Short answer
Sleep Number Corp (SNBR) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 27, 2025. Quarterly revenue was $343M (down 19.6% year over year) with net income of −$40M.
Q3 2025 key financials · XBRL
- Revenue
- $343M
- −19.6% YoY · +4.6% QoQ
- Net income
- −$40M
- −1168.8% YoY · −59.1% QoQ
- Operating margin
- -11.8%
- Gross margin
- 59.9%
- EPS (diluted)
- −$1.73
- −1230.8% YoY · −57.3% QoQ
Source: XBRL data from the Sleep Number Corp (SNBR) Q3 2025 10-Q on SEC EDGAR. USD.
Sleep Number Corp Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Turnaround strategy introduced Nov 2025 to reposition brand amid three-year industry recession and 20% sales decline
- Material update: Restructuring costs surged to $39M in Q3 2025 from $2M prior year due to contract terminations and asset impairments
- Regulatory/legal: $14M valuation allowance recorded on deferred tax assets related to interest expense, reflecting impairment concerns under tax rules
- Operational/market: 19% Total Retail comparable sales decrease in Q3 2025 driven by lower volume, reduced store count, and consumer spending pressures
- Financial risk: $580M borrowings under credit facility with amended covenant requiring minimum liquidity $30M through Sept 2026, rising to $40M thereafter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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