Sleep Number Q1 2024 GAAP EPS $(0.33) Misses $(0.31) Estimate, Sales $470.449M Miss $474.278M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sleep Number (NASDAQ:SNBR) reported Q1 2024 GAAP EPS of $(0.33), missing estimates by 6.45% and marking a 164.71% decrease from the previous year. Sales were $470.449M, missing estimates by 0.81% and down 10.65% from the previous year.
April 24, 2024 | 8:24 pm
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NEGATIVE IMPACT
Sleep Number reported a significant miss in both EPS and sales for Q1 2024, with a notable decrease from the previous year's figures.
The miss in both EPS and sales estimates, coupled with the significant year-over-year decline, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price. The magnitude of the miss and the comparison to last year's performance are critical factors in this analysis.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100