Trade Sleep Number Corp - SNBR CFD

Sleep Number Company profile

About Sleep Number Corp

Sleep Number Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company's Sleep Number bedding collection features a full line of sleep products designed to improve sleep comfort and quality, including a range of pillow sizes and shapes that fit each individual’s preferred sleeping position. Its Sleep Number 360 smart beds provide each sleeper with adjustable, personalized comfort for quality sleep. It offers a full line of exclusive FlexFit smart adjustable bases that allow customers to raise the head or foot of the bed. The Company offers SleepIQ technology, which is a Sleep Number 360 smart bed’s operating system that detects sleep disturbances, movements, and biometric changes, and then adjusts the bed’s firmness throughout the night to deliver quality sleep. Its SleepIQ technology operating system captures biometric data points every night and offers actionable insights to improve overall sleep health and wellness.

Financial summary

BRIEF: For the fiscal year ended 01 January 2022, Sleep Number Corp revenues increased 18% to $2.18B. Net income increased 10% to $153.7M. Revenues reflect Retail segment increase of 20% to $1.9B, Retail Sales - Total increase of 20% to $1.9B, Online Sales-Online and phone increase of 4% to $280.9M. Net income was partially offset by Merchandise Margins - Total - % decrease of 3% to 60.4%, Sales and marketing increase of 17% to $905.4M (expense).

Equity composition

Common Stoc k $.01 Par, 10/11, 142.5M auth., 56,174,000 issd.Insiders & stakeholders own 3.46%. Preferred Stock 5M auth., IPO 12/98: 4M shs.(2.8M by Co.) @ $17 by Hambrecht &Quist. 6/02, Senior Secured Notes converted into 11M shs. of Common. 06/06, 3-for-2 stock split.