Sleep Number Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Sleep Number (NASDAQ:SNBR) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$408.4m (down 11% from 2Q 2023).
• Net loss: US$5.05m (down from US$754.0k profit in 2Q 2023).
• US$0.22 loss per share (down from US$0.034 profit in 2Q 2023).

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

Sleep Number EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 37%.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are up 36% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Sleep Number you should be aware of, and 2 of them are significant.

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