Sumary of Why Sleep Number Stock Looks Tired This Week:
- But the good news was overshadowed by an earnings miss against analyst expectations, and word that supply chain issues remain.
- While growth was strong, the company missed estimates due to supply chain issues that continue to affect the company.
- Sleep Number President and CEO Shelly Ibach commented on the earnings conference call that “unprecedented demand growth combined with global supply chain disruption limited our Q2 deliveries.
- Investors should sleep well knowing demand is strong, and supply chain issues should be temporary.