SNBRQ on OTC

Sleep Number Corp

Sleep Number Corp is an American household furniture company, incorporated in Minnesota.1 It is headquartered in Minneapolis, Minnesota.1 Its shares trade on OTC under the symbol SNBRQ.1

Price unavailable

Last updated Oct 21, 2026.

Overview

$1.4BRevenue, fiscal 20262
-$132.0MNet income, fiscal 20262

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  • TickerSNBRQ on OTC1
  • IndustryHousehold Furniture1
  • HeadquartersMinneapolis, Minnesota1
  • Incorporated inMN3
  • Business address1001 Third Avenue South, Minneapolis, Mn 554043
  • Filer categoryAccelerated filer3

Company in April 2025, the business has undergone change at every level. The Company:4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

59.0%Gross margin2
-3.3%Operating margin2
-9.3%Net margin2
-$17.7MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue41¢$578.5M
  • Research and development2¢$33.9M
  • Other costs54¢$763.0M
  • Income tax3¢$36.0M

Out of $1.4B in revenue.2 The company lost money this year.

Financial statements

Revenue5672$1.4B in 2026−17% since 2019
0$1.0B$2.0B$3.0B2019: $1.7B$1.7B20192021: $1.9B$1.9B2021+9%2022: $2.1B$2.1B2022+14%2023: $1.9B$1.9B2023−11%2024: $1.7B$1.7B2024−11%2026: $1.4B$1.4B2026−16%
Gross profit5672$833.0M in 2026−21% since 2019
0$500.0M$1.0B$1.5B2019: $1.1B$1.1B20192021: $1.2B$1.2B2021+10%2022: $1.2B$1.2B2022+4%2023: $1.1B$1.1B2023−9%2024: $1.0B$1.0B2024−8%2026: $833.0M$833.0M2026−17%
Operating income5672-$46.6M in 2026
-$100.0M0$100.0M$200.0M2019: $112.1M$112.1M20192021: $184.9M$184.9M2021+65%2022: $67.9M$67.9M2022−63%2023: $22.9M$22.9M2023−66%2024: $22.9M$22.9M2024−0%2026: -$46.6M-$46.6M2026
Net income5672-$132.0M in 2026
-$200.0M-$100.0M0$100.0M$200.0M2019: $81.8M$81.8M20192021: $139.2M$139.2M2021+70%2022: $36.6M$36.6M2022−74%2023: -$15.3M-$15.3M20232024: -$20.3M-$20.3M2024+33%2026: -$132.0M-$132.0M2026+549%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Net sales$1.4B$1.7B$1.9B
Cost of sales$578.5M$679.5M$799.0M
Gross profit$833.0M$1.0B$1.1B
Sales and marketing$664.2M$766.6M$847.4M
General and administrative$130.7M$150.0M$146.6M
Research and development$33.9M$45.3M$55.8M
Restructuring costs$50.7M$18.1M$15.7M
Total operating expenses$879.5M$979.9M$1.1B
Operating (loss) income-$46.6M$22.9M$22.9M
Interest expense, net$49.4M$48.4M$42.7M
Loss before income taxes-$96.0M-$25.5M-$19.8M
Income tax expense (benefit)$36.0M-$5.2M-$4.5M
Net loss-$132.0M-$20.3M-$15.3M
Net loss per share basic (in dollars per share)-$5.77-$0.90-$0.68
Net loss per share diluted (in dollars per share)-$5.77-$0.90-$0.68
Weighted-average shares - basic (in shares)22.9M shares22.6M shares22.4M shares
Weighted-average shares (in shares)22.9M shares22.6M shares22.4M shares

Compare Sleep Number Corp with another company

Corporate structure

Sleep Number Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Sleep Number Corp

