SNBR / Sleep Number stock tumbles after downbeat 2022 outlook ahead of results, CFO resigns

MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) will release its fiscal third quarter results through September 30, 2023, after more_horizontal

Sleep Number's business is negatively impacted by higher interest rates. Fortunately, the company isn't immediately impacted by macroeconomic conditio more_horizontal

Sleep Number is seeing declining sales as we come out of the COVID-19 pandemic. The company cannot generate consistent cash flow. more_horizontal

Sleep Number has a high-quality business model. Sleep Number is working through short-term challenges. I am willing to look foolish owning Sleep Numbe more_horizontal

Sleep Number posted sharp declines in sales and profits and cut its guidance for the year. Management expects demand to improve in the second half as more_horizontal

Sleep Number (NASDAQ: SNBR ) stock is falling on Friday following the release of its latest earnings report and a new CFO. That earnings report start more_horizontal

Sleep Number (SNBR) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compa more_horizontal

Stocks generally display positive momentum after a positive earnings report, which is the reason for selecting these three. more_horizontal