Stock Analysis

Sleep Number First Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St

April 26, 2024

Sleep Number (NASDAQ:SNBR) First Quarter 2024 Results

Key Financial Results

Revenue: US$470.4m (down 11% from 1Q 2023).
Net loss: US$7.48m (down by 165% from US$11.5m profit in 1Q 2023).
US$0.33 loss per share (down from US$0.51 profit in 1Q 2023).

earnings-and-revenue-growth — NasdaqGS:SNBR Earnings and Revenue Growth April 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sleep Number EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.8%.

Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are up 7.2% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Sleep Number (at least 2 which shouldn't be ignored), and understanding them should be part of your investment process.

Valuation is complex, but we're helping make it simple.

Find out whether Sleep Number is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.