Sleep Number Stock Plunges 15.91% Amid Sales Decline

On May 13, 2025, Sleep Number's stock experienced a significant drop of 15.91% in pre-market trading, sparking concerns among investors about the company's recent performance and future prospects.

Sleep Number has been facing challenges in its mattress and bedding business, with reports indicating a decline in sales and market share. The company has been struggling to compete with other major players in the industry, leading to a decrease in consumer demand for its products.

Additionally, Sleep Number has been grappling with supply chain disruptions and rising costs, which have impacted its profitability. The company has had to implement cost-cutting measures and restructure its operations to mitigate these challenges, but these efforts have not yet yielded significant results.

Despite these challenges, Sleep Number has been investing in research and development to innovate its product offerings and improve its competitive position. The company has also been expanding its e-commerce capabilities to reach a wider audience and increase sales.

However, these initiatives may take time to show tangible results, and investors are growing impatient with the company's performance. The recent drop in stock price reflects this sentiment, as investors reassess their expectations for Sleep Number's future growth and profitability.