Purple Innovation

Purple Innovation, Inc. engages in the design and manufacture of comfort technology products. It offers mattresses, bed pillows, seat cushions, mattress protector, and bamboo sheets. The company was founded by Terry V. Pearce and Tony Marion Pearce in 1989 and is headquartered in Lehi, Utah.

Earnings data Q1 2021

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Earnings data Q3 2024

Earnings data Q4 2024

Purple Innovation reports Q4 revenue decline but positions for growth

Purple Innovation's Q4 2022 performance reflected revenue decline but improved cost management and operational efficiencies, positioning the company for future growth.
Strategic initiatives like cost reduction, leadership team additions, and product expansion present strengths for market competitiveness and revenue enhancement.
Challenges in revenue guidance, industry conditions, and promotional strategies require careful navigation, balanced with opportunities in product growth and margin improvement.
Overall, Purple Innovation aims for sequential improvement in 2023 through new product launches, marketing strategies, and operational optimizations, focusing on sustainable growth.

Purple Innovation reports Q1 revenue decline but improves margins

Purple Innovation navigated a challenging Q1 with revenue decline but improved gross margins and better-than-expected adjusted EBITDA. The company's strategic plan focuses on product innovation, brand enhancement, and showroom expansion to drive future growth. Despite inventory challenges and lower-than-expected performance, Purple Innovation remains optimistic about its positioning and market differentiation.

Purple Innovation reports strong Q2 performance amidst revenue challenges

Purple Innovation's Q2 performance reflects growth in net revenue, positive consumer feedback on new products, and a focus on premium offerings.
While facing challenges in revenue performance and operational efficiencies, the company remains confident in its growth strategy and future opportunities.
Adjustments in financial guidance and concerns from analysts highlight the need for strategic adjustments to navigate industry softness and achieve profitability targets.
Effective inventory management, strong consumer reception, and consistent media planning position Purple Innovation for potential sales growth and market expansion.

Purple Innovation reports Q3 growth, eyes profitability by 2024

Purple Innovation's Q3 showed revenue growth and increased brand interest, but profitability was impacted by transition costs. The company is focusing on refining strategies to achieve profitability by 2024.
Despite challenges like price pressure and inventory management, Purple is leveraging strengths in premium products and partnerships to drive growth. Opportunities lie in margin enhancement and product category expansion.
With a clear roadmap to profitability, Purple is navigating market challenges while capitalizing on its strengths and exploring avenues for growth and margin improvement.

Purple Innovation reports Q4 growth, eyes revenue rebound in 2024

Purple Innovation's Q4 performance showed revenue growth and positive EBITDA.
Despite revenue decline in 2023, the company is optimistic about 2024 targets.
Challenges include margin pressures and the need for effective execution.
Opportunities lie in revenue growth, margin improvement, and new initiatives.

Purple Innovation reports solid Q1 growth, eyes e-commerce expansion

Purple Innovation is focused on driving long-term profitable market share gains through various initiatives. Management is confident in achieving financial targets for the year and aims for sustained profitable growth as a premium sleep brand.

Purple Innovation reports mixed Q2 results, focuses on profitability

Purple Innovation's Q2 2024 performance showed mixed results with sales growth in showrooms but decline in e-commerce revenue. Despite challenges, the company demonstrated improvements in gross margins and adjusted EBITDA. Strategic shifts towards profitability and operational enhancements were highlighted.

Purple Innovation navigates revenue challenges with operational efficiency and savings

Purple Innovation faced revenue challenges in Q3 but made significant strides in operational efficiency and gross margin improvement.
The company's restructuring efforts are expected to drive substantial EBITDA savings, supporting a path to positive cash flow in 2025.
Despite short-term hurdles, Purple Innovation remains confident in its long-term business model and premium market positioning.

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Purple Innovation (PRPL) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.

