Sleep Number Corporation (SNBR) Tops Q1 EPS by 66c, Sales Miss; Raises FY Outlook

Sleep Number Corporation (NASDAQ: SNBR) reported Q1 EPS of $2.51, $0.66 better than the analyst estimate of $1.85. Revenue for the quarter came in at $568 million versus the consensus estimate of $582.34 million.

“Guided by our purpose to improve the health and wellbeing of society through higher quality sleep, Sleep Number is broadening our brand relevance and driving significant performance acceleration,” said Shelly Ibach, President and CEO. “Our first-quarter demand growth of greater than 30% demonstrates consumers’ enthusiastic response to our sleep science-based innovations, digital solutions and authentic mission-driven culture. Sleep Number is improving millions of lives through better quality sleep, while delivering exceptional value for all stakeholders.”

GUIDANCE:

Sleep Number Corporation sees FY2021 EPS of at least $6.50, versus the consensus of $6.10.

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

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