Sleep Number (SNBR) Reports Q4 Loss, Misses Revenue Estimates

Core Insights - Sleep Number (SNBR) reported a quarterly loss of $0.18 per share, better than the Zacks Consensus Estimate of a loss of $0.22, and an improvement from a loss of $0.58 per share a year ago, indicating an earnings surprise of 18.18% [1] - The company posted revenues of $376.82 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.01%, and down from $429.52 million year-over-year [2] - Sleep Number shares have declined approximately 17.1% since the beginning of the year, contrasting with the S&P 500's decline of 1.8% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.33 on revenues of $454.9 million, and for the current fiscal year, it is $0.46 on revenues of $1.71 billion [7] - The estimate revisions trend for Sleep Number is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Furniture industry, to which Sleep Number belongs, is currently ranked in the bottom 23% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Another company in the same industry, Bassett Furniture (BSET), is expected to report quarterly earnings of $0.02 per share, reflecting a year-over-year change of +114.3%, with revenues projected at $79.24 million, down 8.5% from the previous year [9]