Sleep Number Corporation (SNBR) Tops Q4 EPS by 75c; Issues Solid EPS Guidance

Sleep Number Corporation (NASDAQ: SNBR) reported Q4 EPS of $2.19, $0.75 better than the analyst estimate of $1.44. Revenue for the quarter came in at $568 million versus the consensus estimate of $551.5 million.

“In a year of challenge and change, our mission-driven team delivered exceptional results by leveraging the power of vertical integration, digitization and focusing on what matters most to our stakeholders,” said Shelly Ibach, President and Chief Executive Officer. “We broadened our sleep leadership and brand relevance with our revolutionary 360® smart beds as consumers’ increased their understanding of the link between proven quality sleep and wellbeing. With strong momentum in the first quarter and ongoing investments in sleep science-based innovations and digital technologies, we are well-positioned to generate sustainable profitable growth for years to come.”

GUIDANCE:

Sleep Number Corporation sees FY2021 EPS of at leaset $6.00, versus the consensus of $4.48.

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

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