Added to YB: 2026-05-04
Pitch date: 2026-04-29
SNBR [neutral]
Sleep Number Corporation
Author Info
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Company Info
Sleep Number Corporation, together with its subsidiaries, designs, manufactures, markets, distributes, retails, and services sleep solutions in the United States.
Market Cap
$74.9M
Pitch Price
$3.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.17
P/E
-0.56
EV/Sales
0.72
Sector
Specialty Retail
Category
special_situation
Sleep Number's Sweet Dreams
SNBR (update): Secured $25M term loan (11.65% rate) + forbearance on covenant breaches (net leverage, interest coverage, EBITDA). New liquidity covenant: $30M by July '26, $40M after Oct '26. Must pursue strategic transaction to maximize enterprise value. Q1'26 earnings May 12 critical test of turnaround execution. Stock +25% on news but still below March levels. Avoids Ch11 for now if business plan delivers.
Read full article (6 min)