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Sleep Number overcomes supply chain nightmare, raises prices

Cons. Discr. - Durables 445 Cons. Discr. - Retailing 399 Earnings 638 Quote Watch 408 U.S. 5139

Sleep Number reported Q2’21 revenue growth of 69.9% year over year despite “near-term supply constraints” which have impacted deliveries in June and July. The mattress manufacturer faces “temporary component and labor constraints, inflation and expedited logistics pressures” which likely contributed to a modest increase in U.S. seaborne imports linked to the firm of just 5.8% year over year in Q2’21. While Sleep Number has been “absorbing the inflationary impacts” it has now implemented price increases. That may leave it further behind peers with U.S. seaborne imports linked to Tempur Se...

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