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Stock impact report

Sleep Number Rockets Higher on Stronger-Than-Expected Earnings [TheStreet.com]

Sleep Number Corporation (SNBR) 
Last sleep number corporation earnings: 4/22 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.sleepnumber.com
Company Research Source: TheStreet.com
Sleep Number(SNBRGet ReportNet income totaled $39 million, or $1.36 a share, for the quarter, up from $25 million, or 80 cents, a year ago. Analysts polled by FactSet forecast 72 cents a share for the latest quarter.Sleep Number’s revenue registered $473 million in the latest quarter, up 11% from $426 million a year earlier. Analysts’ forecast revenue of $433 million.Sleep Number said it will reduce spending by $250 million for the full year compared to what it had planned before the coronavirus epidemic.The company has “significantly reduced capital expenditures, compensation, benefits and discretionary spending, and temporarily furloughed 40% of its team members, with approximately another 30% working reduced hours,” it said in a statement."As a purpose driven company, Sleep Number has been intently focused on keeping our team members safe, serving our customers and ensuring our business continuity during this time of uncertainty and disruption created by the Covid-19 pandemic," CEO Show less Read more
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