Sleep Number Corporation provided earnings guidance for the first quarter and full year of 2022. The company expects full-year 2022 diluted EPS to increase 10% to 15% versus 2021. The outlook for 2022 assumes continued global electronics supply constraints with the greatest impact expected in the first quarter.

Accordingly, the 2022 outlook assumes first quarter EPS of 30 cents to 40 cents with EPS growth of approximately 80% expected for the last nine months of the year. The company anticipates 2022 capital expenditures of $70 million to $80 million.