Sleep Number Q2 2024 GAAP EPS $(0.22) Beats $(0.40) Estimate, Sales $408.413M Miss $415.039M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sleep Number (NASDAQ:SNBR) reported Q2 2024 GAAP EPS of $(0.22), beating the $(0.40) estimate, but sales of $408.413M missed the $415.039M estimate. EPS decreased by 833.33% YoY, and sales decreased by 10.98% YoY.
July 31, 2024 | 8:14 pm
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NEGATIVE IMPACT
Sleep Number's Q2 2024 GAAP EPS of $(0.22) beat estimates but sales missed expectations. EPS decreased significantly YoY, and sales also saw a notable decline.
Despite beating EPS estimates, the significant YoY decrease in EPS and the miss on sales estimates are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100