Quarterly revenue reaches $600 million, smart mattress ushers in a new journey

According to the financial report, Sleep Number 's revenue in the first quarter reached $568 million, a year-on-year increase of 20%. Among them, gross profit increased by 18% to a record $356 million, accounting for 62.6% of net sales. Operating income reached $76 million, an increase of 45%, and net profit reached $67 million.

2020 net sales of $1.86 billion

Sleep Number is an American manufacturer located in Minneapolis, USA. It mainly produces and sells Sleep Number smart beds, adjustable mattresses and bedding, which is its core business. When checking its official website for related mattress products, it can be found that the ratings of its products are basically maintained above 4.7, which shows that smart mattresses are also popular among consumers.

According to the 2020 financial report, Sleep Number's full-year net sales have reached US$1.86 billion, a 9% increase from 2019. In fact, as consumers' demands for comfort become higher and higher, intelligence has become an irreversible trend, and Sleep Number, as the "Tesla" of the mattress industry, is undoubtedly the most representative.

Relevant data shows that the 2020 epidemic boosted market confidence, driving up Sleep Numbe's stock price and pushing its market value to 20 billion yuan. Its smart bedding products also lived up to expectations, achieving nearly double-digit sales growth for four consecutive years.

What’s the magic of Sleep Number ?

In fact, the advent of the Sleep Number360 smart bed is epoch-making. It has pioneered the smart mattress and continuously changed and improved the functions of smart mattresses to meet the needs of more consumers, which has attracted countless people.

Sleep Number focuses on technology research and development. By tracking the user's breathing, heart rate and limb movements, its Sleep IQ can automatically generate relevant reports containing key data every morning based on these data to help consumers test their sleep index, provide sleep solutions and achieve the best sleep.

According to Sleep Number, it will continue to innovate and update its smart bedding products. In the future, it will also design products that can help people diagnose diseases, such as heart disease and sleep apnea, to help more people maintain a healthy body.

In general, with the rapid development of Internet technology, smart home products have entered thousands of households, and consumers' acceptance of such products has gradually matured. Sellers related to this category can pay special attention.

Revenue

Mattress

Sleep Number