Sleep Number Stock News

Sleep Number Corp stock was down about 15% in early trading Thursday (April 21) after the company reported several downward trends in its fiscal 2022 first-quarter earnings report Wednesday (April 20)

Sleep Number Corporation (NASDAQ:SNBR ) Q1 2022 Earnings Conference Call April 20, 2022 5:00 PM ET Company Participants David Schwantes - VP of Finance, Investor Relations and Decision Support Shelly

Sleep Number (SNBR) delivered earnings and revenue surprises of -72.73% and 1.92%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

These investments seem pretty vulnerable right now.

Sleep Number is a well-managed, a high-quality company in a relatively defensive industry.

A little money can go a long way with these stocks that have small market capitalizations but big aspirations.

Sleep Number Corporation (NASDAQ:SNBR) is an American manufacturer that makes smart beds, as well as foundations and bedding accessories.

Sleep Number has been steadily growing both its top and bottom lines by improving and growing its new and existing assets at rates of return far beyond its capital costs.

The mattress maker's ongoing supply chain crisis has no end in sight.

The company fell well short of expectations for its Q4.

SNBR earnings call for the period ending December 31, 2021.

Sleep Number (SNBR) stock sank 12.6% postmarket after the firm reported Q4 results that widely missed Street estimates.Q4 net sales fell 13% to $492M as a late Dec

Sleep Number Corporation (SNBR) CEO Shelly Ibach on Q4 2021 Results - Earnings Call Transcript

Shares of Sleep Number Corp. fell more than 14% in the extended session Wednesday after the mattress and bedding manufacturer missed fourth-quarter expectations and said the late arrival of semiconductor parts from an undisclosed large supplier in December caused it to miss out on millions of dollars'' worth of sales. Sleep Number said it earned $11.1 million, or 47 cents a share, in the quarter, compared to $2.19 a share in the year-ago period. Sales fell 13% to $492 million, with the late arrival of chips constraining its delivered net sales by more than $125 million, or about two and half weeks of deliveries, the company said. FactSet consensus called for earnings of $1.59 a share on sales of $601 million. "The fourth quarter proved to be the most challenging as we received semiconductor components too late in December (to fulfill) our planned deliveries," Chief Executive Shelly Ibach said in a statement. "Global electronics supplies remain constrained in the near-term," while demand for its beds remains "strong." Sleep Number guided for its full-year 2022 EPS to increase between 10% and 15% as compared with 2021, an outlook that assumes "continued global electronics supply constraints with the greatest impact expected in the first quarter." Shares of Sleep Number ended the regular trading day up 3.4%.