Sleep Number Announces Record Third Quarter 2020 Results
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Sleep Number Corporation (SNBR) Tops Q3 EPS by 79c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus
October 14, 2020 4:06 PM EDTSleep Number Corporation (NASDAQ: SNBR) reported Q3 EPS of $1.79, $0.79 better than the analyst estimate of $1.00. Revenue for the quarter came in at $531.16 million versus the consensus estimate of $515.83 million.
Third quarter net sales grew 12% to a record $531 million, with demand growth of 16%Third quarter operating income grew 78% and diluted EPS grew 90% to a record $1.79Generated a 51% increase in year-to-date operating cash flows, and a trailing twelve-months ROIC of 20.8%Provides 2020 earnings outlook of... More