Sleep Number (SNBR) Q2 Revenue Falls 20%
Sleep Number (NASDAQ:SNBR), known for its smart beds and personalized sleep technology, released its most recent earnings on July 30, 2025, covering the second quarter of fiscal 2025. The company reported GAAP revenue of $327.9 million for Q2 2025, well below analyst expectations of $357.4 million (GAAP) and down 19.7% from $408.4 million in the prior-year period (GAAP net sales for Q2 2024). Sleep Number reported a net loss per share of $(1.09) (GAAP) for Q2 2025, compared to analyst loss expectations of $(0.11) and a loss of $(0.22) per share a year ago. Gross margin was 59.1%, consistent with Q2 2024, but the steep revenue miss and widening net loss signal a difficult and transitional quarter for the business.
Source: Analyst estimates for the quarter provided by FactSet.
Sleep Number builds and sells smart beds with embedded technology that adjusts firmness, position, and temperature to the individual sleeper. Its beds also collect and use sleep data to give customers personalized insights through its Sleep Number app. The company manages its own direct-to-consumer network, with nearly 88% of sales still coming from its proprietary store footprint.
Source Fool.com
