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, MN, US
Websitesleepnumber.com
Employee Ratings3
Overall CultureA-

Latest Updates

Employees (est.) (Dec 2019)2,253(-45%)
Job Openings396
Revenue (FY, 2019)$1.7 B(+11%)
Share Price (Jul 2021)$96.9
Cybersecurity ratingCMore

Key People/Management at Sleep Number

Shelly R. Ibach

Shelly R. Ibach

President and Chief Executive Officer
David R. Callen

David R. Callen

Executive Vice President and Chief Financial Officer
Melissa Barra

Melissa Barra

Executive Vice President and Chief Sales and Services Officer
Annie L. Bloomquist

Annie L. Bloomquist

Executive Vice President and Chief Innovation Officer
Kevin K. Brown

Kevin K. Brown

Executive Vice President and Chief Marketing Officer
Patricia A. Dirks

Patricia A. Dirks

Chief Human Resources Officer Emeritus
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Sleep Number Office Locations

Sleep Number has an office in Minneapolis
Minneapolis, MN, 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 $1.7 b in FY, 2019
USD

Revenue (FY, 2019)

1.7b

Gross profit (FY, 2019)

1.1b

Gross profit margin (FY, 2019), %

61.9%

Net income (FY, 2019)

81.8m

EBIT (FY, 2019)

112.1m

Market capitalization (22-Jul-2021)

2.4b

Closing stock price (22-Jul-2021)

96.9

Cash (28-Dec-2019)

1.6m

EV

2.9b
Sleep Number's current market capitalization is $2.4 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

743.2m935.0m960.2m1.2b1.2b1.3b1.4b1.5b1.7b

Revenue growth, %

20%5%8%

Cost of goods sold

272.9m338.4m358.4m449.9m472.9m501.1m547.2m603.6m646.4m

Gross profit

470.3m596.5m601.8m706.9m740.8m810.2m897.3m928.0m1.1b
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, 2018FY, 2019

Cash

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

Accounts Receivable

13.8m16.6m15.0m19.3m24.8m20.0m

Prepaid Expenses

5.8m4.3m9.2m17.6m8.0m15.3m

Inventories

24.9m35.6m40.2m53.5m86.6m75.0m84.3m84.9m87.1m
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, 2018FY, 2019

Net Income

60.5m78.1m60.1m68.0m50.5m51.4m65.1m69.5m81.8m

Depreciation and Amortization

13.5m20.4m30.8m39.8m47.6m57.2m61.3m62.0m61.9m

Inventories

(5.2m)(10.7m)(3.9m)(13.0m)(33.0m)11.6m(9.3m)(584.0k)(2.2m)

Accounts Payable

6.9m7.1m(3.5m)14.3m19.1m(5.0m)21.8m(9.9m)10.7m
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
USDQ2, 2012

Financial Leverage

2.2 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

463463467475488497506527540546540
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Sleep Number Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Sleep Number Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Sleep Number Online and Social Media Presence

Embed Graph

Sleep Number Company Culture

  • Overall Culture

    A-

    75/100

  • CEO Rating

    C+

    68/100

  • Compensation

    A

    82/100

  • Diversity

    B

    74/100

Learn more on Comparably

Sleep Number News and Updates

Sleep Number stock down nearly 10% as shortages crimp Q2 sales

Shares of Sleep Number Corp. fell more than 9% in the extended session Tuesday after the company reported second-quarter profit and sales below Wall Street expectations. Sleep Number said it earned $22.3 million, or 88 cents a share, in the quarter ended July 3, versus a loss of $13 million, or 45 …

Worldwide Mattress Topper Industry to 2031 - Featuring Sleep Number, Saatva and Parachute Home Among Others

Dublin, July 12, 2021 (GLOBE NEWSWIRE) -- The "Mattress Topper Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering. This study presents a wealth of information on key market dynamics, including drivers,…

Sleep Number misses Q1 sales on supply problem

Shares of Sleep Number Corp. fell in the extended session Wednesday after the retailer reported first-quarter earnings above Wall Street expectation and raised its guidance, but mentioned a supply snag that hit its sales in the quarter. Sleep Number said it earned $66.6 million, or $2.51 a share, i…

Sleep Number stock rallies on 'record' quarter for sales, profit

Sleep Number Corp. shares rallied more than 10% in the extended session Wednesday after the retailer reported fourth-quarter results well above Wall Street expectations, calling it a record period for results. Sleep Number said it earned $61.3 million, or $2.19 a share, compared with $24 million, o…

Sleep Number, Casper Sleep stocks go in opposite directions after BofA ratings moves

Shares of Sleep Number Corp. rallied 2.7% into record territory in afternoon trading Tuesday, after BofA Securities analyst Curtis Nagle upgraded the mattress maker, saying he was now "more positive" on forward earnings growth after several solid quarterly reports and continued industry strength. A…

Sleep Number Looks Attractive At $61

After a 25% rise since the beginning of this year, at the current price of around $61 per share, we believe Sleep Number Corp’s stock, a company designing and manufacturing adjustable-firmness mattresses, can continue to grow. This is taking into account the 12% year-over-year (y-o-y) revenue...
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Sleep Number Blogs

Can a Sleep Robot Help Your Sleep Problems?

A huggable companion to help you fall asleep faster, have a better night’s rest and wake up more energized. The Somnox sleep robot soothes you to sleep with calming sounds, simulated slow breathing rhythm and a comfy shape.   Is A Sleeping Soft Robot the Solution to Your Sleep Problems?   Ainnjay1 …

Healthier Alternatives to Common Sports Foods

Switch up your game-day menu with these healthier alternatives that won’t disrupt your sleep.   The COVID-19 pandemic has changed the world of sports. The NBA and NHL both suspended their seasons before resuming play inside a bubble. The MLB cut its season by more than 100 games. The NFL has limite…

A Protein-Rich Dinner for Sleep and Recovery

Try this nutrient-packed fish dinner with foods to help you sleep: cod for tryptophan, pistachios for melatonin and beets for a performance boost. It’s delicious, filling, and perfect any night of the week.   If you’re looking for simple ways to get a better night’s sleep, there are plenty of exper…

9 Ways to Stay Hydrated for a Great Night’s Sleep

Dehydration symptoms that wreak havoc on your sleep — here’s what you can do to wake up more hydrated.   You probably know that getting enough water during the day is important for your health, but you may not be aware that dehydration can also negatively affect your nightly snooze.   In fact, a 20…

Bedding Trend: How To Use Geometric Design In Your Bedroom

Geometric patterns are everywhere. Here’s why they’re popular and how you can incorporate them into your own space — from duvet covers to throw pillows.   “Used in even a small way, geometric design can make a big impact to a room. Have fun with it! Use a lot to create a bold look or…  

Top 6 Stories of 2020

Bedding, breakfasts, sleep hygiene — find out which sleep stories made their mark this year.   Self-care was top-of-mind for each of us as the first decade of the 21st century came to an end.   Here at the Sleep Number® blog, Hello. Good Night., we continued to publish helpful, informative, and upl…
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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 Shelly R. Ibach, David R. Callen and Melissa Barra.

  • How many employees does Sleep Number have?

    Sleep Number has 2,253 employees.

  • What is Sleep Number revenue?

    Latest Sleep Number annual revenue is $1.7 b.

  • What is Sleep Number revenue per employee?

    Latest Sleep Number revenue per employee is $753.8 k.

  • Who are Sleep Number competitors?

    Competitors of Sleep Number include My Pillow, Avocado Green Mattress and Us-mattress.

  • 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.