==Sleep Number (SNBR) reported earnings on Wed 31 July 24 (a/h)

 

Sleep Number beats by $0.18, misses on revs; guides FY24 revs in-line

Reports Q2 (Jun) loss of $0.22 per share, $0.18 better than the FactSet Consensus of ($0.40); revenues fell 11.0% year/year to $408.4 mln vs the $415.05 mln FactSet Consensus. Co issues in-line guidance for FY24, sees FY24 mid-single digit net sales decline, which translates to ~$1.79 bln vs. $1.78 bln FactSet Consensus.

Reiterate full-year 2024 adjusted EBITDA outlook of $125 million to $145 million. For the second half of the year, we expect demand and net sales to be flat to down low-single digits versus the prior year, as we lap easier comparisons from the prior year and benefit from demand driving initiatives. The company expects at least 100 basis points of gross margin rate improvement and $14 million of restructuring charges for the year. The company now expects to generate $50 million to $70 million of free cash flow with capital expenditures of $30 million.

Earnings this week : July 29 - Aug 2, 24 (wk 31)

Monday (July 29)

• Morning: AMG CTRI CNA HOPE IART MCD OIS ON PHG RVTY
• Afternoon: AMKR BYON BRX CHK CNO CDP CORT CR CWK CVI PLOW ESI EQR FFIV FLS HLIT HOLX KFRC LSCC LTC NEO PCH RMBS SAFE SANM SBAC ST SFM SYM TLRY TRNS VRNS WELL WWD

Tuesday (July 30)

• Morning: AGCO AEP AMT ADM ARCC AWI BP CECO CNP CVLT GLW CTS DTM EXP ECL EPD IT GPK HEES HAYW HWM HUBB ITW INCY IGT IPGP JBLU LDOS DRS LGIH MRK NEOG PYPL PFE PSX PHIN PJT PG PEG RGEN STNG SITC SPGI SOFI SWK SYY TRS UFPI WSO XYL ZBRA
• Afternoon: ATEN AKR AEIS AMD ACGL AROC ANET ATRC AXS AX BHE BLKB BXP CZR CCCS CRK DENN DV EA EQH EQC ESS EXR FSLR FE FRSH HA HLI HURN NARI INFA JBT KAI LSTR LMND LC LFUS LYV MTCH MSFT MOD MDLZ NMIH NOG NWE OI OVV PCRX PEN PINS POWL PRO PSA QRVO WTTR SWKS STAG SBUX SYK TEX TX UDR UMBF UNM VOYA WPC WERN WU ZWS

Wednesday (July 31)

• Morning: ADP ALGT AN ASC ATEC ATHM AVDX AVNS BA BG BLCO BWA CBZ CDW CHEF CLH CMCO CNH COCO COR DAN DAY DD DEA DFIN DSX EDU ENTG FVRR GEHC GNRC GRMN GSK GTES HES HESM HUM JCI KHC KKR LECO LIVN LNTH LXP MA MAC MAR MNRO MO NCLH OMF OPCH OSK OSW PAG PERI PNM PSN PUMP RDWR ROCK SAGE SCL SHOO SITE SLGN SMG SR STRA SXC TEVA THRM TKR TMUS TT TTMI ULS UMC UTHR VRSK WAT WEC WING XRAY
• Afternoon: ACHC ACLS AFL AIG ALB ALKT ALL AM ANSS APA AR ARM AVB AWK BALY BKH BV CAKE CCRN CDNA CFLT CGNX CHRW CNMD CODI COHU CRBG CTSH CTVA CVNA CWAN CWH DLX EBAY EG EIG ENVX EOLS EPR ERII ETD ETSY EVTC EXAS EXPI FCPT FICO FMC FORM GKOS GRBK GT HLF HST IEX IR IRT JAZZ KD KN KRC LRCX MAA MAX MCW MET META MGM MGY MTG MUSA MYRG NE NFG NGVT NMFC NOVA NRDS NTGR OLO PAYC PDM PGRE PK PPC PRDO PTC PTVE QCOM QDEL QGEN QTWO RDN RELY RGR RHP RIG RIOT RRX RSI SCI SDGR SNBR SON SUI TDOC TENB THG TMDX TS TSLX TTEK UDMY VAC VICI WDC WHD ZETA

Thursday (August 1) 

