Sleep Number Sees FY2024 Sales expected to down 10% YoY
Portfolio Pulse from Benzinga Newsdesk
Sleep Number (NASDAQ:SNBR) projects a 10% year-over-year decline in FY2024 sales, with expected sales of $1.699 billion compared to the $1.76 billion estimate.
October 30, 2024 | 8:33 pm
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NEGATIVE IMPACT
Sleep Number forecasts a 10% decline in FY2024 sales, expecting $1.699 billion, which is below the $1.76 billion estimate.
The announcement of a 10% decline in sales for FY2024, falling short of estimates, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100