MARKET COMPOSITE
SNBR - Sleep Number Corp2:00:39 PM 4/26/2024
Price
$14.77
+ 0.54 (3.79%)
Sleep Number is a U.S.-based manufacturer that manufactures the Sleep Number and Comfortaire beds as well as foundations and bedding accessories. The company is based in Minneapolis, Minnesota. In addition to its Minnesota headquarters, Sleep Number has manufacturing and distribution facilities in South Carolina and Utah. As of 2018, the company employed 4,220 people across the United States. In 1980, the category of adjustable air-supported sleep systems was invented by a private company, Comfortaire Corporation, of South Carolina Bob Walker left Comfortaire and formed a new company in 1987 called Select Comfort. Select Comfort acquired the Comfortaire Corporation, a major competitor, in January 2013. In March 2017, Select Comfort announced that they would no longer offer, the Comfortaire lineup of Air Beds, to their third party retailers/dealers. Select Comfort Corporation, in November 2017, changed their corporate name to Sleep Number Corporation.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue429.5MM-9%
Gross Profit242.9MM-10%
Cost Of Revenue186.6MM-7%
Operating Income-19.6MM-464%
Operating Expenses262.5MM-1%
Net Income-25.2MM-
R&D13.3MM+5%
G&A35.5MM+11%
Marketing198MM-10%
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