Sleep Number's Q3: Stock Plummets, Sales Drop
Update: 2025-11-05
Description
Sleep Number's Q3 Results: A Dire Drop in Sales and Stock PriceSleep Number's stock plummeted by over thirty percent after reporting disappointing third-quarter results. The company missed revenue expectations, with sales falling by nearly twenty percent compared to last year. This led to a significant GAAP loss of one dollar and seventy-three cents per share, much worse than anticipated. The company's same-store sales also fell by twenty percent year over year, and they closed six hundred eleven stores, down from six hundred forty-three in the same period last year. Despite these challenges, Sleep Number plans strategic shifts in product, brand positioning, and distribution to boost consumer demand.
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