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12.05.26 - 13:06
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Sleep Number Announces First Quarter 2026 Results (Business Wire)
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Reports First Quarter 2026 Net Sales of $319 million
Advances Turnaround Through Product and Brand Reset to Drive Sustainable Growth
Continues Focus on Long-term Capital Structure Solutions, Including Strategic and Financing OptionsMINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) today reported results for the quarter ended April 4, 2026.
Linda Findley, President and CEO, commented, “Q1 came in as expected given the soft start to the year, but year-over-year demand improved steadily throughout the quarter, ending with growth in March over last year. We are confident in the early positive metrics we are seeing from our new product launch and marketing campaigns, and the customer feedback on our new beds is fantastic. We believe this, combined with the full realization of our cost savings actions, puts us in line with the financial indications we highlighted in the previous earnings call.
“With the additional short-term liquidity provided by our existing lender group, we are fully f...
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28.04.26 - 14:06
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Sleep Number Announces Amendment to Credit Agreement (Business Wire)
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Agreement with Existing Lenders Provides Additional $55 Million of Liquidity, Including a $25 Million Term Loan, and Relief on Certain Financial and Liquidity Covenants
Company Remains Focused on New Product Rollout, New Marketing Campaign and Cost Management, while Evaluating Strategic Business Opportunities with its Advisors
Performance Remains on Track with Company's 2026 First Quarter Expectations; Company to Announce First Quarter Results on May 12, 2026MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number (Nasdaq: SNBR) announced today that it has reached an agreement with its lenders that provides additional $55 million of liquidity, including a $25 million term loan, and relief on certain financial and liquidity covenants. The agreement enables the company to continue to execute its turnaround plan, including its product and marketing initiatives, while continuing to evaluate strategic business and financing opportunities to deliver the best value.
“We are pleased to have reached an agreement with our len...
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