Sleep Quantity Gross sales Fall in Third Quarter » BedTimes Journal
Sleep Quantity endured a troublesome third quarter as gross sales tumbled 19.6% and its internet loss widened to $39.8 million, however President and CEO Linda Findley stated a current modification to its credit score settlement will enable the corporate to enhance advertising and marketing efforts because it executes a turnaround plan.
Findley stated the financial institution settlement, which has been prolonged into 2027, offers the corporate larger monetary flexibility and extra time to implement the turnaround.
“It’s extremely necessary as a result of it offers us one other 12 months to get the enterprise circled and get the whole lot working the best way it must work,” she stated following the discharge of third-quarter earnings. “With this new settlement, mixed with significant fíxed value reductions achieved in 2025, we are going to spend money on progress in 2026.”
Findley, who joined Sleep Quantity in April, stated advertising and marketing spending — all the time a key progress driver for the vertically built-in firm — has been constrained the previous two quarters as client demand weakened and glued prices remained excessive.
“My learnings up to now make me extremely optimistic about Sleep Quantity’s future and the flexibility to create important shareholder worth within the coming years,” she stated. “The tempo of our work, together with constraints imposed by our capital construction, has made the primary
six months diffïcult. Nevertheless, we have now completed rather a lot and are optimistic that this work positions us to execute the turnaround in 2026.”
For the three months ended Sept. 27, gross sales totaled $342.9 million, down from
$426.7 million in the identical interval final 12 months.
The online loss got here to $39.8 million or $1.73 per share. In final 12 months’s third quarter, the web loss was $3.14 million or 14 cents per share.
The corporate has closed 34 of its retail shops up to now in 2025 and had 611 places remaining on the finish of the third quarter.
For the primary 9 months of 2025, gross sales totaled $1.06 billion, down 18.5% from $1.31 billion within the first 9 months of 2024.
The nine-month internet loss totaled $73.4 million or $3.21 per share. In the identical interval final 12 months, the web loss was $15.7 million or 69 cents per share.
Along with a revamped advertising and marketing effort, Findley stated the turnaround plan consists of simplifying its product portfolio and increasing into new distribution channels – particularly these the digital area.
The primary of these potential new channels is a Nov. 11 check on the HSN buying community, she stated.