  • AQR CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Sleep Number Corp, latest Aug 11, 2026 (2 filings since Jun 23, 2026)
  • JANE STREET GROUP, LLC Filed SCHEDULE 13G/A on Sleep Number Corp, latest Aug 10, 2026 (2 filings since Jun 23, 2026)
  • BlackRock Filed SCHEDULE 13G/A on Sleep Number Corp, latest Jul 8, 2026 (6 filings since Jan 25, 2022)
  • Pacific Ridge Capital Partners, LLC Filed SCHEDULE 13G/A on Sleep Number Corp, latest Jun 24, 2026 (2 filings since Feb 6, 2026)
  • STADIUM CAPITAL MANAGEMENT LLC Filed SCHEDULE 13D/A on Sleep Number Corp, latest Jun 1, 2026 (11 filings since Jun 20, 2023)
  • FMR LLC Filed SCHEDULE 13G/A on Sleep Number Corp, latest May 6, 2026 (2 filings since Feb 5, 2026)
  • M Partners Fund LP Filed SCHEDULE 13G/A on Sleep Number Corp, latest Mar 27, 2026 (3 filings since May 5, 2025)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Sleep Number Corp, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
  • VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. Filed SC 13G/A on Sleep Number Corp, latest Feb 12, 2024 (2 filings since Feb 13, 2023)
  • AllianceBernstein Filed SC 13G/A on Sleep Number Corp, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Sleep Number Corp Minneapolis, Minnesota

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sleep Number Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$461.6M2 Jan 3, 2026$463.5M2 Dec 28, 2024−0.4%
Property and equipment, net$86.5M2 Jan 3, 2026$129.6M2 Dec 28, 2024−33.2%
Operating-lease assets (leased space)$311.7M2 Jan 3, 2026$356.6M2 Dec 28, 2024−12.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.7M2 Jan 3, 2026$1.9M2 Dec 28, 2024−13.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$64.0M2 Jan 3, 2026$64.0M2 Dec 28, 20240%
Finite-lived intangibles, gross$20.8M2 Jan 3, 2026$20.8M2 Dec 28, 20240%
Accumulated amortization$20.1M2 Jan 3, 2026$19.9M2 Dec 28, 2024+1.1%
Finite-lived intangibles, net$743.0K2 Jan 3, 2026$970.0K7 Dec 28, 2024−23.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$82.2M2 Jan 3, 2026$103.2M2 Dec 28, 2024−20.3%
Work in process$137.0K2 Jan 3, 2026$130.0K2 Dec 28, 2024+5.4%

Properties, in its own words

Retail Locations

Sleep Number currently leases all of its existing retail store locations and expects that its policy of leasing stores, rather

The rest of Item 2

than owning stores, will continue. The Company leases its retail stores under operating leases which, in addition to the

minimum lease payments, may require payment of a proportionate share of the real estate taxes and certain building

operating expenses. The Company retail store leases generally provide for an initial lease term of five to 10 years. In

addition, the mall-based retail store leases may require payment of contingent rent based on net sales in excess of certain

thresholds. Certain retail store leases may contain options to extend the term of the original lease.

The following table summarizes the geographic locations of Sleep Number’s 600 retail stores as of January 3, 2026:

RetailStores · RetailStores · RetailStores

Alabama · 9 · Louisiana · 10 · Ohio · 20

Alaska · 1 · Maine · 3 · Oklahoma · 5

Arizona · 14 · Maryland · 14 · Oregon · 8

Arkansas · 7 · Massachusetts · 9 · Pennsylvania · 24

California · 62 · Michigan · 19 · Rhode Island · 1

Colorado · 15 · Minnesota · 14 · South Carolina · 10

Connecticut · 6 · Mississippi · 5 · South Dakota · 2

Delaware · 2 · Missouri · 12 · Tennessee · 14

Florida · 44 · Montana · 4 · Texas · 54

Georgia · 20 · Nebraska · 4 · Utah · 6

Hawaii · 2 · Nevada · 6 · Vermont · 1

Idaho · 3 · New Hampshire · 4 · Virginia · 18

Illinois · 23 · New Jersey · 14 · Washington · 17

Indiana · 14 · New Mexico · 4 · West Virginia · 3

Iowa · 6 · New York · 19 · Wisconsin · 11

Kansas · 5 · North Carolina · 20 · Wyoming · 2

Kentucky · 8 · North Dakota · 2

Total · 600

Manufacturing, Distribution and Headquarters

The Company leases its 238,000 square-foot corporate headquarters in Minneapolis, MN. The lease term commenced in

November 2017 and runs through October 2032. The lease includes three five-year renewal options.

