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Mar 29, 2025
Sleep Number Q1 2025 Earnings Report
Reported results for the quarter ended March 29, 2025
Key Takeaways
Sleep Number reported a decrease in net sales and a net loss for the first quarter of 2025 compared to the prior year. However, the company improved its gross profit margin and reduced operating expenses through a new organizational structure and cost-saving initiatives.
Net sales in the first quarter of $393 million were down 16% compared with the first quarter of 2024.
Gross profit margin increased 250 basis points to 61.2%, driven by reduced material costs, efficiency gains, and a favorable product mix.
Reported first quarter net loss was $8.6 million, compared with a net loss of $7.5 million for the same period last year.
Adjusted EBITDA was $22 million, down 41% versus the same period last year, primarily due to lower net sales partially offset by improved gross margin and lower operating expenses.
Revenue by Segment
Forward Guidance
Given the recent leadership transition, changes being implemented within the business, and the rapidly evolving macroeconomic environment, the company will not be providing a 2025 outlook at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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