Sleep Number Corporation (SNBR) Misses Q4 EPS by $1.12

Sleep Number Corporation (NASDAQ: SNBR) reported Q4 EPS of $0.47, $1.12 worse than the analyst estimate of $1.59. Revenue for the quarter came in at $494 million versus the consensus estimate of $601.2 million.

Financial Outlook:

The company expects full-year 2022 diluted EPS to increase 10 to 15% versus 2021. The outlook for 2022 assumes continued global electronics supply constraints with the greatest impact expected in the first quarter. Accordingly, the 2022 outlook assumes first quarter EPS of 30 to 40 cents with EPS growth of approximately 80% expected for the last nine months of the year. The company anticipates 2022 capital expenditures of $70 million to $80 million.

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

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