• Morning: ACIW ADT AER AGIO ALE ALGM ALNY AME APD APG APLS APO APPN APTV ARW ATUS AUPH AXTA BALL BAND BDC BDX BIGC BIIB BIP BPMC BTU BUD CAMT CI CMI COP CROX CRTO CWEN CWT D DINO DNB DRVN ECVT ES ETN ETR EVGO EXC EXLS FTDR GWW HII HOUS HSY HTZ IBP ICE IDA IDCC INMD IONS IRM ITRI ITT JHG K KEX KIM KRP KTB LAD LAUR LH LNC LPG LTH MBLY MGPI MIDD MRNA MT MTSI NBIX NSIT NSP NVRI OCSL OMCL PACK PATK PBF PNW PWR RBLX REGN RUSHA SABR SHAK SIRI SNDR SO SPNS STGW SWI TFX THRY TNK TPB TRN UNIT UPBD UTZ VCEL VNT W WCC WEN XEL XPO
• Afternoon: AAON AAPL ACA ACCO ADPT AEE AL ALHC ALTR AMH AMZN ARDX ASUR BBAI BECN BFAM BIO BKNG BZH CABO CC CE CIVI CLFD CLX COIN CPT CRSR CTOS CTRA CUBE CWST DASH DKNG DORM DRH ED ELME EOG FDP FND FOXF FRT GDDY GDYN GEN HCC HTGC HUBG IAS ICFI INST INTC IRTC LASR LEG LMAT LNT LOCO MARA MATX MCHP MIR MMSI MP MPWR MSI MSTR MTD MTZ NET NXT OEC OHI OLED OPEN PCOR PCTY POST PRCT PRU REG RGA RGNX RKT RLJ RMD RNG ROKU RYAN SEM SIMO SKT SNAP SNDX SPT SPXC SQ SWN TEAM TNDM TROX TWLO VCTR VIR VREX VRTX VTR WK WSC X XHR XPOF

Friday (August 2) 

• Morning: ABG ARCB ARES ATMU BERY BTSG CBOE CHD CNK CVX ESAB ESNT FLGT FYBR GTLS HR IMO LIN LYB MOG.A NMRK NWN OMI PAA PIPR PPL PRGO PRLB RBC SNCY TILE TWST XOM
• Afternoon: AMC AES

This week's biggest % winners & losers : July 22 - 26, 19 (wk 30)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: ANIK (55.85 +37.49%), GHDX (68.66 +22.67%), SLDB (5.82 +22.27%), THC (22.01 +21.74%)
• Materials: CSTM (12.66 +23.87%)
• Industrials: UPS (120.58 +16.72%)
• Consumer Discretionary: SNBR (49.43 +23.11%), MTH (64.81 +19.33%), MAT (14.17 +18.18%)
• Information Technology: NTGR (34.25 +28.71%), MANH (88.44 +24.34%), TER (56.35 +22.61%), TYPE (20 +19.55%), TTD (278.55 +18.38%)
• Financials: EHTH (108.4 +24.83%), LOB (20.37 +24.36%), ENVA (25.23 +18.51%)
• Consumer Staples: VGR (11.15 +16.88%)

This week's top % losers

• Healthcare: ALGN (198.84 -29.29%), ITCI (8.37 -29.19%), MMSI (41 -25.48%), DVAX (2.8 -23.5%), LNTH (22.77 -19.43%), GLYC (9.18 -17.82%), NXGN (16.31 -16.7%)
• Industrials: FIX (41.64 -20.23%), HCSG (24.86 -17.98%)
• Consumer Discretionary: IRBT (74.51 -17.61%), TUP (14.81 -17.58%)
• Information Technology: CARB (18.01 -27.5%), PTC (73.36 -16.63%)
• Energy: BPT (9.08 -30.21%), REI (2.41 -18.86%), UNT (6.32 -16.73%), SWN (2.04 -16.39%), COG (19.16 -14.16%)
• Consumer Staples: TPB (41.86 -21.83%)
• Utilities: JE (3.6 -18.18%)

=Sleep Number (SNBR) reported earnings on Thur 25 July 2019 (a/h)

Sleep Number beats by $0.11, beats on revs; guides FY19 EPS in-line

Reports Q2 (Jun) earnings of $0.14 per share, $0.11 better thanthe S&P Capital IQ Consensus of $0.03; revenues rose 12.5% year/year to $355.96 mln vs the $336.3 mln S&P Capital IQ Consensus.

• Revs increase includes an 8% comparable sales gain and 5 percentage points of growth from new stores
• discrete tax items benefited current year second quarter EPS by four cents and the prior year by eight cents
• Gross profit rate increased 130 basis points to 61.0% of net sales compared with 59.7% for the same period last year

Co issues in-line guidancefor FY19, sees EPS of $2.35-2.75 vs. $2.45 S&P Capital IQ Consensus.

• The outlook for the second half of 2019 includes mid- to high-single digit net sales growth and a 25% effective income tax rate. The company anticipates 2019 full-year capital expenditures to be $50 million to $60 million. 

