Sleep Number Corporation (SNBR) Tops Q3 EPS by 74c, Offers FY Guidance

Sleep Number Corporation (NASDAQ: SNBR) reported Q3 EPS of $2.22, $0.74 better than the analyst estimate of $1.48. Revenue for the quarter came in at $640.4 million versus the consensus estimate of $565.48 million.

GUIDANCE:

Sleep Number Corporation sees FY2021 EPS of $7.25, versus the consensus of $7.15.

• The company is targeting 2021 earnings per diluted share of $7.25, compared with $4.60 for 2020 (excluding the impact of the 53rd week), and nearly three times 2019 EPS. The timing of receiving electronic components could elongate some of our customer deliveries into the first quarter of 2022. The outlook assumes an estimated effective income tax rate of 25% for the balance of the year with full-year capital expenditures of approximately $70 million.

For earnings history and earnings-related data on Sleep Number Corporation (SNBR) click here.

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