Sleep Number shares sink as Q1 sales, margin disappoint

Apr. 17, 2019 5:34 PM ETSleep Number Corporation (SNBR), TPX, LEG, CULPTPX, CULP, SNBR, LEGBy: Carl Surran, SA News Editor
  • Sleep Number (NASDAQ:SNBR) -12% after-hours as Q1 earnings top estimates but comparable sales and gross margin miss expectations.
  • SNBR reiterates full-year guidance for earnings and revenues even after Q1 profit beat estimates, seeing EPS of $2.25-$2.75 vs. $2.47 analyst consensus and revenue growth of 6%-10%, which computes to $1.62B-$1.68B vs. $1.64B consensus.
  • Comp sales rose 5% for the quarter vs. 6.2% consensus estimate and gross margin of 61.5% fell just shy of 61.9% consensus.
  • Other mattress firms on watch include TPX, LEG, CULP

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.