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Sleep Number Corporation is a wellness technology company that specializes in the design, manufacturing, marketing, and distribution of innovative sleep solutions. The company is dedicated to improving the health and well-being of society through higher-quality sleep, offering products that integrate physical and digital innovations. Sleep Number sells smart beds, adjustable bases, and bedding, primarily to individual consumers in the United States through various retail channels.
- 360 Smart Beds - Offers personalized comfort with firmness adjustability and embedded digital sensors that learn individual sleep needs. Features "sense and do" technology for automatic adjustments and active temperature balancing for an ideal sleep climate.
- Smart Adjustable Bases - Complements smart beds by providing adjustable support and enhancing the overall sleep experience.
- Bedding - Includes a range of products designed to work with smart beds to enhance sleep quality.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Shelly R. Ibach ExecutiveBoard | Chair, President, and CEO | Chairperson of the Minnesota chapter of CEOs Against Cancer; Executive Committee Member, Minnesota Business Partnership. | Longest-tenured female public company CEO in Minnesota; led Sleep Number's transformation into a sleep wellness technology company. | View Report → |
Andrea L. Bloomquist Executive | EVP and Chief Innovation Officer | None | Leads Sleep Number's sleep innovation strategy; joined in 2008 and promoted to current role in 2020. | |
Christopher D. Krusmark Executive | EVP and Chief Human Resources Officer | None | Joined in 2005; promoted to CHRO in 2020; served as Interim CFO from January to August 2023. | |
Francis K. Lee Executive | EVP and CFO | None | Joined in 2023; previously CFO at Wyze Labs and held leadership roles at Nike, Gap, and Marakon Associates. | |
Kevin K. Brown Executive | EVP and Chief Marketing Officer | None | Joined in 2014; oversees brand marketing, communications, and loyalty programs. | |
Melissa Barra Executive | EVP and Chief Sales and Services Officer | None | Joined in 2013; leads customer-focused strategy, including sales, real estate, and customer relationships. | |
Samuel R. Hellfeld Executive | EVP, Chief Legal and Risk Officer | None | Leads legal and risk management functions; confirmed active as of November 2024. | |
Angel L. Mendez Board | Director | Executive Chairman of LevaData; Board Member at Kinaxis and Peloton Interactive. | Appointed in 2022; recognized leader in digital supply chains with over three decades of experience. | |
Barbara R. Matas Board | Director | Director at MidCap Financial Investment Corporation, BRP Group, and MMAIPL. | Director since 2016; extensive experience in corporate finance and capital allocation. | |
Brenda J. Lauderback Board | Director | Director at Denny’s Corporation and Wolverine World Wide, Inc.. | Director since 2004; recognized as one of the Top 100 Directors by NACD in 2017. | |
Deborah L. Kilpatrick Board | Director | Executive Chair of Evidation Health; Board Member at NextGen Jane and The Task Force for Global Health. | Director since 2018; recognized for her expertise in medical devices and digital health products. | |
Hilary A. Schneider Board | Director | Board member at DigitalOcean, Getty Images, and Vail Resorts; Strategic Advisor at Shutterfly, TPG, and Water.org. | Appointed in 2023; former CEO of Shutterfly and LifeLock; extensive experience in consumer technology and corporate governance. | |
Michael J. Harrison Board | Independent Lead Director | Non-Executive Chairman of Seasalt Holdings; Board Member at OOFOS. | Director since 2011; appointed Lead Director in 2022; extensive board governance experience. | |
Phil Eyler Board | Director | President, CEO, and Board Member of Gentherm Incorporated. | Appointed in 2022; visionary leader with expertise in connected technologies and innovation. | |
Stephen E. Macadam Board | Director | Chairman of Atmus Filtration Technologies, Veritiv Corporation, and Director at Louisiana-Pacific Corporation. | Appointed in 2023; former CEO of EnPro Industries and BlueLinx Holdings. | |
Stephen L. Gulis, Jr. Board | Director | Director at Independent Bank Corporation. | Director since 2005; Chair of the Audit Committee; recognized as an "audit committee financial expert" under SEC rules. |
- Given that you did not experience the expected demand improvement in Q3 and are not planning for improvement in Q4, what specific actions are you taking to stimulate consumer demand amid ongoing macroeconomic challenges?
- With operating expenses reduced by $17 million in Q3 and $60 million year-to-date, are these cost reductions sustainable without impacting your ability to invest in growth and innovation initiatives?
- How does the upcoming retirement of CEO Shelly Ibach impact the company's strategic direction, and what plans are in place to ensure a smooth leadership transition during this challenging period?
- Given that financing approval rates and usage have slightly declined, how significant is this trend, and what measures are you taking to mitigate the impact of tighter consumer financing conditions on sales?
- With consumer spending being more concentrated around promotional events and cautious shopping behavior outside of holidays, how are you adjusting your marketing and promotional strategies to drive sales during non-peak periods?
Recent developments and announcements about SNBR.
Earnings
New Earnings (Q4 2024)
·7 days agoView full earnings summary →SNBR Q4 2024: Despite a 190 bps gross margin jump, demand tumbled double digits YTD amid weak consumer sentiment. Tariffs threaten costs (70% tied to materials). Sleep Number cut headcount 34% since 2021. Investors watch cost efficiency & potential market recovery.