Sleep Number (NASDAQ:SNBR) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.68b (down 11% from FY 2023).
• Net loss: US$20.3m (loss widened by 33% from FY 2023).
• US$0.90 loss per share (further deteriorated from US$0.68 loss in FY 2023).

SNBR Sales Performance

• Like-for-like sales growth: Down 10.0% vs FY 2023.

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

Sleep Number EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%.

In the last 12 months, the only revenue segment was Retail - Home Furnishing contributing US$1.68b. The largest operating expense was Sales & Marketing costs, amounting to US$766.6m (75% of total expenses). Explore how SNBR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are down 48% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Sleep Number has 3 warning signs (and 2 which make us uncomfortable) we think you should know about.

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