Sleep Number Reports Q3 2024 Earnings with Mixed Financial Results
Sleep Number (SNBR) reported Q3 2024 earnings with net sales of $427 million, down 10% year-over-year, but achieved a 340 basis points increase in gross margin to 60.8%. The company also announced CEO Shelly Ibach's retirement and updated full-year free cash flow guidance to $10 million to $20 million.
Tickers: $SNBR
Topics: CEO succession earnings report financial performance leadership change retirement