Shares of Sleep Number Corporation (SNBR) fell 15.1% in premarket trading on Friday. The bed and mattress maker presented a bleak full-year outlook after its chief financial officer (CFO) said he would step down after nearly nine years. According to the company, his earnings per share in 2022 will be $1.60, below his current FactSet consensus of $1.71, and his $2.04 billion in sales will beat his forecast. below $2.11 billion. The company said it will announce actual results after the market close on February 22. Separately, the company said his CFO, David Callen, has stepped down from his position effective January 30 and will pursue another opportunity from April 2014. The company’s chief human resources officer, named Chris Krusmark, has been named interim CFO until a permanent successor can be found. The S&P 500 is up 5.8% this year and he’s down 6.2% over the past year.
・Tomi Kilgore
(Closed) Dow Jones Newswire
01-27-23 0919ET
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