected given the soft start to the year, but year-over-year demand improved steadily throughout the quarter, ending with growth in March over last year. We are confident in the early positive metrics we are seeing from our new product launch and marketing campaigns, and the customer feedback on o
The New Creative Reinforces the Power of Personalized Comfort, Building on the Company's Strong Marketing Momentum Sleep Number Corporation (NASDAQ:SNBR) launched its newest marketing campaign, "To a Good Life's Sleep," marking the company's first major integrated campaign in several years and the next phase in its brand evolution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260427543010/en/Created in partnership with Fallon, Sleep Number introduces its new "To a Good Life's Sleep" campaign, a fully integrated brand effort that highlights the power of personalized, adjustable comfort, designed to adapt to each sleeper and e
Agreement with Existing Lenders Provides Additional $55 Million of Liquidity, Including a $25 Million Term Loan, and Relief on Certain Financial and Liquidity Covenants Company Remains Focused on New Product Rollout, New Marketing Campaign and Cost Management, while Evaluating Strategic Business Opportunities with its Advisors Performance Remains on Track with Company's 2026 First Quarter Expectations; Company to Announce First Quarter Results on May 12, 2026 Sleep Number (NASDAQ:SNBR) announced today that it has reached an agreement with its lenders that provides additional $55 million of liquidity, including a $25 million term loan, and relief on certain financial and liquidity cove
Continued Strong Sales Momentum for ComfortMode™ Signals Consumer Appetite for Enhanced Comfort, Adjustability, Temperature Benefits and Value Launches Simplified Web Experience that Makes Shopping Easier for Customers Sleep Number Corporation (NASDAQ:SNBR) today announced that its redesigned mattress portfolio is now available for purchase nationwide in Sleep Number® stores and at SleepNumber.com. The launch follows strong early demand for ComfortMode™, the first bed introduced as part of the company's largest product reset in almost a decade. Sleep Number also introduced an improved, simplified web experience designed to help customers more easily explore the portfolio and find the ri
Sleep Number Corporation (NASDAQ:SNBR) today announced that it granted equity awards on March 16, 2026, as a material inducement to the employment of the company's Executive Vice President and Chief Financial Officer, Amy O'Keefe. As previously disclosed, in connection with the appointment of O'Keefe as Executive Vice President and Chief Financial Officer effective December 8, 2025, Sleep Number agreed to grant O'Keefe employment inducement awards on or around March 15, 2026. The equity awards granted on March 16, 2026 pursuant to that agreement consist of: (i) 66,965 shares of common stock underlying a time-vested restricted stock unit award, vesting in three equal installments on each a
Simplified Lineup Delivers Enhanced Comfort, Adjustability, Temperature Benefits and Value Across Three Collections: ComfortMode™, ComfortNext™ and Climate™ Sleep Number Corporation (NASDAQ:SNBR) today announced its largest product reset in almost a decade with the introduction of new, innovative beds designed to deliver a luxury experience at a more approachable price point. Available on March 23 online and in Sleep Number® stores, the five new beds offer superior comfort, personalized adjustability, temperature benefits and value. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260311848805/en/Sleep Number announced a redesig
Reports FY2025 Net Sales of $1.4 Billion, Exceeding Adjusted EBITDA Guidance Realized $185 Million of Annualized Cost Savings Launches New Products as the Next Phase of Turnaround Strategy to Return to Profitable Growth Sleep Number Corporation (NASDAQ:SNBR) today reported results for fourth quarter and the year ended January 3, 2026. Linda Findley, President and CEO, commented, "Sleep Number exceeded 2025 guidance provided on our last earnings call. We are still in full turnaround mode and made significant progress against our new product and marketing strategies while continuing to reduce costs. For the full year 2025, pro-forma adjusted EBITDA margin was approximately 9% and anti
Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal fourth quarter and full year results through January 3, 2026, before market open on Thursday, March 12, 2026. Management will host its regularly scheduled conference call to discuss the company's results at 8:30 a.m. EDT (7:30 a.m. CDT; 5:30 a.m. PDT). To access the webcast, please visit the investor relations area of the Sleep Number website at ir.sleepnumber.com. The webcast replay will remain available for approximately 60 days. About Sleep Number Corporation Sleep Number® is the leader in personalized sleep wellness. Its mattresses are designed to evolve with each sleeper to help them feel and perform their best. With
