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Dec 28, 2019
Sleep Number Q4 2019 Earnings Report
Reported record results driven by consumer response to 360® smart beds.
Key Takeaways
Sleep Number Corporation reported record fourth-quarter and full-year 2019 results. Net sales increased by 7% to $441 million, and earnings per diluted share were $0.82.
Full-year net sales up 11% to a record $1.7 billion
Full-year diluted EPS up 41% to $2.70
Net sales increased 7% to $441 million
Earnings per diluted share of $0.82
Revenue by Segment
Forward Guidance
The company expects to generate full-year 2020 earnings per diluted share of $3.10, a 15% increase versus full-year 2019 earnings per diluted share of $2.70. The outlook assumes high-single digit net sales growth for 2020, including the benefit of an extra fiscal week. The outlook assumes an estimated effective income tax rate of approximately 22% (including an estimated $3 million of excess tax benefits related to stock-based compensation), compared to 18.6% for 2019. The company anticipates 2020 capital expenditures to be approximately $60 million.
Positive Outlook
- Full-year 2020 earnings per diluted share of $3.10
- 15% increase versus full-year 2019 earnings per diluted share of $2.70
- High-single digit net sales growth for 2020
- Benefit of an extra fiscal week
- Capital expenditures to be approximately $60 million
Challenges Ahead
- Estimated effective income tax rate of approximately 22%
- Compared to 18.6% for 2019
- Subject to certain risks and uncertainties including, among others, such factors as current and future general and industry economic trends and consumer confidence
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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