Earnings this week : July 22 - 26, 19 (wk 30)

Monday (July 22)

• Morning: CALM GNC HAL RPM
• Afternoon: AKR BRO CR ELS HSTM HXL HMST LOGI AMTD WHR

Tuesday (July 23)

• Morning:  ATI AN BIIB CNC CIT KO HOG HAS IPG IRDM JBLU LMT PII DGX SHW SWK TTS TRU UTX
• Afternoon: CNI CMG DFS EW IRBT MANH SNAP TXN V

Wednesday (July 24)

• Morning: ANTM BA T BSX CAT CHKP FCX GWW HLT LAD MHO NDAQ NTRS NOC NSC OC TUP 
• Afternoon: ALGN ALGT AMP ANIK ARI ASGN BCOV CERN CLS CLB COR CUZ ECHO FFIV FB F GGG HP HNI KRA LSTR LVS LMAT MLNX NTGR ORLY OII PYPL NOW TSLA VAR XLNX

Thursday (July 25)

• Morning: MMM AAN ABB AAL BUD AZN BWA BMY CMCSA DLX DBD HSY LNTH TREE MNRO NVCR PRLB LUV TSCO WWE
• Afternoon: ALK GOOG AMZN BJRI COLM DECK BOOM ENVA EXPE FTV JNPR MAT MGM MXL PEB PFPT PRO SNBR SBUX SYK VRSN UHS

Friday (July 26) 

• Morning: ABBV ABG COG CHTR CL ROCK GT ITW MCD TYPE PSX TWTR WETF 

This week's biggest % winners & losers : April 15 - 19, 2019 (wk 16)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: ARQL (6.54 +17.63%), CTLT (43.97 +12%)
• Industrials: ADSW (32.83 +20.97%), BGG (14.1 +12.35%), PATK (55.13 +12.08%), MRTN (20.44 +11.69%)
• Materials: AMRS  (5.02  +74.91%)
• Consumer Discretionary: NEW (13.14 +31.93%), ADNT (25.91 +24.99%), TLRD (8.23 +10.62%), GOOS (52.68 +9.89%)
• Information Technology: QCOM (79.89 +40.28%), EFII (37.51 +27.59%), ADTN (16.59 +15.29%)
• Financials: QD (6.60 +15.59%)
• Energy: MDR (9.92 +10.22%)
• Consumer Staples: SFS (6.52 +18.33%), PPC (25.82 +11.15%), ELF (12.96 +10.96%), MGPI (87.3 +10.31%),

This week's top 20 % losers

• Healthcare: APHA (7.65 -24.26%), THC (23.41 -19.3%), INSP (47.07 -18.58%), COLL (13.52 -18.51%), MDGL (105.56 -16.77%), MNK (18.23 -16.18%), TBIO (9.99 -16.05%), STAA (31.21 -14.94%), IONS (72.99 -13.73%), PRQR (11.34 -13.37%)
• Consumer Discretionary: SNBR (39.16 -19.72%), SKX (31.60  -8.17%)
• Information Technology: STNE (26.51 -24.79%), CEVA (23.3 -19.04%)
• Financials: EHTH (54.76 -17.26%)
• Energy: ROAN (4.43 -22.82%), ALTM (5.00 -14.53%), GPOR (6.69 -13.57%)

-=Sleep Number (SNBR) reported earnings on Wed 17 Apr 2019 (a/h)

• Sleep Number reports first-quarter sales that fall short of analyst expectations.
• The mattress maker's stock tumbles nearly 19% in Thursday afternoon trading.

Shares of Sleep Number SNBR were down as much as 19% on Thursday afternoon, a day after reporting first-quarter sales that fell short of analyst expectations.

The company's net sales rose 10% to $426.4 million, below estimates of $427.5 million, according to data from Refinitiv. Same-sales also fell short of analysts' expectations, rising only 5% compared with 6.2% as originally projected. And gross margin of 61.5% posted below the 61.9% estimate.

However, the mattress maker's earnings were 80 cents per share, exceeding analysts' forecasts of 73 cents.

Despite lackluster first-quarter sales, the Minneapolis-based company reiterated its outlook for 2019 profit of $2.25 to $2.75 per share.

The bedmaker's stock was priced as low as $38.88 on Thursday afternoon.

