Workflow
Here's What Key Metrics Tell Us About Sleep Number (SNBR) Q3 Earnings
SNBRSleep Number(SNBR) ZACKS·2024-11-06 00:30

Core Insights - Sleep Number (SNBR) reported a revenue of 426.62millionforthequarterendedSeptember2024,reflectingayear−over−yeardeclineof9.7426.62 million for the quarter ended September 2024, reflecting a year-over-year decline of 9.7% [1] - The company's EPS for the same period was -0.14, compared to -0.10ayearago,indicatingaworseninginearningsperformance[1]−ThereportedrevenuefellshortoftheZacksConsensusEstimateof0.10 a year ago, indicating a worsening in earnings performance [1] - The reported revenue fell short of the Zacks Consensus Estimate of 444.33 million, resulting in a surprise of -3.99% [1] - EPS exceeded expectations with a surprise of +30.00%, as the consensus EPS estimate was -0.20[1]FinancialPerformanceMetrics−Totalcompanysaleschangeratewas−100.20 [1] Financial Performance Metrics - Total company sales change rate was -10%, compared to an estimated -3.8% by analysts [3] - The number of stores at the end of the period was 643, slightly above the estimated 642 by analysts [3] - Net sales from retail stores were reported at 374.59 million, below the average estimate of $414.64 million, representing a year-over-year decline of 8.5% [3] Stock Performance - Over the past month, shares of Sleep Number have returned -21.1%, contrasting with the Zacks S&P 500 composite's change of -0.5% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]