Sleep Number Corporation (SNBR) Tops Q3 EPS by 4c, Beats on Revenues; Offers FY18 EPS Outlook

Sleep Number Corporation (NASDAQ: SNBR) reported Q3 EPS of $0.75, $0.04 better than the analyst estimate of $0.71. Revenue for the quarter came in at $415 million versus the consensus estimate of $411.13 million.

“Our business has gained significant momentum since completing the transition to all Sleep Number 360® smart beds, including 19% year-over-year sales order growth in the last seven weeks of the third quarter,” said Shelly Ibach, President and CEO of Sleep Number. “The timing of robust sales order growth in the quarter shifted deliveries from the third to the fourth quarter. Double-digit sales order growth has continued into October. We are confident in the performance of our business and reiterate our 2018 full-year EPS guidancemidpoint of $1.85.”

GUIDANCE:

Sleep Number Corporation sees FY2018 EPS of $1.85, versus the consensus of $1.86.

For earnings history and earnings-related data on Sleep Number Corporation (SNBR) click here.

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