Sleep Number Corporation (SNBRQ)
OTCMKTS · Delayed Price · Currency is USD
0.0265
0.00 (0.00%)
At close: Jul 17, 2026
Sleep Number Earnings Call Transcripts
Fiscal Year 2024
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Leadership transition is underway as the company navigates a challenging mattress market, with 2024 net sales down 11% and adjusted EBITDA reaching $120 million. Aggressive cost reductions and margin improvements offset weak demand, while no 2025 guidance is provided pending the new CEO's assessment.
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Transformation initiatives are driving margin and cost improvements ahead of plan, despite an 11% year-over-year sales decline and ongoing industry headwinds. Guidance for 2024 Adjusted EBITDA is maintained, with new product launches and operational efficiencies expected to support profitability.