Sleep Number Corp 2026年季度报告

FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended April4, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 SLEEP NUMBER CORPORATION (Exact name of registrant as specified in its charter) (I.R.S. Employer Identification No.) Registrant’s telephone number, including area code:(763) 551-7000 Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered Common Stock, par value $0.01 per share SNBR Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of April4, 2026, 23,049,000 shares of the registrant’s Common Stock were outstanding. Table of contents SLEEP NUMBER CORPORATIONAND SUBSIDIARIESINDEX PART I: FINANCIAL INFORMATION Item 1.Financial Statements (unaudited) Table of contents SLEEP NUMBER CORPORATIONAND SUBSIDIARIESCondensed Consolidated Balance Sheets(in thousands, except per share amounts) Assets Current assets:Cash and cash equivalentsAccounts receivable, net of allowances of $656 and $694, respectivelyInventoriesPrepaid expensesOther current assetsTotal current assets Non-current assets: Table of contents SLEEP NUMBER CORPORATIONAND SUBSIDIARIESCondensed Consolidated Statements of Operations(unaudited - in thousands, except per share amounts) SLEEP NUMBER CORPORATIONAND SUBSIDIARIESCondensed Consolidated Statements of Shareholders’ Deficit(unaudited - in thousands) SLEEP NUMBER CORPORATIONAND SUBSIDIARIESCondensed Consolidated Statements of Cash Flows(unaudited - in thousands) Table of Contents SLEEP NUMBER CORPORATIONAND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements(unaudited) 1. Business and Summary of Significant Accounting Policies Business & Basis of Presentation The Company prepared the condensed consolidated financial statements as of and for the three months ended April4,2026 of Sleep Number Corporation and its 100%-owned subsidiaries (Sleep Number or the Company), without audit,pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) and they reflect, in the opinion ofmanagement, all normal recurring adjustments, including the elimination of all intra-entity balances and transactions,necessary to present fairly its financial position as of April4, 2026 and January3, 2026, and the consolidated results ofoperations and cash flows for the periods presented. The historical and quarterly consolidated results of operations maynot be indicative of the results that may be achieved for the full year or any future period. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S.Generally Accepted Accounting Principles (GAAP) have been condensed or omitted pursuant to such rules andregulations. These condensed consolidated financial statements should be read in conjunction with the most recentaudited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K forthe fiscal year ended January3, 2026 and other recent filings with the SEC. The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires the Company tomake estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities,disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and thereported amounts of sales, expenses an