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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 AMWD, SNBR and FLXS.
Start Time: 17:00 January 1, 0000 5:42 PM ET Sleep Number Corporation (NASDAQ:SNBR ) Q1 2024 Earnings Conference Call April 24, 2024, 17:00 PM ET Company Participants Shelly Ibach - Chair, President and CEO Francis Lee - EVP and CFO Dave Schwantes - VP, Finance and IR Conference Call Participants Peter Keith - Piper Sandler Robert Griffin - Raymond James Seth Basham - Wedbush Dan Silverstein - UBS Bradley Thomas - KeyBanc Operator Welcome to Sleep Number's Q1 2024 Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session.
Sleep Number (SNBR) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.41 per share. This compares to earnings of $0.51 per share a year ago.
Sleep Number Corporation stock has lost over half its value in the past year, while the benchmark has risen by close to a third. We touch upon some of the negative sub-plots that have weighed on the stock. Whilst the industry may not grow this year as well, we are encouraged by the steps that the company is taking to address its cost-base and generate free cash flow.
AGL, BFIN and SNBR have been added to the Zacks Rank #5 (Strong Sell) List on March 15, 2024.
Sleep Number Co. NASDAQ: SNBR shares jumped 33% on its Q4 2023 earnings release. The consumer discretionary sector company is a leading manufacturer of smart adjustable beds and accessories.
The headline numbers for Sleep Number (SNBR) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Sleep Number and other premium mattress brands are dealing with soft consumer demand, impacting sales and profitability. The company expects positive free cash flow in 2024, which has investors excited.
Sleep Number Corporation (SNBR) Q4 2023 Earnings Call Transcript
Sleep Number (SNBR) came out with a quarterly loss of $0.58 per share versus the Zacks Consensus Estimate of a loss of $0.90. This compares to loss of $0.24 per share a year ago.