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Sleep Number (SNBR) Q4 2024 Earnings Call Transcript

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Welcome to Sleep Number's Q4 and full year 2024 earnings conference call. All lines have been placed in a listen-only mode until the question-and-answer session. Today's call is being recorded. If anyone has objections, you may disconnect at this time.
The article from AOL Finance discusses Sleep Number Corporation's (SNBR) Q4 2024 earnings. Sleep Number reported a significant year-over-year decline in net sales by 13%, totaling $473 million, which was below the expected $477.6 million. The company also experienced a net loss of $6.9 million, or $0.34 per share, compared to a net income of $1.5 million, or $0.07 per share, in the same quarter the previous year. Despite the downturn, Sleep Number's gross margin improved by 20 basis points to 56.9%, thanks to lower product and transportation costs. The company's CEO, Shelly Ibach, highlighted ongoing efforts to enhance customer experience and product innovation, although demand was impacted by macroeconomic challenges. Looking forward, Sleep Number anticipates a low single-digit percentage decline in net sales for 2024 but expects to return to positive net income in the second half of the year.

Read the Full AOL Article at:
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