OverviewSuggest Edit

Sleep Number Corporation provides sleep solutions and services. It designs, manufactures, markets, retails and services beds and bedding accessories, such as mattresses, adjustable bases, pillows, sheets, and other bedding products under the Sleep Number and FlextFit brands. The Company sells its products directly to consumers through retail, online and phone, as well as through wholesale.

TypePublic
Founded1987
HQMinneapolis, US
Websitesleepnumber.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Dec 2018)4,161(+4%)
Job Openings297
Revenue (FY, 2018)$1.5 B(+7%)
Share Price (Dec 2019)$49.4 (+3%)

Key People/Management at Sleep Number

Annie L. Bloomquist

Annie L. Bloomquist

Senior Vice President and Chief Product Officer
Kevin K. Brown

Kevin K. Brown

Senior Vice President and Chief Marketing Officer
David R. Callen

David R. Callen

Senior Vice President and Chief Financial Officer
Andy P. Carlin

Andy P. Carlin

Executive Vice President, Chief Sales and Service Officer
Patricia A. Dirks

Patricia A. Dirks

Senior Vice President and Chief Human Capital Officer
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Sleep Number Office Locations

Sleep Number has an office in Minneapolis
Minneapolis, US (HQ)
1001 3rd Ave S
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Sleep Number Financials and Metrics

Sleep Number Revenue

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Sleep Number's revenue was reported to be $1.53 b in FY, 2018
USD

Revenue (Q3, 2019)

474.8m

Gross profit (Q3, 2019)

296.4m

Gross profit margin (Q3, 2019), %

62.4%

Net income (Q3, 2019)

28.1m

EBIT (Q3, 2019)

39.2m

Market capitalization (6-Dec-2019)

1.4b

Closing stock price (6-Dec-2019)

49.4

Cash (28-Sept-2019)

1.5m

EV

1.9b
Sleep Number's current market capitalization is $1.4 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

743.2m935.0m960.2m1.2b1.2b1.3b1.4b1.5b

Revenue growth, %

20%5%8%

Cost of goods sold

272.9m338.4m358.4m449.9m472.9m501.1m547.2m603.6m

Gross profit

470.3m596.5m601.8m706.9m740.8m810.2m897.3m928.0m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

161.5m199.6m262.4m205.2m246.8m258.2m207.4m263.7m234.8m323.4m373.9m349.8m275.3m353.0m276.9m368.0m393.9m284.7m402.6m388.6m316.3m414.8m426.4m356.0m474.8m

Cost of goods sold

59.0m73.8m98.1m73.6m86.1m94.8m76.0m97.3m92.4m124.8m140.3m134.0m104.8m143.9m105.6m135.6m147.4m108.1m149.2m151.2m127.5m164.3m164.2m138.8m178.4m

Gross profit

102.5m125.8m164.3m131.6m160.7m163.4m131.4m166.4m142.4m198.6m233.6m215.8m170.5m209.1m171.3m232.3m246.5m176.6m253.5m237.5m188.9m250.5m262.2m217.2m296.4m

Gross profit Margin, %

63%63%63%64%65%63%63%63%61%61%62%62%62%59%62%63%63%62%63%61%60%60%61%61%62%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

116.3m87.9m58.2m52.0m21.0m11.6m3.7m1.6m

Accounts Receivable

13.8m16.6m15.0m19.3m24.8m

Prepaid Expenses

5.8m4.3m9.2m17.6m8.0m

Inventories

24.9m35.6m40.2m53.5m86.6m75.0m84.3m84.9m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

57.6m96.4m150.9m90.3m110.4m84.8m58.2m81.3m60.4m37.1m78.4m72.7m46.4m26.1m29.5m2.4m45.4m36.5m2.1m29.9m2.3m2.4m1.2m1.7m1.7m1.5m

Accounts Receivable

7.1m8.0m12.5m10.9m15.2m14.5m14.4m15.2m20.2m23.5m23.7m18.2m24.5m21.1m21.8m22.1m24.1m18.6m19.6m25.5m

