Sleep Number Corp
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- Sleep Number Corporation (Nasdaq: SNBR), a sleep wellness company headquartered in Minneapolis, Minnesota and founded in 1987, designs, manufactures, markets, distributes and sells innovative smart beds including Climate360 smart beds with individualized temperature control and SleepIQ technology for sleep tracking and personalized insights; adjustable bases; pillows; sheets; and other bedding accessories through a vertically integrated direct-to-consumer model encompassing nearly 650 company-owned stores, online channels, phone and chat across the United States. The company leverages over 32 billion hours of longitudinal sleep data from its smart bed ecosystem to deliver dynamic firmness adjustments, health insights via its proprietary app and research collaborations with global institutions, targeting Smart Sleepers seeking individualized comfort and couples with differing preferences. In recent developments, Sleep Number entered into a cooperation agreement with largest shareholder Stadium Capital Management in March 2025 facilitating significant Board refreshment with five directors retiring including accelerated departures by Brenda J. Lauderback and Stephen L. Gulis Jr., enabling focus on turnaround initiatives amid challenging market conditions; implemented aggressive cost reductions totaling $44.8 million or 18% of operating expenses pre-restructuring alongside $41 million in restructuring costs; amended and extended its credit agreement through 2027 for covenant flexibility; and reaffirmed 2025 guidance projecting approximately $1.4 billion in net sales, 60% gross margin, $70 million adjusted EBITDA and negative $50 million free cash flow while planning reinvestment for 2026 growth.
Mattress company Sleep Number sells assets for $700 million in bankruptcy
Sleep Number Receives Court Approval for Sale to Sleep Country Canada
Sleep Number Corporation stock will be delisted from Nasdaq after Chapter 11 bankruptcy; shares plummet
Stock Market Today: S&P 500, Dow, Nasdaq 100 Futures Jump After Sharp Sell-Off On Fed Rates Pause— Freecast, Smith & Wesson In Focus (UPDATED)
Mattress company Sleep Number plans $415 million bankruptcy sale
Wolf Haldenstein Adler Freeman & Herz LLP is investigating potential securities fraud claims on behalf of the shareholders of Sleep Number Corporation (NASDAQ: SNBR)
Sleep Number Enters Asset Purchase Agreement to Combine with Sleep Country Canada, Creating an Industry Leader in North America
SNBR Investors Have Opportunity to Join Sleep Number Corporation Fraud Investigation with the Schall Law Firm
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sleep Number Corporation - SNBR
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sleep Number Corporation - SNBR
SNBR Investors Have Opportunity to Join Sleep Number Corporation Fraud Investigation with the Schall Law Firm
SNBR Investors Have Opportunity to Join Sleep Number Corporation Fraud Investigation with the Schall Law Firm
Wolf Haldenstein Adler Freeman & Herz LLP is investigating potential securities fraud claims on behalf of the shareholders of Sleep Number Corporation (NASDAQ: SNBR)
Wolf Haldenstein Adler Freeman & Herz LLP is investigating potential securities fraud claims on behalf of the shareholders of Sleep Number Corporation (NASDAQ: SNBR)
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sleep Number Corporation - SNBR
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sleep Number Corporation - SNBR
Wolf Haldenstein Adler Freeman & Herz LLP is investigating potential securities fraud claims on behalf of the shareholders of Sleep Number Corporation (NASDAQ: SNBR)
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sleep Number Corporation - SNBR
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sleep Number Corporation - SNBR
SNBR Investors Have Opportunity to Join Sleep Number Corporation Fraud Investigation with the Schall Law Firm