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Piper Sandler downgraded Sleep Number from Overweight to Neutral and set a new price target of $49.00 from $62.00 previously
Wedbush downgraded Sleep Number from Outperform to Neutral and set a new price target of $54.00 from $80.00 previously
UBS reiterated coverage of Sleep Number with a rating of Neutral and set a new price target of $65.00 from $80.00 previously
Wedbush upgraded Sleep Number from Neutral to Outperform and set a new price target of $88.00 from $85.00 previously
Piper Sandler reiterated coverage of Sleep Number with a rating of Overweight and set a new price target of $165.00 from $108.00 previously
Piper Sandler reiterated coverage of Sleep Number with a rating of and set a new price target of $165.00 from $108.00 previously
Piper Sandler reiterated coverage of Sleep Number with a rating of Overweight and set a new price target of $165.00 from $108.00 previously
Wedbush reiterated coverage of Sleep Number with a rating of Neutral and set a new price target of $130.00 from $120.00 previously
UBS upgraded Sleep Number from Sell to Neutral and set a new price target of $135.00 from $65.00 previously
Wedbush reiterated coverage of Sleep Number with a rating of Neutral and set a new price target of $129.00 from $52.00 previously
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4 - Sleep Number Corp (0000827187) (Issuer)
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Live finance-specific insights
Reports First Quarter 2026 Net Sales of $319 million Advances Turnaround Through Product and Brand Reset to Drive Sustainable Growth Continues Focus on Long-term Capital Structure Solutions, Including Strategic and Financing Options Sleep Number Corporation (NASDAQ:SNBR) today reported results for the quarter ended April 4, 2026. Linda Findley, President and CEO, commented, "Q1 came in as expected given the soft start to the year, but year-over-year demand improved steadily throughout the quarter, ending with growth in March over last year. We are confident in the early positive metrics we are seeing from our new product launch and marketing campaigns, and the customer feedback on o
Agreement with Existing Lenders Provides Additional $55 Million of Liquidity, Including a $25 Million Term Loan, and Relief on Certain Financial and Liquidity Covenants Company Remains Focused on New Product Rollout, New Marketing Campaign and Cost Management, while Evaluating Strategic Business Opportunities with its Advisors Performance Remains on Track with Company's 2026 First Quarter Expectations; Company to Announce First Quarter Results on May 12, 2026 Sleep Number (NASDAQ:SNBR) announced today that it has reached an agreement with its lenders that provides additional $55 million of liquidity, including a $25 million term loan, and relief on certain financial and liquidity cove
Reports FY2025 Net Sales of $1.4 Billion, Exceeding Adjusted EBITDA Guidance Realized $185 Million of Annualized Cost Savings Launches New Products as the Next Phase of Turnaround Strategy to Return to Profitable Growth Sleep Number Corporation (NASDAQ:SNBR) today reported results for fourth quarter and the year ended January 3, 2026. Linda Findley, President and CEO, commented, "Sleep Number exceeded 2025 guidance provided on our last earnings call. We are still in full turnaround mode and made significant progress against our new product and marketing strategies while continuing to reduce costs. For the full year 2025, pro-forma adjusted EBITDA margin was approximately 9% and anti
Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal fourth quarter and full year results through January 3, 2026, before market open on Thursday, March 12, 2026. Management will host its regularly scheduled conference call to discuss the company's results at 8:30 a.m. EDT (7:30 a.m. CDT; 5:30 a.m. PDT). To access the webcast, please visit the investor relations area of the Sleep Number website at ir.sleepnumber.com. The webcast replay will remain available for approximately 60 days. About Sleep Number Corporation Sleep Number® is the leader in personalized sleep wellness. Its mattresses are designed to evolve with each sleeper to help them feel and perform their best. With
Company Secured an Amendment and Extension of Bank Agreement Through 2027 Sleep Number Executing a Company-wide Turnaround to Reposition Brand, Expand Reach, and Reignite Growth Reported net sales of $343 million, down 19.6% compared with the third quarter of 2024 Delivered gross profit margin of 59.9%, compared to 60.8% for the same period last year Reduced third quarter operating expenses by $44.8 million, or 18%, year-over-year, before restructuring and other non-recurring costs. Reported net loss of $40 million, compared to a net loss of $3 million for the same period last year Delivered adjusted EBITDA of $13 million, down $14 million versus the same period last year Amend
Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal third quarter results through September 27, 2025, before market open on Wednesday, November 5, 2025. Management will host its regularly scheduled conference call to discuss the company's results at 8:30 a.m. ET (7:30 a.m. CT; 5:30 a.m. PT). To access the webcast, please visit the investor relations area of the Sleep Number website at ir.sleepnumber.com. The webcast replay will remain available for approximately 60 days. About Sleep Number Corporation Sleep Number is a sleep wellness company. We are guided by our purpose to improve the health and wellbeing of society through higher quality sleep; to date, our innovations have
Cost Savings to Exceed Initial Targets While Maintaining Compliance with Debt Covenants Company Implementing Significant Changes to Business with Enhanced Marketing, Product Initiatives Reported net sales of $328 million, down 19.7% compared with the second quarter of 2024 Delivered gross profit margin of 59.1%, flat versus the prior year Reduced second quarter operating expenses by $48 million, or 21%, year-over-year, before restructuring and other non-recurring costs Reported net loss of $25 million, inclusive of a $13 million adjustment to valuation of deferred tax assets, compared to a net loss of $5 million for the same period last year Delivered adjusted EBITDA of $24
Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal second quarter results through June 28, 2025, before market open on Wednesday, July 30, 2025. Management will host its regularly scheduled conference call to discuss the company's results at 8:30 a.m. EDT (7:30 a.m. CDT; 5:30 a.m. PDT). To access the webcast, please visit the investor relations area of the Sleep Number website at https://ir.sleepnumber.com. The webcast replay will remain available for approximately 60 days. About Sleep Number Corporation Sleep Number is a sleep wellness company. We are guided by our purpose to improve the health and wellbeing of society through higher quality sleep. To date, our innovations
Management Implements New Organizational Structure, Driving Company-Wide Efficiency, Including Marketing, Research and Development and General and Administrative Costs New Structure Aims to Improve Cash Generation and Shareholder Value Net sales in the first quarter of $393 million, down 16% compared with the first quarter of 2024 Gross profit margin of 61.2%, up 250 basis points versus the prior year Reduced first quarter operating expenses by $23 million year-over-year, before restructuring and other non-recurring costs Reported first quarter net loss of $8.6 million, compared with a net loss of $7.5 million for the same period last year Delivered first quarter adjusted EBITDA
Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal first quarter results through March 29, 2025, after market close on Wednesday, April 30, 2025. Management will host its regularly scheduled conference call to discuss the company's results at 5 p.m. EDT (4 p.m. CDT; 2 p.m. PDT). To access the webcast, please visit the investor relations area of the Sleep Number website at https://ir.sleepnumber.com. The webcast replay will remain available for approximately 60 days. About Sleep Number Corporation Sleep Number is a sleep wellness company. We are guided by our purpose to improve the health and wellbeing of society through higher quality sleep; to date, our innovations have impro
Live Leadership Updates
Sleep Number Corporation (NASDAQ:SNBR) today announced that it granted equity awards on March 16, 2026, as a material inducement to the employment of the company's Executive Vice President and Chief Financial Officer, Amy O'Keefe. As previously disclosed, in connection with the appointment of O'Keefe as Executive Vice President and Chief Financial Officer effective December 8, 2025, Sleep Number agreed to grant O'Keefe employment inducement awards on or around March 15, 2026. The equity awards granted on March 16, 2026 pursuant to that agreement consist of: (i) 66,965 shares of common stock underlying a time-vested restricted stock unit award, vesting in three equal installments on each a
Sleep Number Corporation (NASDAQ:SNBR) today announced that it granted an equity award on December 15, 2025, as a material inducement to the employment of the company's newly-hired Executive Vice President and Chief Financial Officer, Amy O'Keefe. As previously disclosed, in connection with the appointment of O'Keefe as Executive Vice President and Chief Financial Officer effective December 8, 2025, Sleep Number granted O'Keefe an employment inducement award consisting of 69,742 shares in a time-vested restricted stock unit award that vests in three equal installments on each anniversary from the date of grant. The grants are subject to continued employment and the terms of the award agree
O'Keefe Brings Proven Expertise in Driving Profitability and Cash Flow in Public and Private Companies Company Reaffirms Full Year 2025 Financial Guidance Sleep Number Corporation (NASDAQ:SNBR) today announces Amy O'Keefe as its next Chief Financial Officer (CFO), effective December 8, 2025. Interim CFO Bob Ryder will remain with the company to ensure a smooth transition through December 12, 2025. "Since joining Sleep Number, we've taken decisive action to stabilize the business and position it for sustainable growth. Our strategy is clear and centered on our strong brand, differentiated products, and simplified operating model to deliver value for shareholders, customers, and team membe