The Company has five assembly distribution centers (Irmo, SC; Salt Lake City, UT; Minneapolis, MN; Cincinnati, OH; and

Dallas, TX) with a combined total square footage of approximately 745,000 square feet. The Irmo, SC facility’s lease term

ends June 2026. The other four facilities have lease terms ending between December 2029 through July 2032. The

leases include one or two, five-year option renewals. The Company also operates a cut and sew manufacturing facility at

the same location as it’s Irmo, SC assembly distribution center and a bedding fulfillment center at the same location as its

Cincinnati, OH assembly distribution center. The Company subleases two former assembly distribution centers with lease

terms ending May 2028 and April 2030.

33 · 2025 FORM 10-K · SLEEP NUMBER CORPORATION

Item 2 of the 10-K filed Mar 12, 2026.4

Leadership

Who has led Sleep Number Corp, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (52)

Former names

  • SELECT COMFORT CORPNov 16, 1998 to Oct 27, 20173

Timeline

  1. Aug 3, 20268-K Completed an acquisition or sale74
  2. Jul 23, 20268-K Entered a material agreement75
  3. Jun 17, 20268-K Listing notice or transfer76
  4. Jun 16, 20268-K Entered a material agreement; New debt or obligation77
  5. Jun 12, 20268-K Entered a material agreement; Bankruptcy or receivership; Debt or obligation accelerated78
  6. Jun 10, 20268-K Executive or director change79
  7. Jun 2, 20268-K Executive or director change80
  8. May 27, 20268-K Executive or director change; Shareholder vote; Other events81
  9. May 12, 20268-K Results of operations82
  10. Apr 28, 20268-K Entered a material agreement; New debt or obligation83
  11. Mar 23, 20268-K Executive or director change84
  12. Mar 12, 20268-K Results of operations85
  13. Apr 7, 2025New chief executive Linda F. Kozlowski becomes CEO14
  14. Jun 5, 2012New chief executive Shelly Radue Ibach becomes CEO15
  15. Feb 8, 2006New chief executive William R. McLaughlin becomes CEO16

Calendar

When it reported results

  1. May 12, 2026Reported quarterly or annual results82
  2. Mar 12, 2026Reported quarterly or annual results85
  3. Nov 5, 2025Reported quarterly or annual results86
  4. Jul 30, 2025Reported quarterly or annual results87
  5. Apr 30, 2025Reported quarterly or annual results88
  6. Mar 5, 2025Reported quarterly or annual results89
  7. Oct 30, 2024Reported quarterly or annual results90
  8. Jul 31, 2024Reported quarterly or annual results91

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

410 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 74 major events, 222 insider forms, 36 large holders, 59 other. The latest 20:

  1. Aug 11, 2026SCHEDULE 13G/A EDGAR
  2. Aug 10, 2026SCHEDULE 13G/A EDGAR
  3. Aug 3, 202615-12G EDGAR
  4. Aug 3, 20268-K EDGAR
  5. Jul 31, 2026S-8 POS EDGAR
  6. Jul 31, 2026S-8 POS EDGAR
  7. Jul 31, 2026S-8 POS EDGAR
  8. Jul 31, 2026S-8 POS EDGAR
  9. Jul 31, 2026S-8 POS EDGAR
  10. Jul 31, 2026S-8 POS EDGAR
  11. Jul 31, 2026S-8 POS EDGAR
  12. Jul 31, 2026S-8 POS EDGAR
  13. Jul 31, 2026S-8 POS EDGAR
  14. Jul 23, 20268-K EDGAR
  15. Jul 14, 202625-NSE EDGAR
  16. Jul 8, 2026SCHEDULE 13G/A EDGAR
  17. Jun 26, 202611-K EDGAR
  18. Jun 24, 2026SCHEDULE 13G/A EDGAR
  19. Jun 23, 2026SCHEDULE 13G EDGAR
  20. Jun 23, 20264 EDGAR

