Why Sleep Number Stock Pulled Back Today

Motley Fool2021-04-22

What happenedShares of mattress company Sleep Number (NASDAQ:SNBR) pulled back on Thursday after the company reported financial results for the first quarter of 2021. It had record earnings and raised...

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Comments

Chnhwngchng
2021-04-23
Chnhwngchng
Yes
- FT585:
  ?
MFME
2021-04-23
MFME
Still sleeping
- Chnhwngchng:
  Zzz
IIvann
2021-04-23
IIvann
??
jo88
2021-04-22
jo88
Comment and like pls!
- MarshMellow:
  Comment!
Jaslen
2021-04-22
Jaslen
Comment and like please! Thanks!
- jo88:
  nice
kcwang4982
2021-04-22
kcwang4982
Kk
- CocoPosh:
  [What]
- Abundance Thankful:
  [Miser]

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It had record earnings and raised...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/22/why-sleep-number-stock-pulled-back-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNBR","symbol_name":"Sleep Number Corporation","start_time":0,"source_url":"https://www.fool.com/investing/2021/04/22/why-sleep-number-stock-pulled-back-today/","article_id":"2129148338","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2129148338","pubTimestamp":1619104920,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Record profits and raised guidance weren't enough to help the market overlook supply chain issues.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNBR":"Sleep Number Corporation"},"translate_title":"睡眠号码股今日为何回调","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNBR":0.9},"content_text":"What happenedShares of mattress company Sleep Number (NASDAQ:SNBR) pulled back on Thursday after the company reported financial results for the first quarter of 2021. It had record earnings and raised full-year guidance. But it seems the market is concerned about ongoing supply chain issues that caused Q1 revenue to miss expectations. As of 10:30 a.m. EDT, Sleep Number stock was down 14%.So whatIn Q1, Sleep Number's sales were up 20% year over year to $568 million. This number could have been about 9% higher, but the company is experiencing a two-week delay in deliveries because of supply-chain issues. Specifically, there's a lack of foam in the supply chain because of high demand for mattresses in general and low supply of foam because of the COVID-19 pandemic. However, it's a problem management expects will be over in the second quarter.Image source: Getty Images.Now whatThere was a lot to like with Sleep Number in Q1. Its revenue missed expectations, yes. But it grew Q1 earnings per share (EPS) to a record $2.51, which was far more than consensus EPS estimates of $1.83. 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