Surging Earnings Estimates Signal Good News for Purple Innovation (PRPL)

Purple Innovation (PRPL) shares have skyrocketed since early April to easily outpace the stay-at-home standouts such as Zoom and Peloton.

Buy Soaring & Still Cheap Purple Stock on Coronavirus E-Commerce Growth?

As of late, it has definitely been a great time to be an investor of Purple Innovation

Will Purple Innovation Continue to Surge Higher?

Purple Innovation (PRPL) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.

Purple Innovation (PRPL) Catches Eye: Stock Jumps 8%

PURPLE INNOVATION, INC. (PRPL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for PURPLE INNOVATION, INC. (PRPL): Will It Gain?

PURPLE INNOVATION, INC. (PRPL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects.

PURPLE INNOVATION, INC. (PRPL) Upgraded to Strong Buy: What Does It Mean for the Stock?

Mattress company Purple Innovation Inc.'s shares PRPL, +1.54% jumped 7.3% in premarket trade Tuesday, after the company said sales improved in May thanks to strong direct-to-consumer sales and demand for mattresses, pillows, and seat cushions.

Mattress company Purple Innovation shares soar premarket as company reports uptick in sales in May

LEHI, Utah, June 9, 2020 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), the comfort innovation company known for creating the Purple Grid™ Mattress, today provided a business update prior to participating in the Oppenheimer 20th Annual Consumer Growth Conference on...

Purple Innovation Provides Business Update Ahead of Participation in Oppenheimer 20th Annual Consumer Growth Conference

LEHI, Utah, June 2, 2020 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," today announced that the underwriters of its previously announced underwritten secondary public offering...

Purple Innovation, Inc. Announces Full Exercise of Option

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LEHI, Utah, May 19, 2020 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," today announced the closing of the previously announced underwritten secondary public offering of...

Purple Innovation, Inc. Announces Closing of Secondary Public Offering of Class A Common Stock

The online bedding maker put to rest any doubts about its ability to grow in a pandemic.

Purple Innovation Stock Is Soaring 12% Today

LEHI, Utah, May 14, 2020 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," today announced the pricing of an underwritten secondary public offering of 10,789,372 shares of its Class...

Purple Innovation, Inc. Announces Pricing of Upsized Secondary Public Offering of Class A Common Stock

PURPLE INNOVATION INC (PRPL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can PURPLE INNOVATION INC (PRPL) Run Higher on Rising Earnings Estimates?

Purple Innovation, Inc. (PRPL) CEO Joe Megibow on Q1 2020 Results - Earnings Call Transcript

PURPLE INNOVATION INC (PRPL) delivered earnings and revenue surprises of 120.00% and 16.77%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

PURPLE INNOVATION INC (PRPL) Beats Q1 Earnings and Revenue Estimates

Purple Innovation (PRPL) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Purple Innovation (PRPL)

PURPLE INNOVATION, INC. (PRPL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why PURPLE INNOVATION, INC. (PRPL) Could Beat Earnings Estimates Again

PURPLE INNOVATION, INC. (PRPL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

Analysts Estimate PURPLE INNOVATION, INC. (PRPL) to Report a Decline in Earnings: What to Look Out for

Mattress company Purple Innovations Inc. said Monday that it has focused once again on its direct-to-consumer online business after a consumer shift to e-commerce in the wake of the coronavirus outbreak.

Mattress company Purple sees spike in seat cushion sales, furloughs 35% of staff for liquidity purposes

Purple Innovation, Inc. (PRPL) CEO Joe Megibow on Q4 2019 Results - Earnings Call Transcript

PURPLE INNOVATION, INC. (PRPL) delivered earnings and revenue surprises of 1025.00% and 3.96%, respectively, for the quarter ended December 2019.

PURPLE INNOVATION, INC. (PRPL) Q4 Earnings and Revenues Top Estimates

PURPLE INNOVATION, INC. (PRPL) to Report Q4 Results: Wall Street Expects Earnings Growth

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News for Purple Innovation Stock (PRPL)