Sleep Number Corporation (SNBR) Tops Q1 EPS by 66c, Sales Miss; Raises FY Outlook
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Sleep Number Announces Record First Quarter 2021 Results
April 21, 2021 4:01 PM EDTRAISES FULL-YEAR EARNINGS OUTLOOK
Increased first-quarter net sales 20% and demand more than 30% year-over-year More than $50 million of deliveries (two weeks) shifted out of the quarter due to temporary foam supply constraints Operating income increased 45% to 13.4% of net sales, up 220 bp, with a 31% increase in operating cash flows Grew first-quarter diluted earnings per share 85% to a record $2.51 Raised full-year 2021 EPS outlook to at least $6.50 versus prior EPS outlook of at least $6.00MINNEAPOLIS--(BUSINESS... More
