Sleep Number Corporation has outlined a comprehensive financial and operational transformation in a recent investor presentation. The company highlighted a streamlined operation, achieving cost reductions of more than $135 million compared to the previous year, excluding restructuring and other non-recurring costs. Sleep Number also reported the amendment and extension of its bank agreement through the end of 2027. The presentation detailed the strategic framework "Sleep Number Shifts," which focuses on simplifying product offerings, modernizing marketing tactics, and expanding distribution across physical and digital channels. The company operates 611 stores and reported net sales of $1.4 billion. With an average sales per store of $2.3 million, Sleep Number aims to target new customer segments and strengthen its market position. The company anticipates generating positive free cash flow in 2026 and beyond, supported by improvements in gross margin and a reduced fixed cost structure. Plans include leveraging brand strength, differentiated technology, and a renewed focus on execution speed across its 3,200 team members. You can access the full presentation through the link below.