Sleep Number Q3 2024 GAAP EPS $(0.14) Beats $(0.18) Estimate, Sales $426.617M Miss $445.962M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sleep Number reported a Q3 2024 GAAP EPS of $(0.14), beating the estimate of $(0.18), but sales of $426.617M missed the $445.962M estimate. Sales decreased by 9.74% compared to the same period last year.
October 30, 2024 | 8:13 pm
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Sleep Number's Q3 2024 EPS beat expectations, but sales missed estimates and declined year-over-year, indicating potential challenges in revenue growth.
The EPS beat suggests better-than-expected cost management or other efficiencies, but the sales miss and year-over-year decline highlight potential issues in demand or market conditions. This mixed result may lead to neutral short-term stock movement as investors weigh the positive EPS against the negative sales performance.
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IMPORTANCE 80
RELEVANCE 100