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Sleep Number Corporation (SNBR) provides sleep solutions and services in the United States.
It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name.
The company also offers adjustable bases under the FlextFit name; and pillows, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.
The company sells its products directly to consumers through retail, online, and phone, as well as through wholesale. As of September 17, 2019, it operated approximately 590 stores in 50 states. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017.
On October 15th, SNBR reported 3rd Quarter September 2019 earnings of $0.94 per share on revenue of $474.8 million. The consensus earnings estimate was $0.81 per share on revenue of $463.3 million.
The company said it expects 2019 earnings of $2.45 to $2.75 per share. The company's previous guidance was earnings of $2.35 to $2.75 per share and the current consensus earnings estimate is $2.56 per share for the year ending December 31, 2019.
Shares have broken out of a bullish "cup and handle" and are expected to move higher. Please note the entry point.
Entry Point: $50.75
Trading Range: $30.70 to $52.15
Stop Loss: $48.20
Target Price: $55.85
Closed at $49.80
