Share of Sleep Number Corp. SNBR rallied 3.4% in afternoon trading Friday, reversing an earlier intraday loss of as much as 11.8%, after the bed and mattress maker provided a downbeat 2022 profit ...

Sleep Number recorded a fourth quarter loss as demand for the beds slid 18% during the last three months of the year. Shelly Ibach, CEO of the Minneapolis-based company, told analysts price increases ...

The decrease in pay for the company's top executive reflects a challenging year for Sleep Number. Sleep Number Corp. CEO Shelly Ibach was compensated $6.7 million in 2022, a drop of 30% from the year ...

Sleep Number's business is negatively impacted by higher interest rates. Fortunately, the company isn't immediately impacted by macroeconomic conditions because it maintains a backlog of orders it ...

One of Sleep Number's largest shareholders has sent a letter to the board of directors seeking a seat on the board in order to address underperformance. "We believe Sleep Number is a tremendous brand ...