Core Insights - Sleep Number reported a revenue of $393.26 million for the quarter ended March 2025, reflecting a decline of 16.4% year-over-year [1] - The company's EPS was -$0.38, a significant drop from $0.03 in the same quarter last year, with an EPS surprise of -245.45% against the consensus estimate of -$0.11 [1] - The revenue exceeded the Zacks Consensus Estimate of $391.57 million by 0.43% [1] Financial Performance - The total sales change rate for Sleep Number was -16%, which was worse than the estimated -14.7% by analysts [4] - The number of stores at the end of the period was 637, slightly below the average estimate of 641 [4] - The number of stores at the beginning of the period remained stable at 640, matching the average estimate [4] Market Performance - Over the past month, Sleep Number's shares have returned +10.6%, outperforming the Zacks S&P 500 composite, which saw a change of -0.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Company Performance - Sleep Number (SNBR) reported a quarterly loss of $0.38 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.11, marking an earnings surprise of -245.45% [1] - The company posted revenues of $393.26 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.43%, but down from $470.45 million in the same quarter last year [2] - Over the last four quarters, Sleep Number has surpassed consensus EPS estimates three times, but has topped consensus revenue estimates only once [2] Stock Performance - Sleep Number shares have declined approximately 50.2% since the beginning of the year, in contrast to the S&P 500's decline of -5.5% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $381.67 million, and for the current fiscal year, it is -$0.47 on revenues of $1.58 billion [7] Industry Outlook - The Furniture industry, to which Sleep Number belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Sleep Number's stock performance [5][6]

Sleep Number (SNBR) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Company Participants Linda Findley - President & CEOFrancis Lee - Executive VP & CFOAlessandra Jimenez - Senior Equity Research Associate - Consumer Hardline/Specialty Retail Conference Call Participants Dan Silverstein - Equity Research AnalystPeter Keith - Managing Director & Senior Research AnalystBradley Thomas - Managing Director & Equity Research Analyst Operator Welcome to Sleep Number's Q1 twenty twenty five Earnings Conference Cal ...

Financial Performance - Net sales for Q1 2025 were $393 million, a decrease of 16% compared to the prior year [8] - Gross profit margin expanded to 61.2%, up 250 basis points from last year, driven by operational efficiencies and product mix [8][9] - Adjusted EBITDA for the quarter was $22 million, a decrease of $15 million from the prior year, with an adjusted EBITDA margin of 5.6%, down 230 basis points [10] - Operating expenses, excluding restructuring and one-time costs, totaled $237 million, a $23 million or 9% improvement over last year [9] Business Lines and Market Performance - Positive consumer response to the Climate Series beds helped expand Average Revenue per Unit (ARU) by approximately 4% versus last year [8] - The company is focusing on marketing efficiency to drive sustainable returns [8] - The impact of tariffs is estimated to be approximately $30 million for 2025, with $17 million potentially offset through supplier partnerships [11] Company Strategy and Industry Competition - The company is undergoing significant changes to stabilize the business and enhance competitive advantages [4][5] - A new executive and senior leadership structure has been created to streamline operations and improve decision-making [20][21] - The focus is on customer obsession, leveraging data to understand customer needs and improve product offerings [19][30] Management Commentary on Operating Environment and Future Outlook - Management acknowledges challenges in the current consumer environment, with a decline in consumer confidence impacting spending [39] - The company is not providing full guidance due to the rapidly evolving macroeconomic environment [13] - There is an expectation of continued top-line pressure in the near term, but cost management strategies are in place to maintain gross profit margins [14][15] Other Important Information - The company anticipates annualized cost reductions of $80 million to $100 million compared to the 2025 cost structure [13][27] - A focus on optimizing the debt capital structure without diluting current shareholders is underway [12] Q&A Session Summary Question: What are the low-hanging fruit for improvement in 2025? - Management identified opportunities in marketing efficiency, organizational structure changes, and leveraging past innovations to meet current customer needs [33][34][36] Question: Can you provide color on quarter-to-date demand? - Management noted a challenging environment with declining consumer confidence impacting spending, but emphasized a focus on rightsizing the organization [39][40] Question: What are the biggest opportunities to strengthen the brand and messaging? - Management sees opportunities in leveraging new technologies for effective marketing and optimizing existing partnerships for maximum benefit [48][50][52] Question: Is there an increased appetite to explore wholesale distribution? - Management stated that everything is on the table and they are open to exploring various strategic options [53] Question: How does the company view its core value proposition? - Management emphasized the importance of communicating the core benefits of Sleep Number beds, focusing on comfort and quality sleep [58][60] Question: How is the company navigating tariffs and pricing? - Management is evaluating various strategies to manage tariff impacts, including potential pricing adjustments and maintaining core pricing for key products [77][78] Question: What is the strategy regarding store openings and closures? - Management plans to maintain the current strategy of store openings and closures while reviewing the overall distribution strategy [79]