The 410 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

34 open-market trades by officers, directors and large owners since October 2021: 22 buys and 12 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 22, 2026HOWARD JULIEDirectorSale10,585$0.13$1.4KForm 4
Jun 18, 2026Hellfeld Samuel REVP Chief Legal & Risk OfficerSale7,964$0.31$2.5KForm 4
Jun 18, 2026MENDEZ ANGEL LDirectorSale3,020$0.22$664Form 4
Jun 12, 2026Krusmark Christopher DEVP, Retail & People OfficerSale3,130$0.66$2.1KForm 4
May 28, 2026STADIUM CAPITAL PARTNERS L PSale390,676$1.78$695.4KForm 4
Aug 1, 2025RYDER ROBERT PInterim CFOBuy15,000$6.81$102.2KForm 4
May 13, 2025Eyler PhillipDirectorBuy8,300$9.03$74.9KForm 4
May 8, 2025Findley LindaPresident and CEOBuy43,500$7.28$316.7KForm 4
May 7, 2025Lee Francis KBuy7,200$7.12$51.3KForm 4
May 7, 2025Findley LindaPresident and CEOBuy61,020$7.12$434.5KForm 4
Mar 10, 2025Fazio Gary TBuy12,000$7.54$90.5KForm 4
Feb 21, 2025HOPF PATRICK ABuy25,000$14.30$357.5KForm 4
Nov 18, 2024Stadium Capital Management GP, L.P.10% ownerBuy15,000$12.12$181.8KForm 4
Nov 15, 2024Stadium Capital Management GP, L.P.10% ownerBuy11,540$12.71$146.7KForm 4
Nov 14, 2024Stadium Capital Management GP, L.P.10% ownerBuy16,600$13.73$227.9KForm 4
Nov 13, 2024STADIUM CAPITAL MANAGEMENT LLC10% ownerBuy22,000$13.86$304.9KForm 4
Nov 12, 2024STADIUM CAPITAL MANAGEMENT LLC10% ownerBuy29,860$14.23$424.9KForm 4
Nov 11, 2024STADIUM CAPITAL MANAGEMENT LLC10% ownerBuy25,325$14.90$377.3KForm 4
Nov 6, 2024SEAVER ALEXANDER M10% ownerBuy400$14.21$5.7KForm 4
Nov 5, 2024SEAVER ALEXANDER M10% ownerBuy39,473$13.54$534.3KForm 4

All 34 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Linda A. FindleyPresident and CEO$853.8K$6.2M102
2025Francis K. LeeFormer EVP and CFO$412.7K$2.1M102
2025Andrea BloomquistFormer EVP and Chief Innovation Officer$275.7K$1.9M102
2025Shelly R. IbachFormer President and CEO$530.8K$1.6M102
2025Kevin K. BrownFormer EVP and Chief Marketing Officer$172.0K$1.5M102
2025Robert P. RyderFormer Interim CFO$1.3M102
2025Melissa BarraEVP and Chief Sales and Services Officer$614.5K$1.2M102
2025Samuel R. HellfeldEVP and Chief Legal and Risk Officer$569.0K$1.2M102
2025Christopher D. KrusmarkEVP and Chief Retail and People Officer$482.5K$807.0K102
2025Amy K. O’KeefeEVP and CFO$24.0K$594.6K102
2024Shelly R. IbachFormer President and CEO$1.2M$6.6M102
2024Francis K. LeeFormer EVP and CFO$629.3K$1.6M102
2024Andrea BloomquistFormer EVP and Chief Innovation Officer$618.1K$1.4M102
2024Melissa BarraEVP and Chief Sales and Services Officer$608.5K$1.4M102
2024Samuel R. HellfeldEVP and Chief Legal and Risk Officer$542.3K$1.3M102
2024Christopher D. KrusmarkEVP and Chief Retail and People Officer$443.1K$949.4K102
2023Shelly R. IbachFormer President and CEO$1.2M$6.3M102
2023Francis K. LeeFormer EVP and CFO$228.4K$3.2M102
2023Andrea BloomquistFormer EVP and Chief Innovation Officer$599.7K$1.8M102
2023Melissa BarraEVP and Chief Sales and Services Officer$589.9K$1.8M102
2023Samuel R. HellfeldEVP and Chief Legal and Risk Officer$519.2K$1.5M102
2023Christopher D. KrusmarkEVP and Chief Retail and People Officer$425.2K$1.3M102

