Sleep Number Corp is a company specializing in the design, manufacturing, and marketing of high-quality sleep products, particularly adjustable beds and mattresses that allow users to customize their sleeping experience
The company focuses on leveraging innovative technology, including sleep-tracking capabilities, to enhance the sleep quality of its customers. Sleep Number is committed to promoting better health and wellness through improved sleep, providing personalized solutions that cater to individual sleep needs and preferences. With a combination of advanced engineering and customer-centric service, Sleep Number aims to transform the way people experience rest and rejuvenation.
What a time it’s been for Sleep Number. In the past six months alone, the company’s stock price has increased by a massive 64.8%, reaching $15.03 per share. This run-up might have investors contemplating their next move.
Stadium Capital Management, LLC (together with certain of its affiliates, “Stadium Capital” or “we”), the largest shareholder of Sleep Number Corporation (NASDAQSNBR) (“Sleep Number” or the “Company”) with ownership of approximately 11.7% of the Company’s outstanding shares, today released the below open letter to the Company’s shareholders.
Stadium Capital Management, LLC (together with certain of its affiliates, “Stadium Capital” or “we”) is the largest shareholder of Sleep Number Corporation (NASDAQSNBR) (“Sleep Number” or the “Company”), owning approximately 11.7% of the Company’s outstanding shares. Today, Stadium Capital issued the below letter to the Company’s Board of Directors (the “Board”).
Stadium Capital Management, LLC (together with certain of its affiliates, “Stadium Capital” or “we”) is the largest shareholder of Sleep Number Corporation (NASDAQSNBR) (“Sleep Number” or the “Company”), owning approximately 11.7% of the Company’s outstanding shares. Today, Stadium Capital issued the below letter to shareholders regarding its nomination of four highly qualified, independent candidates for election to the Company’s Board of Directors (the “Board”) at the 2025 Annual Meeting of Shareholders (the “Annual Meeting”).
Today, Sleep Number Corporation (Nasdaq: SNBR) (“Sleep Number” or the “Company”) issued the following statement in response to the public letter to shareholders from Stadium Capital Management, LLC (together with its affiliates, “Stadium”):
Bedding manufacturer and retailer Sleep Number (NASDAQSNBR) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 9.7% year on year to $426.6 million. Its GAAP loss of $0.14 per share was 34.9% above analysts’ consensus estimates.
Sleep Number Corporation (Nasdaq: SNBR) announced today that Shelly Ibach has shared her plans to retire as Chair, President and Chief Executive Officer, no later than the 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”). Pursuant to its established succession plan, the Board of Directors (the “Board”) has engaged an independent executive search firm to help identify Ibach’s CEO successor. To support an effective transition, Ibach will continue to serve as Chair through the conclusion of the 2025 Annual Meeting and has agreed to serve as a strategic advisor to the new CEO and Board through the end of 2025.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Williams-Sonoma (NYSEWSM) and the rest of the home furniture retailer stocks fared in Q2.
Sleep Number Corporation (Nasdaq: SNBR) will release its fiscal third quarter results through September 28, 2024, after market close on Wednesday, October 30, 2024. Management will host its regularly scheduled conference call to discuss the company’s results at 5 p.m. EDT (4 p.m. CDT; 2 p.m. PDT). To access the webcast, please visit the investor relations area of the Sleep Number website at https://ir.sleepnumber.com. The webcast replay will remain available for approximately 60 days.
In celebration of World Menopause Day on October 18, Sleep Number Corporation (Nasdaq: SNBR), announced a “Hot Flash Sale” to help raise awareness of the important link between temperature, menopause and sleep, and the crucial need to improve the sleep quality of those experiencing menopause. The Hot Flash Sale features special offers on the brand’s complete portfolio of innovations dedicated to tackling the temperature fluctuations that sleepers face. As a women-led company, Sleep Number is committed to supporting women’s health through all stages and improving the health and wellbeing of society through higher quality sleep. In fact, the brand’s latest temperature research investigates the link between sleep and menopause. The results validated that menopause symptoms negatively impact sleep quality, and nearly 90 percent of research respondents experiencing menopause or perimenopause sweat at night. World Menopause Day is held annually to raise awareness, break the stigma and highlight the support available for improving the wellbeing of those experiencing menopause.
Today, Sleep Number Corporation (Nasdaq: SNBR), the sleep wellness technology leader, launched the new ClimateCool™ smart bed: the only smart bed that actively cools and effortlessly adjusts to both sleepers – ideal for couples with different sleep needs and preferences. Sleep Number’s latest smart bed builds on the active temperature technology of its award-winning Climate360® smart bed, which cools and warms on both sides. In addition to featuring adjustable firmness on each side, the new ClimateCool delivers cooling relief for each sleeper by actively drawing warm air away from their body to support their ideal climate. Plus, it features scientifically backed cooling programs, developed in partnership with research conducted at the Feinberg School of Medicine at Northwestern University. The programs are designed to provide deeper, more comfortable sleep. In fact, the ClimateCool smart bed cools up to 15 degrees on each side of the bed for each sleeper's ideal sleep temperature* and cools up to 20 times faster than a leading competitor.** The new smart bed is available as part of Sleep Number’s new Climate™ Series, a collection of smart beds designed with active air technology and individualized temperature control.
