Sleep Number shares surge 15.65% after-hours after appointing Amy O'Keefe as CFO and reaffirming 2025 financial guidance.

Sleep Number (SNBR) surged 15.65% in after-hours trading following the announcement of Amy O’Keefe’s appointment as CFO, effective December 8, 2025. O’Keefe, a 30-year finance veteran with experience at Avaya and Weight Watchers, is expected to drive profitability and operational improvements, aligning with the company’s turnaround strategy. Sleep Number reaffirmed its 2025 financial guidance, including net sales, adjusted EBITDA, and compliance with loan covenants, signaling stability amid strategic cost reductions and operational streamlining. The interim CFO, Bob Ryder, will remain until December 12 to ensure a smooth transition. The news reinforced investor confidence in the company’s ability to execute its growth plan, supported by O’Keefe’s track record in transforming public and private companies. The stock’s sharp post-market rise reflects optimism over leadership continuity and the outlined financial roadmap.