Sleep Number Corporation (SNBR) Misses Q1 EPS by 24c

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Go back to Sleep Number Corporation (SNBR) Misses Q1 EPS by 24c

Sleep Number Announces First Quarter 2022 Results

April 20, 2022 4:01 PM EDT

Net sales declined 7% versus the prior year on constrained supply of semiconductor chips Demand for the quarter declined 3% on acute macro factors in January and March; backlog increased 20% since December Diluted EPS of $0.09 on lower-than-expected delivered net sales due to worsened external factors Updated 2022 EPS outlook to a range of $5.00 to $6.00 per share

MINNEAPOLIS--(BUSINESS WIRE)-- Sleep Number Corporation (Nasdaq: SNBR) today reported results for the quarter ended April 2, 2022.

External factors continue to disrupt global supply and... More