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Jane Street Group, LLC241,913$5.7K0.0%+183,410
Simplex Trading, LLC15,038$3600.0%New
Barclays PLC431$100.0%−3,408
Crews Bank & Trust300$70.0%No change
IFP Advisors, Inc47$10.0%+36
Farther Finance Advisors, LLC10$00.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Sleep Number Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSleep Number Corp1
  • CIK0000827187
  • Employer ID (EIN)41-15978864
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inMinnesota4
  • Fiscal year endsJanuary 31
  • Industry code (SIC)2510 Household Furniture1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address1001 Third Avenue South, Minneapolis, MN 554041
  • Phone76355170001
  • Shares outstanding23,049,000 as of Apr 4, 20268
  • Public float$131.8M as of Jun 28, 20254
  • AuditorDELOITTE & TOUCHE LLP, Minneapolis, Minnesota PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceSep 3, 19981
  • Filings2,359 in all: 4 (1,274), 8-K (450), SC 13G/A (105), 10-Q (82), 3 (51), SC 13G (50), DEF 14A (28), 10-K (27)1
    All 56 form types

    SC 13D/A (27), 11-K (24), DEFA14A (20), S-8 (17), S-8 POS (17), UPLOAD (16), 4/A (13), SD (13), 144 (11), ARS (11), CT ORDER (10), 5 (9), SCHEDULE 13G/A (9), CORRESP (8), DFAN14A (8), PRE 14A (7), 10-K/A (6), S-3/A (6), 8-K/A (5), SCHEDULE 13G (5), S-1/A (4), SC 13D (4), SCHEDULE 13D/A (4), EFFECT (3), PRER14A (3), S-3 (3), 144/A (2), 424B4 (2), D (2), DEFC14A (2), POS AM (2), PREC14A (2), PRRN14A (2), 10-K405 (1), 15-12G (1), 25-NSE (1), 3/A (1), 424B2 (1), 424B5 (1), 8-A12G (1), AW (1), DFRN14A (1), FWP (1), NT 10-K (1), NT 11-K (1), S-1 (1), S-3MEF (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2026
    Quarterly report (10-Q) May 12, 2026
    Proxy statement (DEF 14A) Apr 8, 2026
    Latest 8-K (8-K) Aug 3, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareSNBRNasdaq Global Select Market

From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Sleep Number Corp names in Item 1A of its 10-K filed Mar 12, 2026: 72 risks under these headings, as written.4