Prepaid Expenses

7.7m6.9m5.1m6.9m8.1m7.0m9.1m8.9m12.0m16.4m12.0m10.7m10.7m10.2m9.3m10.6m9.8m10.0m14.3m11.0m

Inventories

20.6m21.0m24.9m27.3m29.0m31.0m34.5m41.3m44.6m43.2m48.7m77.8m56.0m68.4m81.0m73.7m70.6m66.9m69.9m79.2m86.8m90.2m91.0m83.3m87.9m86.5m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

60.5m78.1m60.1m68.0m50.5m51.4m65.1m69.5m

Depreciation and Amortization

13.5m20.4m30.8m39.8m47.6m57.2m61.3m62.0m

Inventories

(5.2m)(10.7m)(3.9m)(13.0m)(33.0m)11.6m(9.3m)(584.0k)

Accounts Payable

6.9m7.1m(3.5m)14.3m19.1m(5.0m)21.8m(9.9m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

11.3m45.1m22.4m39.4m65.6m23.5m33.4m53.7m17.0m25.5m49.0m71.7m28.8m39.8m13.0m14.4m40.1m24.5m23.7m49.3m20.5m24.3m42.5m25.4m29.7m57.8m

Depreciation and Amortization

9.8m4.2m9.0m14.4m6.7m14.2m22.2m9.2m19.2m29.6m33.7m10.8m21.9m13.9m28.0m42.6m16.2m31.2m46.0m15.7m31.1m46.7m15.7m31.2m46.3m

Inventories

(1.3m)(33.0k)(2.4m)(4.1m)5.3m1.8m(5.1m)(4.4m)(3.0m)(8.6m)(24.1m)(2.5m)(14.8m)5.6m12.9m16.0m8.2m5.2m(4.2m)(2.5m)(5.9m)(6.7m)1.6m(3.0m)(1.6m)

Accounts Payable

2.9m6.6m202.0k10.6m13.0m(1.7m)11.0m3.6m(1.0m)27.4m24.6m7.5m7.9m(495.0k)(15.3m)(1.0m)(1.4m)11.9m33.3m123.0k(4.9m)26.0m5.9m12.4m45.1m
USDY, 2019

EV/EBIT

48.8 x

EV/CFO

10.1 x

Debt/Equity

-3.1 x

Debt/Assets

0.6 x

Financial Leverage

-4.9 x
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Sleep Number Operating Metrics

Sleep Number's Average Revenue per Store was reported to be $2.3k in Q2, 2018. Sleep Number's Stores was reported to be 540 in Q2, 2018.
FY, 2014Q1, 2016Q2, 2016Q3, 2016FY, 2015Q1, 2017Q2, 2017Q3, 2017FY, 2016Q1, 2018Q2, 2018

Average Revenue per Mattress Unit

$3.67 k$3.92 k$4.08 k$3.99 k$4.03 k$3.98 k$4.21 k$3.96 k$4.05 k$4.05 k$4.31 k

Average Revenue per Store

$2.33 m$2.42 k$2.48 k$2.26 k$2.38 m$2.36 k$2.33 k$2.25 k$2.36 m$2.37 k$2.34 k

Revenue per Average Gross Square Foot

$1.03 k$1.04 k$1.05 k$1.06 k$980 $960 $937 $895 $937 $926 $906

Stores

463 463 467 475 488 497 506 527 540 546 540
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Sleep Number Online and Social Media Presence

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Sleep Number News and Updates

Sleep Number stock rallies 13% after company beats earnings views

Shares of Sleep Number Corp. rallied more than 13% in the extended session Thursday after the mattress maker reported better-than-expected quarterly earnings and tweaked higher its profit outlook for the year. Sleep Number said it earned $4.3 million, or 14 cents a share, in the quarter, compared w…

$1.9 Bn Bed Monitoring System & Baby Monitoring System Markets, 2024 - Key Players are Early Sense, EMFIT, Eight Sleep, Smart Caregiver, Wellsense, Tekscan, Lenovo and Sleep Number

DUBLIN, June 18, 2019 /PRNewswire/ -- The "Bed Monitoring System & Baby Monitoring System Market by Type (Baby Monitor (Sensor & Wearable), Pressure Ulcer, Elderly Monitor, Sleep Monitor), End User (Home Care, Nursing Home & Assisted Living Facilities) - Global Forecast to 2024" report..…

