Sleep Number Corporation (SNBR) Misses Q4 EPS by 3c, Offers Guidance

Sleep Number Corporation (NASDAQ: SNBR) reported Q4 EPS of ($0.24), $0.03 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $498 million versus the consensus estimate of $494.57 million.

GUIDANCE:

Sleep Number Corporation sees FY2023 EPS of $1.25-$2.00, versus the consensus of $1.76.

• The company expects 2023 diluted EPS of $1.25 to $2.00. The 2023 outlook assumes net sales are flat to down mid-single digits versus the prior year. The outlook assumes gross margin rate improves by more than 150 basis points versus 2022. The company expects to generate over $100 million of operating cash flow for the year and positive free cash flows. The company anticipates 2023 capital expenditures of $50 million to $60 million and is planning no share repurchases during the year.

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

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