Earnings this week : April 15 - 19, 2019 (wk 16)

Monday (April 15)

• Morning: APHA C GS MTB
• Afternoon: JBHT PNFP WTFC

Tuesday (April 16)

• Morning: BAC   BLK CMA FHN JNJ OMC PGR PLD UNH WIT
• Afternoon: CSX FULT HWC HOPE IBM IBKR MRTN MLNX NFLX UAL WSBC

Wednesday (April 17)

• Morning: ABT ASML BMI BK ERIC KSU MS PNR PEP POL TXT USB
• Afternoon: ADTN AA TEAM BXS OZK CATY CNS CCK CCI ETFC EGBN KMI LVS LLNW PIR PLXS SLM SLG SNBR TCBI TMK TBK UMPQ URI

Thursday (April 18)

• Morning: ALLY AXP BBT BX GTLS CHKP CFG DHR DOV EWBC GPC HTLD HOMB HON IIIN KEY MAN PM POOL BPOP PPG RF RCI SASR SLB SKX SNA SON STI SYF TSM TRV UNP WBS
• Afternoon: EXPO ISRG PBCT

Friday (April 17) : Bond and equity markets closed for Good Friday

Other reports this week:

• Monday: April Empire State Manufacturing Index (prior 3.7) at 8:30 ET and February Net Long-Term TIC flows (prior -$7.20 bln) at 16:00 ET
• Tuesday: March Industrial Production (prior 0.1%) and Capacity Utilization (prior 78.2%) at 9:15 ET and April NAHB Housing Market Index (prior 62) at 10:00 ET
• Wednesday: Weekly MBA Mortgage Index (prior -5.6%) at 7:00 ET; February Trade Balance (prior -$51.10 bln) at 8:30 ET; February Wholesale Inventories (prior 1.4%) at 10:00 ET; Weekly crude oil inventories (prior 7.0 mln) at 10:30 ET; and April Fed Beige Book at 14:00 ET
• Thursday: March Retail Sales (prior -0.2%), Retail Sales ex-auto (prior -0.4%), Initial Claims (prior 196,000), Continuing Claims (prior 1.713 mln), and Philadelphia Fed Survey (prior 13.7) at 8:30 ET; February Business Inventories (prior 0.8%) and March Leading Indicators (prior 0.2%) at 10:00 ET; and weekly natural gas inventories (prior +25 bcf) at 10:30 ET

Implied moves for earnings this week:

• $NFLX 8.1%
• $BAC 4.2%
• $C 4.1%
• $GS 4.7%
• $JNJ 3.1%
• $IBM 5.3%
• $CSX 4.2%
• $UAL 5.1%
• $ABT 3.6%
• $TEAM 9.4%
• $MS 4.5%
• $AA 7.4%
• $PEP 2.3%
• $ISRG 3.5%
• $UNH 4.7%
• $BLK 3.1%
• $LVS 4.3%

-=Sleep Number (SNBR) reported earnings on Wed 24 Oct 2018 (a/h)

Sleep Number misses by $0.20, reports revs in-line; reaffirms FY18 EPS guidance

• Reports Q3 (Sep) earnings of $0.52 per share, $0.20 worse than the S&P Capital IQ Consensus of $0.72; revenues rose 3.0% year/year to $414.78 mln vs the $411.12 mln S&P Capital IQ Consensus. Flat comps.
  • One week of deliveries ($24 million) shifted into the fourth quarter due to the timing of accelerated sales order growth; adjusted net sales increased 12%
• Co reaffirms guidance for FY18, sees EPS of $1.85 vs. $1.81 S&P Capital IQ Consensus.
  • he outlook assumes mid-single-digit sales growth for 2018. The company anticipates 2018 capital expenditures to be approximately $50 million.
• Co states, "The timing of robust sales order growth in the quarter shifted deliveries from the third to the fourth quarter. Double-digit sales order growth has continued into October. We are confident in the performance of our business and reiterate our 2018 full-year EPS guidance midpoint of $1.85."

=Sleep Number (SNBR) reported earnings on Wed 18 Apr 2018 (a/h)

Sleep Number misses by $0.04, misses on revs; reaffirms FY18 EPS guidance 

• Reports Q1 (Mar) earnings of $0.52 per share, $0.04 worse thanthe Capital IQ Consensus of $0.56; revenues fell 1.2% year/year to $389 mln vs the $396.68 mln Capital IQ Consensus.
• Co reaffirms guidance for FY18, sees EPS of $1.70-2.00 vs. $1.88 Capital IQ Consensus Estimate.
  • The outlook assumes mid- to high-single digit sales growth for 2018.
• Gross profit rate of 61.1% versus 62.6% for the same period last year, primarily due to inefficiencies of operating two supply chains as we transition to 360 smart beds

Select Comfort (SCSS) reported earnings on Tue 17 Oct 2017 (a/h)

• Select Comfort (SCSS) changed their corporate name to Sleep Number (SNBR) in November 2017.

** charts after earnings **

 

MINNEAPOLIS (AP) _ Select Comfort Corp. (SCSS) on Tuesday reported third-quarter profit of $25.6 million.

The Minneapolis-based company said it had profit of 62 cents per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The seller of beds, mattresses and bedding products posted revenue of $402.6 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $415.1 million.

Select Comfort expects full-year earnings to be $1.30 to $1.45 per share.

Select Comfort shares have increased 34 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $30.23, a rise of 44 percent in the last 12 months.