SNBR - Sleep Number Stock Is Just Getting Started Hitting All-Time Highs
Don't sleep on mattress stocks. Sleep Number (NASDAQ: SNBR) has now more than quadrupled from its initial pandemic lows, and the maker of air-chambered beds with adjustable firmness settings is showing no signs of slowing down.
Sleep Number came through with another monster quarter shortly after Wednesday's market close. Its Sleep Number 360 mattress -- billed by the company as the industry's first smart bed because it monitors sleep patterns and adjusts its firmness accordingly -- is a hit. It probably also only helps that folks are spending more time around the house these days, and upgrading furniture, appliances, and bedding makes perfect sense.
Image source: Sleep Number.
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Sleep Number Stock Is Just Getting Started Hitting All-Time Highs