Sleep Number(SNBR) - 2024 Q2 - Quarterly Results

Exhibit 99.1 FOR IMMEDIATE RELEASE SLEEP NUMBER ANNOUNCES SECOND QUARTER 2024 RESULTS • Generated adjusted EBITDA of $28 million for the second quarter • Delivered gross margin rate of 59.1% for the second quarter, up 150 basis points versus last year and ahead of expectations • Reduced operating expenses by $19 million year-over-year for the quarter and $44 million year-to-date (both periods before restructuring costs) • Year-to-date free cash flow increased $21 million compared with the same period last y ...