Shares of Sleep Number Corp. jumped more than 20% in the extended session Thursday after the specialty retailer missed expectations for its quarterly sales...
Shares of Sleep Number Corp.
jumped more than 20% in the extended session Thursday after the specialty retailer missed expectations for its quarterly sales and dialed down guidance for the year. Sleep Number said it earned $754 million, or 3 cents a share, in the quarter, compared with $35 million, $1.54 a share, in the year-ago quarter. Sales fell 16% to $459 million, with demand down mid-single digits. Demand improved throughout the second quarter, but it was slightly below company expectations, Sleep Number said.
jumped more than 20% in the extended session Thursday after the specialty retailer missed expectations for its quarterly sales and dialed down guidance for the year. Sleep Number said it earned $754 million, or 3 cents a share, in the quarter, compared with $35 million, $1.54 a share, in the year-ago quarter. Sales fell 16% to $459 million, with demand down mid-single digits. Demand improved throughout the second quarter, but it was slightly below company expectations, Sleep Number said.
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