Company Overview - La-Z-Boy Incorporated is a global leader in the retail and manufacture of residential furniture, known for its iconic recliner invented in 1927 [2] - The company operates as a vertically integrated furniture retailer and manufacturer, emphasizing quality and consumer compassion [2] Financial Highlights - La-Z-Boy declared a quarterly cash dividend of $0.22 per share, to be paid on June 16, 2025, to shareholders of record as of June 3, 2025 [1] Retail and Wholesale Segments - The Retail segment includes nearly 200 company-owned La-Z-Boy Furniture Galleries stores, part of a network of over 360 stores nationwide, complemented by La-Z-Boy.com [3] - Joybird, an e-commerce retailer and manufacturer of modern upholstered furniture, operates 12 stores in the U.S. [3] - The Wholesale segment manufactures custom furniture for its Furniture Galleries and various retail channels, including brands like England Furniture Co., Kincaid, American Drew, and Hammary [3]

南方财经全媒体记者程浩 东莞报道 日前，慕思股份发布2024年年报。报告显示，公司2024年营业收入为56.03亿元，同比增长0.43%；归母 净利润为7.67亿元，同比下降4.36%；扣非归母净利润为7.23亿元，同比下降7.67%。这家发轫于东莞厚 街的家具企业，用十年时间完成了从代工生产到制定国际标准的蜕变，面对房地产下行、家居消费疲软 等不利因素，慕思股份交出了一份营收微增、利润小幅下滑的成绩单。 年报显示，2024年慕思股份高端化与智能化的双轨战略已初见成效。公司核心产品床垫2024年收入 26.79亿元，同比增长3.78%。但行业竞争格局也在悄然变化。一方面，传统竞争对手如喜临门、顾家家 居纷纷加码睡眠产品线；另一方面，科技公司如华为、小米通过生态链企业切入智能家居领域，对慕思 形成跨界竞争。收购Maxcoil品牌虽然打开了东南亚市场的大门，但跨境经营的文化整合、供应链协同 绝非易事。 慕思股份的渠道变革同样进入深水区。电商渠道19.51%的占比看似健康，但抖音、快手等新兴平台与 传统天猫、京东的运营逻辑迥异，需要不同的团队和能力。而经销渠道的数字化转型更为棘手——未来 如何平衡线上线下的利益冲突 ...

Core Viewpoint - Martela Corporation is implementing plans to enhance and reorganize its operations to address adverse market conditions and adjust its cost structure, with a focus on improving efficiency and reducing fixed costs [1][2][3] Group 1: Operational Changes - The company plans to improve the efficiency of operations and removal services, with anticipated annual savings of approximately EUR 0.5-0.7 million, partially realized in 2025 and fully effective in 2026 [2] - The planned measures will result in a permanent reduction of about 30 jobs, affecting personnel in Finland, and involve closer cooperation with external service providers [2] Group 2: Financial Performance - Martela's financial performance has been unsatisfactory, with a challenging market situation in recent years, necessitating the planned adjustment measures to ensure competitiveness and reduce costs [3] - The company is also focusing on optimizing working capital as part of its overall strategy [3] Group 3: Company Overview - Martela Group employs approximately 350 people across Finland, Sweden, Norway, and Poland, and specializes in user-centric working and learning environments [4]

