Sleep Number falls after Q4 results

Sleep Number

05/03/2025 21:32

** Shares of home furnishings company Sleep Number SNBR.O fall 5.5% to $12.18 in extended trading

** Company posts Q4 net sales of $377 million compared with $429.52 million a year earlier

** SNBR's Q4 net loss narrows to $5 million compared with a net loss of $25.2 million for the same period last year

** Company reports Q4 adjusted core profit of $26 million vs est of $26.80 million - data compiled by LSEG

** SNBR appoints Linda Findley as the its new President and Chief Executive Officer, effective April 7

** "As Ms. Findley transitions into her role, we want to provide her with the time and flexibility necessary to evaluate our strategies and business trends prior to issuing a 2025 financial outlook at a later date" - SNBR

** As of last close, stock down 15.3% YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))