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Deteriorating U.S. consumer confidence and concerns for future business growth are risks for the industry. Yet, the focus on product innovation and technological solutions raises hope for LZB, SNBR and FLXS.
NEW CANAAN, Conn.--(BUSINESS WIRE)--Stadium Capital Management, LLC (together with certain of its affiliates, “Stadium Capital” or “we”) is the largest shareholder of Sleep Number Corporation (NASDAQ: SNBR) (“Sleep Number” or the “Company”), owning approximately 11.7% of the Company's outstanding shares. Today, Stadium Capital issued the below letter to the Company's Board of Directors (the “Board”). *** December 12, 2024 Members of the Board: The legendary investor Benjamin Graham famously sai.
MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) will release its fiscal third quarter results through September 28, 2024, after market close on Wednesday, October 30, 2024. 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 ap.
MINNEAPOLIS--(BUSINESS WIRE)--In celebration of World Menopause Day on October 18, Sleep Number Corporation (Nasdaq: SNBR), announced a “Hot Flash Sale” to help raise awareness of the important link between temperature, menopause and sleep, and the crucial need to improve the sleep quality of those experiencing menopause. The Hot Flash Sale features special offers on the brand's complete portfolio of innovations dedicated to tackling the temperature fluctuations that sleepers face. As a women-l.
MINNEAPOLIS--(BUSINESS WIRE)--Today, Sleep Number Corporation (Nasdaq: SNBR), the sleep wellness technology leader, launched the new ClimateCool™ smart bed: the only smart bed that actively cools and effortlessly adjusts to both sleepers – ideal for couples with different sleep needs and preferences. Sleep Number's latest smart bed builds on the active temperature technology of its award-winning Climate360® smart bed, which cools and warms on both sides. In addition to featuring adjustable firm.
Industry sales are expected to wobble for yet another year, but the improvements that SNBR has facilitated on the cost base could see it generate marginal EBITDA growth this year. Looking ahead, even if the topline growth ends up being anemic, EBITDA growth in FY25 and FY26 are poised to come in at double-digit growth levels. The stock is still priced at a discount on a forward EV/EBITDA basis, although that discount has come down from 30% in March to 12.5% currently.
Snap Inc (NYSE:SNAP) is down a 23.9% to trade at $9.74 at last check, after the social media company's outlook for the fiscal third quarter came in dramatically short of analysts' expectations.
Sleep Number (SNBR) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to earnings of $0.03 per share a year ago.
Deteriorating U.S. consumer confidence and concerns for future business growth are concerns for the industry. Yet, focus product innovation & technological solutions raise hope for LZB, VIRC and SNBR.
Sleep Number (SNBR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.