Group 1 - BofA Securities Europe SA has reduced its holding in TCM Group A/S from 10.278% to 0.196% in share capital and voting rights as of April 23, 2025 [1] - The direct or indirect control of shares/voting rights by BofA Securities Europe SA corresponds to 1,080,571 shares in TCM Group A/S [1] - The breakdown of the holdings shows a decrease in shares attached to shares from 0.844% to 0.195% and through financial instruments from 9.434% to 0.001% [1] Group 2 - TCM Group is the third largest manufacturer of kitchens and furniture for bathrooms and storage in Scandinavia [2] - The company operates under a multi-brand strategy, with the main brand being Svane Køkkenet, alongside Tvis Køkken, Nettoline, and AUBO [2] - TCM Group products are designed and produced in Denmark and are sold through approximately 220 dealers across Denmark and Scandinavia [2]

Core Viewpoint - Leggett & Platt, Incorporated (LEG) reported mixed first-quarter 2025 results, with earnings exceeding expectations while revenues fell short, reflecting ongoing demand softness in key markets [1][2][4]. Financial Performance - Adjusted earnings per share (EPS) for Q1 2025 were 24 cents, surpassing the consensus estimate of 23 cents by 4.3%, and up from 23 cents in the same quarter last year [4]. - Net trade sales totaled $1.022 billion, missing the consensus mark of $1.028 billion by 0.5%, and representing a 7% decline from $1.097 billion in the prior-year quarter [4]. - Adjusted EBIT increased 4.6% to $66.6 million from $63.7 million year-over-year, driven by restructuring benefits and operational efficiency improvements [5]. - Adjusted EBIT margin expanded 70 basis points to 6.5% from 5.8% in the year-ago quarter, while adjusted EBITDA margin grew 80 basis points to 9.6% [5]. Segment Performance - Bedding Products segment saw a 13% decline in net trade sales to $390.7 million, with a volume drop of 10% attributed to demand softness in U.S. and European markets [6]. - Specialized Products segment's trade sales decreased 5% to $300.1 million, with a volume decline of 4% due to reduced demand in Automotive and Hydraulic Cylinders [8]. - Furniture, Flooring & Textile Products segment reported a 1% decline in trade sales to $331.3 million, with a volume increase of 2% driven by growth in Textiles [10]. Guidance and Outlook - The company maintained its full-year sales guidance of $4-$4.3 billion, indicating a 2-9% decline year-over-year, with updated expectations for volume declines in key segments [14][15]. - Adjusted EPS is anticipated to be between $1 and $1.20, reflecting an increase at the midpoint compared to 2024, driven by restructuring benefits [16]. - The company expects adjusted EBIT margin to be in the range of 6.4-6.8% for the year [16]. Financial Position - As of March 31, 2025, the company had $817 million in liquidity, with cash and equivalents of $412.6 million, up from $350.2 million at the end of 2024 [12]. - Long-term debt increased to $1.94 billion from $1.86 billion at the end of 2024, with a trailing 12-month net debt-to-adjusted EBITDA ratio of 3.77x [12].

晚上10点，儿子睡了，手机安静了，杭州某互联网公司运营总监陈琳终于拥有了属于自己的时间。 但对于更多普通消费者而言，智能床怎么就能"哄睡"了？动辄价格数万元的智能床，真的不是智商税吗？ 最早出圈于2022年初北京冬奥会冬奥村，床体可升降调节，还配有按摩、升降、防打鼾、睡眠监测等诸多功能的智能床，近两年开始频繁"入驻"如陈琳这 样的中产家庭卧室。 她轻触遥控选择智能床的"阅读模式"，背部被缓缓抬起到55度，腿部则微抬至30度，放松地看了半小时电子书，快11点了，切换到"哄睡模式"。 "躺平"的她感受到床垫微妙的高度调节，身体进入宛如失重般的放松状态，最后在轻柔的摇晃震动中入眠。 第二天早晨，刺耳的闹钟没有响起，取而代之的是上身被床垫缓缓托起，享受了一把温柔叫醒服务，陈琳打开手机App，显示"深睡眠时长比上周增加 21%"。 床头与床尾微微抬起的智能床。图/小红书@李李歪歪de装修日记 头豹研究院数据显示，中国智能床市场规模持续增长，预计到2026年接近40亿元。申万宏源也在研报中称，去年四季度以来国内头部企业竞相 发力智能床垫品类，2025年有望成为智能床垫爆发的元年。 这届中产，靠床哄睡？ 北京2022年冬奥 ...