Sleep Number Corporation (SNBR) Tops Q3 EPS by 8c, Misses on Revenue

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Go back to Sleep Number Corporation (SNBR) Tops Q3 EPS by 8c, Misses on Revenue

Sleep Number Announces Third Quarter 2024 Results

October 30, 2024 4:01 PM EDT

COMPANY ALSO ANNOUNCES CHAIR, PRESIDENT AND CEO SHELLY IBACH TO RETIRE

Reported third quarter net sales of $427 million; delivered adjusted EBITDA of $28 million for the quarter which was consistent with expectations Achieved gross margin rate of 60.8% for the third quarter, up 340 basis points versus last year, ahead of expectations and the highest quarterly gross margin rate since the third quarter of 2021 Reduced operating expenses by $17 million for the third quarter and $60 million year-to-date (before restructuring costs) Increased year-to-date free cash... More