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Sleep Number +15% after strong print

Jul. 26, 2019 7:27 AM ETTPX, SNBR, PRPLBy: Clark Schultz, SA News Editor2 Comments
  • Sleep Number (NASDAQ:SNBR) pops in early trading after sailing past estimates with its Q2 report and reaffirming guidance.
  • Comparable sales were up 8.0% during the quarter to smash the consensus estimate for a rise of 2.9%. Average revenue per mattress was up 9.6% to $4,945.
  • Gross margin came in at 61.0% of sales vs. 60.9% consensus and 59.7% a year ago.
  • Shares of SNBR are up 14.56% premarket to $47.85. The Sleep Number print could be strong enough to give a lift to Tempur-Sealy International (NYSE:TPX) and Purple Innovation (NASDAQ:PRPL).
  • Previously: Sleep Number EPS beats by $0.07, beats on revenue (July 25)

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