![]() Individuality is the foundation of Sleep Number. The webcast replay will remain available for approximately 60 days. ![]() To access the webcast, please visit the investor relations area of the Sleep Number website at. Management will host its regularly scheduled conference call to discuss the company’s results at 5 p.m. The company anticipates 2022 capital expenditures of $70 million to $80 million. Accordingly, the 2022 outlook assumes first quarter EPS of 30 to 40 cents with EPS growth of approximately 80% expected for the last nine months of the year. The outlook for 2022 assumes continued global electronics supply constraints with the greatest impact expected in the first quarter. The company expects full-year 2022 diluted EPS to increase 10 to 15% versus 2021. ![]() Return on invested capital (ROIC) of 27.6% for the year, up 260 bp versus prior year and nearly four times our weighted-average cost of capital Leverage ratio of 2.6x EBITDAR at the end of 2021 Invested $67 million in capital expenditures and repurchased $364 million of Sleep Number stock during 2021 Generated $300 million in net cash from operating activities, up 7% versus last year and 59% higher than 2019 Diluted EPS increased 26% (+34% adjusted) to a record $6.16 up 128% compared to 2019.Operating income increased 5% (+11% adjusted) to $194 million up 73% compared to 2019.Gross profit increased 14% (+17% adjusted) to $1.32 billion, or 60.4% of net sales, while offsetting significant input cost increases with pricing actions and efficiency gains up 25% compared to 2019.Net sales increased 18% (+20% adjusted) to $2.18 billion in 2021, including a 17% comparable sales gain up 29% compared to 2019.Diluted EPS of $0.47 for the fourth quarter, compared to $2.19 for the same period last year, or $1.89 excluding the 53 rd weekįiscal 2020 included a 53 rd week in the fourth quarter, which we estimate added approximately $41 million in net sales, $11.2 million in operating income and $0.30 of diluted EPS.Net sales decreased 13% to $492 million (-7% adjusted) with a late December receipt of semiconductor components constraining delivered net sales by more than $125 million (about two and half weeks of deliveries).We continue to focus on delivering long-term stakeholder value to build upon our 5-year EPS CAGR of 41% through 2021.” Global electronics supplies remain constrained in the near-term, while demand for our 360 smart beds remains strong, reflecting increased consumer engagement and referrals from more than two million connected smart sleepers. “The fourth quarter proved to be the most challenging as we received semiconductor components too late in December to fulfill our planned deliveries. “Strong demand for Sleep Number’s 360 smart beds again drove record earnings in 2021, even with pandemic-induced global supply chain disruptions,” said Shelly Ibach, President and CEO. Sleep Number Corporation (Nasdaq: SNBR) today reported results for the year ended January 1, 2022. Provides 2022 outlook for a 10-15% increase in diluted EPS versus 2021, including constrained first quarter.Generated record operating cash flows of $300 million for the year and full-year ROIC of 27.6%. ![]() Full-year net sales grew to a record $2.18 billion with full-year diluted earnings per share (EPS) of $6.16.Fourth-quarter demand increased high-single digits over prior-year demand (adjusted for extra fiscal week last year) a late receipt of semiconductor components from a large global supplier delayed more than $125 million of delivered net sales.
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