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Sleep Number Q1 FY26 net loss widens to $50 million; net sales drop 18.9% to $319 million

PUBT·05/12/2026 11:04:38
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Sleep Number Q1 FY26 net loss widens to $50 million; net sales drop 18.9% to $319 million
  • Sleep Number posted Q1 net loss of USD 50 million, widening from a year earlier; net loss per share widened to USD 2.19.
  • Net sales fell 18.9% to USD 319 million; gross margin narrowed 3.3 percentage points to 57.9%.
  • Adjusted EBITDA dropped 74% to USD 6 million, with margin sliding to 1.8%.
  • Restructuring and other non-recurring costs totaled USD 22 million; free cash flow was a use of USD 13.2 million.
  • CEO Linda Findley said year-over-year demand improved through the quarter, ending with March growth, while lender agreements added USD 55 million of incremental liquidity as the company evaluates strategic and financing options for a long-term capital solution.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sleep Number Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260511595090) on May 12, 2026, and is solely responsible for the information contained therein.