Short answer
Sleep Number Corp (SNBR) filed its Q2 2026 10-Q quarterly report on May 12, 2026 for the quarter ended Apr 4, 2026. Quarterly revenue was $319M (down 18.9% year over year) with net income of −$50M.
Q2 2026 key financials · XBRL
- Revenue
- $319M
- −18.9% YoY
- Net income
- −$50M
- −481.7% YoY
- Operating margin
- -11.6%
- Gross margin
- 57.9%
- EPS (diluted)
- −$2.19
- −476.3% YoY
Source: XBRL data from the Sleep Number Corp (SNBR) Q2 2026 10-Q on SEC EDGAR. USD.
Sleep Number Corp Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $319M, down 19% YoY from $393M; Total Retail comparable sales down 16%
- Gross margin 57.9% vs 61.2% YoY; operating margin negative 11.6% vs 0.5%
- Worst performer: retail comparable-store sales down 17%; online, phone and chat down 15%
- Operating cash flow used $8M vs $3M used YoY; free cash flow used $13M vs $7M
- $606M borrowings; substantial doubt over going concern and expected covenant noncompliance within twelve months
Risk Factors
- No material risk-factor changes disclosed from the most recent 10-K
- Liquidity risk: $348.1 million remaining under the $600 million share-repurchase authorization
- Financing risk: Thirteenth amendment to credit and security agreement dated April 27, 2026
- Compliance risk: Ongoing Sarbanes-Oxley certifications under Sections 302 and 906
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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