  • the specific risks set forth below and other matters described in this Annual Report on Form 10-K before making an
  • investment decision. The risks and uncertainties described below are not the only ones facing the Company. Additional
  • risks and uncertainties, including risks and uncertainties that impact the business environment generally, those not
  • presently known to the Company, or those that it currently sees as immaterial, may also harm its business. If any of these
  • risks occur, the Company’s business, results of operations, cash flows and financial condition could be materially and
  • adversely affected.
  • Risks Related to our Business and Industry
  • Adverse changes in general economic conditions and consumer sentiment have reduced, and could continue to
  • reduce discretionary consumer spending and, as a result, have adversely affected and could continue to
  • adversely affect the Company’s sales, profitability, cash flows, availability of credit, and financial condition.
  • Interest rates remain elevated, and may further increase, and impact the cost of servicing the Company’s
  • indebtedness and have an adverse effect on its results of operations, cash flows and stock price.
The other 61 risks
  • A reduction in the availability of, or increase in the cost of, credit to consumers generally or under the
  • Company’s existing consumer credit programs has negatively impacted, and could continue to negatively
  • impact, the Company’s sales, profitability, cash flows and financial condition.
  • The Company may not be successful in achieving the expected improvements, growth, cost savings, and other
  • benefits related to its turnaround strategy and such actions could have adverse effects on the Company.
  • Risks Related to Indebtedness and Liquidity
  • There is substantial doubt about the Company’s ability to continue as a going concern, and this may adversely
  • affect our stock price, our ability to raise capital or enter into strategic transactions, and our relationships with
  • key stakeholders.
  • The Company will require additional capital and its access to such capital or alternative financing options may
  • depend on factors beyond the Company’s control or may require the Company to accept unfavorable terms.
  • The Company’s credit facility contains financial covenants and other restrictions that may limit the Company’s
  • financial and operational flexibility or otherwise adversely affect our results of operations.
  • Risks Related to the Company’s Marketing Strategy and Execution of Total Retail Distribution Strategy
  • The Company’s future growth and profitability depend upon the effectiveness and efficiency of its marketing
  • programs and promotions.
  • The Company’s future growth and profitability depend on its ability to execute its Total Retail distribution
  • Risks Related to the Company’s Ability to Compete Effectively
  • Significant competition has affected and is likely to continue to adversely affect the Company’s business.
  • Failure to achieve and maintain high levels of product and service quality could negatively impact the Company’s
  • sales, profitability, cash flows and financial condition.
  • The Company’s future growth and profitability depend in part on its ability to continue to improve and expand its
  • product line, anticipate and respond to changing consumer trends, and to successfully execute new product
  • introductions.
  • The Company’s intellectual property rights may not prevent others from using its technology or trademarks in
  • connection with the sale of competitive products. The Company is from time to time subject to claims that its
  • products, processes or trademarks infringe intellectual property rights of others.
  • Risks Related to the Company’s Reliance on Third Parties and Reliance on a Global Supply Chain
  • The Company relies upon several key suppliers and third parties that are, in some instances, the only source of
  • supply or services currently used by the Company for particular materials, components, products, systems,
  • services, or consumer financing. A disruption in the supply or substantial increase in cost of any of these
  • products or services has, and could continue to, harm the Company’s sales, profitability, cash flows, availability
  • of credit, and financial condition.
  • Fluctuations in commodity prices or availability, or third-party delivery or logistics costs, have resulted, and
  • could continue to result, in an increase in component costs and/or delivery costs.
  • The Company’s business is subject to risks inherent in global sourcing activities.
  • The Company has been, and could continue to be, vulnerable to shortages in supply of components necessary to
  • manufacture its products due to its manufacturing processes which operate with minimal levels of inventory or
  • due to global shortages of supply of electronic componentry or other materials, unexpected increased consumer
  • demand or inadequate demand forecasting, which, in turn, has and may continue to harm its ability to satisfy
  • consumer demand and adversely impact the Company’s sales and profitability.
  • Risks Related to the Company’s Vertically Integrated Business Model
  • Disruption to the Company’s facilities and operations could increase its costs of doing business or harm the
  • Company’s ability to satisfy customer demand, develop, test and launch new products, and service its products
  • and customers.
  • Any future acquisitions, business combinations or divestitures the Company completes involve a number of
  • risks, the occurrence of which could adversely affect the Company’s business, reputation, operating results and
  • Risks Related to Workforce
  • The Company’s operating performance, profitability, and future growth depend upon its ability to attract, retain
  • and motivate qualified and effective personnel.
  • Risks Related to Legal Compliance and Legal Proceedings
  • The Company’s business is subject to a wide variety of government laws and regulations. These laws and
  • regulations, as well as any new or changed laws or regulations, could disrupt the Company’s operations or
  • increase its compliance costs. Failure to comply with such laws and regulations could have further adverse
  • impacts on the Company’s operations.
  • Risks Related to the Company’s Information Systems and Cybersecurity
  • Information systems that contain confidential Company data, consumers’ personal information, and team
  • members’ personal information may be subject to attacks by hackers or other cyber threats that could
  • compromise the confidentiality, integrity, and availability of the data, which could substantially disrupt the
  • Company’s business and could result in a breach of the data.
  • Advancements in and adoption of, or the failure to effectively adopt, artificial intelligence and related
  • technologies may increase cost and risks associated with competition, regulatory requirements, and
  • cybersecurity threats.
  • Any maintenance, improvements or upgrades to information systems and services that may be required to meet
  • the ongoing and evolving needs of the Company’s business and cybersecurity needs as well as existing and
  • emerging regulatory requirements may be costly to implement, may take longer or require greater resources than
  • anticipated and may result in disruptions to its systems or business.
  • Risks Related to the Company’s Stock

Legal proceedings

The Company’s legal proceedings are discussed in Note 14, Commitments and Contingencies, Legal Proceedings, of the

Notes to Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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