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 |
Sleep Number presents findings from three temperature-focused studies at SLEEP 2025, including data showing that cooling one's bed significantly improved sleep quality in women with menopause-related symptoms Today, Sleep Number Corporation (NASDAQ:SNBR) will present new temperature-focused research using real-world Sleep Number smart bed data at SLEEP 2025. The results indicate that personalized bed temperature, a unique feature available in the brand's ClimateSeries™ smart beds, can improve sleep quality and overall wellness. The results are especially important for women, including those experiencing menopause symptoms, and show how Sleep Number's smart beds can adapt to and respond to
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
New leadership structure represents a step change for the organization in efficiency and accountability Sleep Number Corporation (NASDAQ:SNBR) today announced a series of changes to its Executive Leadership Team, reporting into Linda Findley, President and CEO, aimed to grow and support its near- and long-term strategy. These changes are part of the company's organizational redesign, creating a more streamlined decision-making process to deliver on efficiency and increased accountability. "Since joining Sleep Number, I have been evaluating opportunities to create a more focused organization to bring us closer to our customer," said Findley. "The changes are part of our efforts to strength
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) 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
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
GEM HEALTH's flagship product GEM SLEEP is now accessible through Sleep Number Corporation's new BreatheIQ™ digital sleep health app, providing a seamless connection point for users. MINNEAPOLIS, March 25, 2025 /PRNewswire/ -- Gem Specialty Health, Inc. (GEM HEALTH), the nationwide virtual specialty care company transforming sleep care, announced today that it has partnered with Sleep Number Corporation (NASDAQ:SNBR) to provide a seamless connection to GEM's virtual sleep care. Users of Sleep Number's newly introduced BreatheIQ can easily connect to GEM SLEEP to start a care j
Snoring can be more than just an annoyance and may indicate underlying health conditions; new technology helps sleepers understand what their snore may mean, offers information about potential health implications, and connects sleepers to a virtual care clinic for potential diagnosis Today, Sleep Number Corporation (NASDAQ:SNBR), a sleep wellness leader, introduced an innovative new app to support the sleep health of millions of snorers. With a free download, BreatheIQ™ allows users to understand what their snore may mean and why breathing irregularities like snoring may matter to their health. Sleep Number already offers smart bed and bases that help to reduce nighttime snoring, such as t
Significant changes enable a smaller, more agile Board structure Sleep Number Corporation (NASDAQ:SNBR) ("Sleep Number") today announced that it has entered into an Agreement (the "Agreement") with Stadium Capital Management, LLC (collectively with its affiliates, "Stadium Capital"), the company's largest shareholder. As part of the Agreement, and combined with other recent announcements, five current members of the Sleep Number Board of Directors (the "Board") will be retiring. As previously announced, Michael J. Harrison and Shelly R. Ibach will not stand for reelection to the Board at the company's 2025 Annual Meeting of Shareholders (the "2025 Annual Meeting"). Pursuant to the Agreeme