Sleep Number (SNBR) Reports Earnings Tomorrow: What To Expect

Bedding manufacturer and retailer Sleep Number (NASDAQ:SNBR) will be reporting results tomorrow after the bell. Here’s what to look for.

Sleep Number missed analysts’ revenue expectations by 4.3% last quarter, reporting revenues of $426.6 million, down 9.7% year on year. It was a slower quarter for the company, with full-year EBITDA guidance missing analysts’ expectations.

Is Sleep Number a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Sleep Number’s revenue to decline 9.3% year on year to $389.7 million, improving from the 13.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.23 per share.Sleep Number Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sleep Number has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Sleep Number’s peers in the home furnishing and improvement retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Arhaus posted flat year-on-year revenue, meeting analysts’ expectations, and Floor And Decor reported revenues up 5.7%, topping estimates by 1.9%. Arhaus traded down 21.5% following the results while Floor And Decor was up 1.6%.

Read our full analysis of Arhaus’s results here and Floor And Decor’s results here.

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