Sleep Number Corporation (NASDAQ:SNBR) today announced that it granted equity awards on May 15, 2025, as a material inducement to the employment of the company's newly-hired Executive Vice President and Chief Marketing Officer, Amber Minson. In connection with the appointment of Minson as Executive Vice President and Chief Marketing Officer effective May 5, 2025, Sleep Number granted Minson employment inducement awards consisting of: (i) 21,724 shares in a performance stock unit award vesting on the third anniversary of the date of grant with the number of shares to be earned based on actual company performance for fiscal years 2025 to 2027 and the company's relative total shareholder retu
Sleep Number Corporation (NASDAQ:SNBR) today announced that it granted equity awards on April 15, 2025, as a material inducement to the employment of the company's newly-hired President and Chief Executive Officer, Linda A. Findley. As previously disclosed, in connection with the appointment of Findley as President and Chief Executive Officer effective April 7, 2025, Sleep Number granted Findley employment inducement awards consisting of: (i) 362,057 shares in a time-vested restricted stock unit award with a stock performance modifier that vests in three equal installments on each anniversary from the date of grant; (ii) 181,028 shares in a performance stock unit award vesting on the third
Minson's priorities include an increase in marketing efficiency while establishing a foundation for growth Sleep Number Corporation (NASDAQ:SNBR) today announced that Amber Minson will join the company as Executive Vice President and Chief Marketing Officer (CMO) on May 12, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250416676716/en/Sleep Number announced Amber Minson will join the company as Executive Vice President and Chief Marketing Officer on May 12, 2025. Minson will lead the company's integrated marketing strategy, driving sustained demand generation, enhancing brand visibility and delivering media efficiency. Sh
Findley has a demonstrated record of accelerating growth and transformation across diverse consumer business models Phillip Eyler to become independent Board Chair, effective after the 2025 Annual Meeting of Shareholders Sleep Number Corporation (NASDAQ:SNBR) today announced that its Board of Directors (the "Board") has appointed Linda Findley as the company's new President and Chief Executive Officer, and as a member of the Board, effective April 7, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250305807579/en/Linda Findley will assume the role of Sleep Number President and CEO on April 7, 2025 (Photo: Business Wire) Fi
Today, Sleep Number Corporation (NASDAQ:SNBR) ("Sleep Number" or the "Company") issued the following statement in response to the public letter to shareholders from Stadium Capital Management, LLC (together with its affiliates, "Stadium"): The Board of Directors (the "Board") and leadership team of Sleep Number welcome shareholder input and suggestions. To that end, we have engaged extensively with Stadium and last November added two directors recommended by Stadium to the Board. Over the last 12 months, members of our Board and leadership team have spoken with Stadium on more than a dozen occasions, and Stadium participated in four meetings with the Board's Capital Allocation and Value E
Calls on Sleep Number to Collaborate with its Largest Shareholder to Add New Directors to the Board, Appoint an Executive Chairman and Ensure a Wholly Independent CEO Search Process to Identify the Company's Next Leader Encourages Shareholders to Make Their Concerns with Sleep Number's Unacceptable Performance and Self-Preservation Tactics Known by Communicating Them to the Company Intends to Nominate Exceptionally Qualified Directors Should the Board Remain Unwilling to Work with Stadium on Changes Necessary to Unlock the Tremendous Value Trapped in Sleep Number's Shares Stadium Capital Management, LLC today sent the below letter to shareholders of Sleep Number Corporation (NASDAQ:SN
Minnesota's longest tenured female public company CEO transformed mattress retailer into wellness technology company, built iconic Sleep Number brand Company also shares plans for additional Board and corporate governance changes Sleep Number Corporation (NASDAQ:SNBR) announced today that Shelly Ibach has shared her plans to retire as Chair, President and Chief Executive Officer, no later than the 2025 Annual Meeting of Shareholders (the "2025 Annual Meeting"). Pursuant to its established succession plan, the Board of Directors (the "Board") has engaged an independent executive search firm to help identify Ibach's CEO successor. To support an effective transition, Ibach will continue to s