Reading SNBR? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track SNBR free→Reading SNBR? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track SNBR free→NASDAQConsumer DiscretionaryFurnishings, Fixtures & AppliancesSnapshot 2026-06-16
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak. Earnings quality cannot be assessed since the company was unprofitable over the past year. Management's recent track record has been unsteady, with frequent changes. Risk is elevated, and the sector backdrop is a headwind. Compared with sector peers, SNBR is below typical. The valuation inputs are not available. The read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 0 valuation methods, at three horizons. Current price $0.18. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Not enough valuation methods to set a 12-month read yet.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated weak grew net income 58% of the time over the next year (vs 57% for the rest of the cohort, n=2844).
Over the trailing year it converted 0.05x of net income into operating cash flow.
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates.
19 material management or governance events in the past 24 months, led by executive changes. Historically, Consumer Discretionary names rated volatile grew net income 58% of the time over the next year (vs 54% for the rest of the cohort, n=486).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.37 → $-0.36 (+3.6% / 30d). 2 raised, 1 cut, 3 covering analysts.
0 upgrades, 0 downgrades / 30d. 0% of analysts rate Buy.
1 positive, 4 negative / 30d. See F4 management tile for the event list.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$673.
How much price usually moves either way.
On a bad day, this stock has moved -$1,368.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $9,857.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
As of June 15, 2026, risk changed and rose to an elevated level. The sector backdrop remained a headwind. The company's recent financial performance was described as weak, and earnings quality was noted as loss-making. Management was characterized as volatile and capital unfriendly.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: The bankruptcy outcome will impact Sleep Number's ability to change and keep running. Investors need to know if the company can improve or face closing down.
Confirms:The court approves a plan that lets Sleep Number keep operating.
Disproves:The court rejects the plan, leading to liquidation.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
Threatens: Improve profitability
Bankruptcy undermines profitability and overall investment thesis.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Bankruptcy or Receivership. Voluntary Petition for Reorganization On June 12, 2026 (the “Petition Date”), Sleep Number Corporation (“Sleep Number” or the “Company”) and its subsidiaries (together with Sleep Number, the “Debtors”) filed voluntary petitions for relief (collectively, the “Bankruptcy Petitions”) under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). The Ba…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Home Furnishings.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
SNBR Sleep Number Corp. | Below typical Show detailsSector percentile: 6 of 100 | — | elevated |
SGI Somnigroup International | Below typical Show detailsSector percentile: 30 of 100 | expensive | moderate |
MHK Mohawk Industries | Above typical Show detailsSector percentile: 85 of 100 | fair | moderate |
ALH Alliance Laundry Holdings, Inc. | — | expensive | moderate |
LZB La-Z-Boy, Inc. | Above typical Show detailsSector percentile: 89 of 100 | fair | moderate |
Not investment advice. As of 2026-06-16.
via XLY
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on enhancing profitability through cost management and operational efficiency.
Aim to improve cash flow through operational adjustments and strategic initiatives.
Drive revenue growth through market expansion and product innovation.
Why it matters: Positive revenue growth shows sales are turning around. This is key for long-term success.
Confirms:Q2 revenue shows growth year over year.
Disproves:Q2 revenue continues to decline year over year.
Why it matters: Improved cash flow would show progress in management's goal to enhance cash flow. It could signal better financial health.
Confirms:Cash from operations turns positive in Q2 2026.
Disproves:Cash from operations stays negative in Q2 2026.
Threatens: Improve profitability
Bankruptcy filing severely undermines profitability and overall viability.
Threatens: Improve profitability
Bankruptcy undermines profitability and overall investment thesis.
Threatens: Improve profitability
Chapter 11 filing undermines profitability and cash flow objectives.
Threatens: Improve profitability
Chapter 11 filing undermines profitability and cash flow objectives.
Threatens: Improve profitability
Bankruptcy filing undermines profitability and overall investment thesis.
Entry into a Material Definitive Agreement On June 16, 2026, Sleep Number Corporation (“Sleep Number” or the “Company”) and its subsidiaries (together with Sleep Number, the “Debtors”) entered into the Fourteenth Amendment (the “DIP Amendment”) to Amended and Restated Credit and Security Agreement (the “Prepetition Credit Agreement”, and as amended by the DIP Amendment, the “DIP Credit Agreement”). Pursuant to the DIP Credit Agreement, the prepetition lenders under the Prepetition Credit Agre…
Entry into a Material Definitive Agreement The information set forth below in
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS On May 27, 2026, the Board of Directors (the “Board”) of Sleep Number Corporation (the “Company”), with the advice of its independent compensation consultant and its financial advisors, approved one-time cash retention awards (“Retention Awards”) to critical leaders, including named executive officers. In connection with the grants of the Retention…
Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement. As discussed in Item 1.03, on the Petition Date, the Debtors filed the Chapter 11 Cases in the Bankruptcy Court seeking relief under chapter 11 of title 11 of the Bankruptcy Code. The Debtors continue to operate their business and manage their properties as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicab…