Sleep Number Sees FY24 Adj. EBITDA $125M-$145M; Net Sales Down Mid-Single Digits
Portfolio Pulse from Benzinga Newsdesk
Sleep Number projects its FY24 adjusted EBITDA to be between $125M-$145M, with net sales expected to decrease by mid-single digits percentage. This forecast suggests a cautious outlook for the company's financial performance in the upcoming fiscal year.
February 22, 2024 | 9:36 pm
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Sleep Number anticipates a decrease in net sales and projects adjusted EBITDA to be between $125M-$145M for FY24, indicating a cautious financial outlook.
The projection of declining net sales and a specific EBITDA range suggests potential challenges in revenue and profitability for Sleep Number in FY24. This outlook could lead to negative investor sentiment in the short term, impacting the stock price negatively.
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