Bedding manufacturer and retailer Sleep Number (NASDAQ: SNBR) will be reporting earnings this Wednesday before market open. Here’s what to expect.
Sleep Number missed analysts’ revenue expectations by 8.3% last quarter, reporting revenues of $327.9 million, down 19.7% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EPS estimates.
Is Sleep Number a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Sleep Number’s revenue to decline 15% year on year to $362.5 million, a further deceleration from the 9.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Sleep Number’s peers in the home furnishing and improvement retail segment, only Floor And Decor has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 5.5%. The stock was down 3.8% on the results.
Read our full analysis of Floor And Decor’s earnings results here.Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the home furnishing and improvement retail stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6.5% on average over the last month. Sleep Number is down 18.5% during the same time and is heading into earnings with an average analyst price target of $7.50 (compared to the current share price of $5.41).
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