Sleep Number Corporation (SNBR) Tops Q3 EPS by 17c; Warns for the Year

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Go back to Sleep Number Corporation (SNBR) Tops Q3 EPS by 17c; Warns for the Year

Sleep Number Announces Third Quarter 2022 Results

October 26, 2022 4:01 PM EDT

Third-quarter net sales declined 16% versus the prior year as expected on semiconductor chip supply constraints Third-quarter diluted EPS of $0.22 ahead of expectation for breakeven profits Revised 2022 EPS outlook to a range of $1.50 to $2.00 per diluted share due to constrained, uneven flow of chip supply and softer demand

MINNEAPOLIS--(BUSINESS WIRE)-- Sleep Number Corporation (Nasdaq: SNBR) today reported results for the quarter ended October 1, 2022.

We continue to navigate a very difficult environment, including persistent electronic chip inventory constraints and softer-than-expected... More