Sleep Number stock slumps more than 10% after earnings

Sleep Number Corp. shares dropped more than 10% in after-hours trading Wednesday after the mattress maker reported quarterly earnings. Sleep Number reported profit of $25.4 million, or 80 cents a share, on revenue of $426.5 million, up from earnings of 52 cents a share on sales of $388.6 million a…

Sleep Number stock jumps 10% on company's earnings beat, 2019 guidance

Shares of Sleep Number Corp. rose more than 10% in the extended session Wednesday after the mattress company reported fourth-quarter earnings above Wall Street expectations and called for bigger profit in 2019. Sleep Number said it earned $27 million, or 81 cents a share, in the quarter, compared w…

Double Mattresses Market Growing Popularity and Emerging Trends in the Market | Tempur Sealy, Sleep Number, Hilding Anders, Mengshen, Airland

A new business intelligence report released by HTF MI with title "Global Double Mattresses Market Insights, Forecast to 2025" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The…

Sleep Number beds don't record you while you're sleeping, but the company considered it

The manufacturer of Sleep Number beds was embroiled in a minor controversy this weekend when some concerned customers spotted a privacy policy caveat that indicated the beds could monitor consumers via audio for "snoring problems."
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Sleep Number Blogs

How Tech Helps Justin Thrive [Insider Story]

Hi, Justin! Let’s start with your job. Can you tell us a bit about what you do? I work on the back end of designing modules and course structure for online courses for an organization called World Services for the Blind. It’s kind of like vocational training for blind and visually impaired people. …

More Than Football: Coolest NFL Side Hustles

From July to February, it’s all gridiron, all the time for NFL players. But that leaves more than half the year away from the field. And while recovering from the season and training for the next one can take much of their time, some players take the off-season to pursue their other passions and pr…

3 Military Families Get a Pleasant Surprise

When he returns home to the Dallas area from deployment to Afghanistan this December, Jerrod Kennemur, a U.S. Army National Guard, will trade a standard-issue military twin mattress for a customizable Sleep Number 360® smart bed. His new bed, along with with Sleep Number beds for his two children, …

Gym Keeps This Texas Senior Couple in Shape and in Love

For Jim and Stanya Owen, keeping love alive after 50 years of marriage can mean fun and games — and some serious gym time. Every Valentine’s Day, the couple, both age 78, continue a tradition started when they were young and couldn’t afford an elaborate holiday celebration. They hide greeting cards…

Catch Up on Self-Care (While He Catches the Game)

Losing your spouse to football season may not be a bad thing. While he’s busy, you can focus on your preferences. Whether you’re into a day off by yourself at the museum, a much-needed yoga session, or simply enjoying an afternoon shopping with an old friend, spending time apart for a little self-c…

Self-Care For the Real World

Why it’s important to make time for yourself — and how to do it, even on a busy schedule. Self-care — sure, it would be nice to get weekly manicures and monthly spa appointments, and journal for an hour a day and eat only perfect food. But who has the time? “The way we like…  
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Sleep Number Frequently Asked Questions

  • When was Sleep Number founded?

    Sleep Number was founded in 1987.

  • Who are Sleep Number key executives?

    Sleep Number's key executives are Annie L. Bloomquist, Kevin K. Brown and David R. Callen.

  • How many employees does Sleep Number have?

    Sleep Number has 4,161 employees.

  • What is Sleep Number revenue?

    Latest Sleep Number annual revenue is $1.5 b.

  • What is Sleep Number revenue per employee?

    Latest Sleep Number revenue per employee is $368.1 k.

  • Who are Sleep Number competitors?

    Competitors of Sleep Number include Kaufmann Mercantile, Williams-Sonoma and Wayfair.

  • Where is Sleep Number headquarters?

    Sleep Number headquarters is located at 1001 3rd Ave S, Minneapolis.

  • Where are Sleep Number offices?

    Sleep Number has an office in Minneapolis.

  • How many offices does Sleep Number have?

    Sleep Number has 1 office.