Sleep Number Corporation (NASDAQ:SNBR) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET

Corporate Participants

Dave Schwantes - VP, Finance and IR
Shelly Ibach - Chair, President and Chief Executive Officer
Francis Lee - EVP and Chief Financial Officer

Conference Call Participants

Bobby Griffin - Raymond James
Alexia Morgan - Piper Sandler
Brad Thomas - KeyBanc Capital Markets
Dan Silverstein - UBS
Peter Keith - Piper Sandler

Operator

Welcome to Sleep Number's Q2 2024 Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session. Today's call is being recorded. If anyone has any objections, you may disconnect at this time.

I would like to introduce Dave Schwantes, Vice President of Finance and Investor Relations. Thank you.

Dave, you may begin.

Dave Schwantes

Good afternoon and welcome to Sleep Number Corporation's second quarter 2024 Earnings Conference Call. Thank you for joining us.

I am Dave Schwantes, Vice President of Finance and Investor Relations. With me today are Shelley Ibach, our Chair, President, and CEO, and Francis Lee, our Chief Financial Officer. This telephone conference is being recorded and will be available on our website at sleepnumber.com. Please refer to the details in our news release to access the replay.

Please also refer to our news release for a reconciliation of certain non-GAAP financial measures and supplemental financial information included in the news release or that may be discussed on this call. The primary purpose of this call is to discuss the results of the fiscal period just ended. However, our commentary and responses to your questions may include certain forward-looking statements.

These forward-looking statements are subject to a number of risks and uncertainties outlined in our earnings news release and discussed in some detail in our Annual Report on Form 10-K and other periodic filings with the SEC. The company's actual future results may vary materially.

We also want to refer you to the updated version of our investor presentation, which is available on the Investor Relations section of our website.

I will now turn the call over to Shelly for her comments.

Shelly Ibach

Good afternoon, everyone, and thank you for joining us.

My SleepIQ score was 86 last night. In October of last year, we communicated plans to transform our operating model to improve financial resilience and profitability in a range of economic environments. These transformative initiatives, coupled with the industry-leading innovation we continue to bring to market, position us to accelerate our performance and profitability as the industry recovers.