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    Matthew Mccartney • Wedbush Securities Inc.

    Matthew McCartney is a Senior Equity Research Associate at Wedbush Securities Inc., specializing in hardlines retail and consumer sectors. He covers firms such as Toll Brothers and collaborates on equity analysis with a successful track record, including outperformance ratings and precise EPS estimate revisions. McCartney began his equity research career at Northcoast Research Partners LLC in 2015 before joining Wedbush in 2017, and he previously held a principal role at the Ohio House of Representatives. He is a registered broker with FINRA, holding Series 7 and 63 securities licenses following his graduation from The Ohio State University.

    Matthew Mccartney's questions to Sleep Number Corp (SNBR) leadership

    Matthew Mccartney's questions to Sleep Number Corp (SNBR) leadership • Q4 2024

    Question

    Matthew Mccartney from Wedbush Securities Inc. questioned the reasons for the outsized decline in the online channel and asked for a breakdown of the drivers behind the higher average revenue per smart bed.

    Answer

    CEO Shelly Ibach attributed the online channel's weakness to pressure at the low end of the product line, specifically the Classic series. She stated that the increase in average revenue was primarily driven by a favorable product mix from the successful high-end Climate series, while total promotional spending as a percent of net sales remained flat year-over-year.

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    Matthew Mccartney's questions to Purple Innovation Inc (PRPL) leadership

    Matthew Mccartney's questions to Purple Innovation Inc (PRPL) leadership • Q3 2024

    Question

    Asked about the company's confidence in achieving profitability next year without assuming a market recovery, and inquired about performance during the Labor Day period relative to the industry.

    Answer

    Confidence in 2025 profitability stems from gross margin improvements and restructuring benefits, not from assumed volume growth. The company believes it is outperforming the industry year-to-date, as its sales are down less than 2% compared to a competitor's 10% decline.

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