New insider activity at Sleep Number ( (SNBR) ) has taken place on August 4, 2025.
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Interim CFO Robert Ryder has made a significant investment in Sleep Number by purchasing 15,000 shares of the company’s stock. This transaction is valued at $102,160, highlighting Ryder’s confidence in the company’s future prospects.
Recent Updates on SNBR stock
In the last 24 hours, Sleep Number Corp reported a significant decline in Q2 net sales by 19.7% to $328 million, resulting in a net loss of $25 million. Despite these challenges, the company maintained a stable gross profit margin of 59.1% and achieved substantial cost reductions, surpassing initial targets with $130 million in savings for 2025. The company is actively addressing its capital structure and debt leverage, with a leverage ratio nearing the covenant maximum, indicating a need for careful debt management. Strategic initiatives include enhancing marketing efficiency, optimizing product offerings, and improving consumer engagement, aimed at stabilizing and eventually growing the business. The company anticipates a 14% decline in full-year net sales for 2025 but remains optimistic about sequential topline improvements driven by strategic changes and cost management efforts. The recent appointment of Bob Ryder as interim CFO is part of efforts to focus on the company’s debt structure and long-term success.
Spark’s Take on SNBR Stock
According to Spark, TipRanks’ AI Analyst, SNBR is a Neutral.
Sleep Number’s overall stock score is driven primarily by its financial difficulties, including negative equity and declining revenues. Although there are strategic efforts to reduce costs and improve efficiency, these have not yet translated into improved financial health. Technical indicators and valuation also present challenges, while recent corporate events indicate ongoing governance and strategic shifts.
To see Spark’s full report on SNBR stock, click here.
More about Sleep Number
YTD Price Performance: -52.24%
Average Trading Volume: 634,231
Technical Sentiment Signal: Strong Sell
Current Market Cap: $162.6M