Sleep Number Q3 2020 Earnings Report
Key Takeaways
Sleep Number announced record third quarter 2020 results, with net sales growing 12% to a record $531 million. Operating income grew 78% and diluted EPS grew 90% to a record $1.79. The company also provided a 2020 earnings outlook of approximately $4.00 per diluted share, a 48% increase versus full-year 2019.
Third quarter net sales grew 12% to a record $531 million, with demand growth of 16%
Third quarter operating income grew 78% and diluted EPS grew 90% to a record $1.79
Generated a 51% increase in year-to-date operating cash flows, and a trailing twelve-months ROIC of 20.8%
Provides 2020 earnings outlook of approximately $4.00 per diluted share, a 48% increase versus full-year 2019 earnings per diluted share of $2.70, on estimated net sales growth of 7% to 8%
Sleep Number
Sleep Number
Sleep Number Revenue by Segment
Forward Guidance
The company expects to generate full-year 2020 earnings per diluted share of approximately $4.00, which would represent a 48% increase versus full-year 2019 earnings per diluted share of $2.70. The outlook assumes 7% to 8% net sales growth for 2020, including an estimated two percentage points of growth and approximately 25 cents per share from the 53rd week.
Revenue & Expenses
Visualization of income flow from segment revenue to net income