Sleep Number Q1 sales slightly miss estimates on lower volumes

Sleep Number

12/05/2026 12:07

Overview

U.S. mattress maker's Q1 sales fell 19% yr/yr, slightly missing analyst expectations

Adjusted EPS for Q1 was -$2.19, as net loss widened yr/yr

Company continues turnaround strategy with product reset and cost savings actions

Outlook

Company is not providing financial guidance while strategic and financing review is ongoing

Result Drivers

LOWER SALES VOLUME AND STORE COUNT - Co said Q1 net sales fell 19% yr/yr, driven by lower volume and a reduced store count

PRODUCT MIX AND DISCOUNTING - Gross margin declined due to a shift in mix to new ComfortMode bed and discounting of legacy inventory

COST REDUCTIONS - Operating expenses fell 18% yr/yr, mainly due to lower marketing, selling, G&A, and R&D expenses

Company press release: ID:nBw4WRch0a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Miss*
$319 mln
$320.72 mln (4 Analysts)
Q1 EPS
-$2.19
Q1 Net Income
-$50 mln
Q1 Gross Margin
57.90%
Q1 Gross Profit
$185 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)