Recap: Sleep Number Q3 Earnings

Shares of Sleep Number SNBR rose 10% after the company reported Q3 results.

Quarterly Results

Earnings per share rose 90.43% year over year to $1.79, which beat the estimate of $1.00.

Revenue of $531,155,000 rose by 11.87% year over year, which beat the estimate of $515,820,000.

Looking Ahead

Sleep Number Sees FY20 EPS ~$4 vs $2.77 Estimate, Sales Growth 7-8% Year Over Year

Conference Call Details

Date: Oct 14, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.sleepnumber.com%2F&eventid=2729332&sessionid=1&key=186DD6EF76E0387AC623ACAD2DA764C6&regTag=&sourcepage=register

Technicals

52-week high: $61.00

52-week low: $15.27

Price action over last quarter: Up 19.10%

Company Overview

Sleep Number Corp. offers individualized mattresses and sleep solutions. Consumers can customize Sleep Number bedding to suit their comforts. The company utilizes algorithms and biometric data for customizations. Revenue is generated through marketing and selling bedding through two distribution channels: company-controlled, including direct-to-consumer retail and online sales; and wholesale, which sells through selected wholesale and retail customers. Almost all revenue comes from company-controlled retail sales. Sleep Number Corp. sells its products throughout the United States.