Sleep Number (SNBR) Lags Q3 Earnings and Revenue Estimates

Core Viewpoint - Sleep Number (SNBR) reported quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.15 per share, and compared to a loss of $0.14 per share a year ago, indicating a significant earnings surprise of -53.33% [1] Financial Performance - The company posted revenues of $342.88 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 6.28%, and down from $426.62 million in the same quarter last year [2] - Over the last four quarters, Sleep Number has surpassed consensus EPS estimates only once [2] Stock Performance - Sleep Number shares have declined approximately 63.9% since the beginning of the year, contrasting with the S&P 500's gain of 15.1% [3] Future Outlook - The company's earnings outlook will be crucial for investors, particularly in light of recent earnings expectations and revisions [4] - The current consensus EPS estimate for the upcoming quarter is $0.10 on revenues of $352.8 million, while for the current fiscal year, it is projected at -$1.22 on revenues of $1.44 billion [7] Industry Context - The Furniture industry, to which Sleep Number belongs, is currently ranked in the top 41% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]