Sleep Number Q3 2021 Earnings Report
Key Takeaways
Sleep Number announced record third quarter 2021 results with net sales growing 21% to $640 million and diluted EPS growing 24% to $2.22.
Third-quarter net sales grew 21% to a record $640 million (+35% versus 2019); generated double-digit demand growth for fourth consecutive third quarter
Third-quarter operating income increased 4% to a record $73 million (+86% versus 2019), while absorbing significant input cost increases; year-to-date operating income increased 62% versus prior year
Third-quarter diluted EPS grew 24% to $2.22; year-to-date EPS of $5.63 increased 106% versus last year (+199% versus 2019)
Generated $293 million in year-to-date operating cash flows and a trailing twelve-month (ttm) ROIC greater than 34%
Sleep Number
Sleep Number
Forward Guidance
The company is targeting 2021 earnings per diluted share of $7.25.
Challenges Ahead
- The timing of receiving electronic components could elongate some of our customer deliveries into the first quarter of 2022.