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 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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Dedicated to helping consumers get better sleep, Purple invests in senior leadership with eyes on future growth and expansion LEHI, Utah , March 22, 2022 /PRNewswire/ -- Purple Innovation, Inc (NASDAQ: PRPL) ("Purple" or the "Company"), a leader in comfort innovation and the creator of the renowned "World's First No Pressure® Mattress, with its proprietary GelFlex™ Grid," today announced the appointment of Jeff Hutchings as its first ever Chief Innovation Officer at its Lehi, UT headquarters, effective May 1, 2022. Hutchings will oversee strategy and operations of the company's product solutions, playing a leading role in supporting Purple's future growth plans and innovation acceleration.

Purple Appoints Jeff Hutchings as Chief Innovation Officer

Purple Innovation (PRPL) delivered earnings and revenue surprises of -34.62% and 1.67%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Purple Innovation (PRPL) Reports Q4 Loss, Misses Revenue Estimates

LEHI, Utah, March 1, 2022 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," today announced results for the fourth quarter and year ended December 31, 2021. The Company also announced that its Board of Directors has appointed Robert DeMartini Chief Executive Officer, effective upon finalization of an amended and restated employment agreement.

Purple Innovation Reports Fourth Quarter and Full Year 2021 Results; Board Names Robert DeMartini as Chief Executive Officer

Purple Innovation (PRPL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Purple Innovation (PRPL) to Report a Decline in Earnings: What to Look Out for

Purple Innovation faced a manufacturing setback last year with disappointing earnings leading to a crash in the stock price.

Purple Innovation Stock: Upside On Reset Expectations

Purple Innovation Inc (NASDAQ: PRPL) is trading lower Tuesday after the company said it anticipates full-year 2021 net revenue and adjusted EBITDA at the low end of the prior guidance ranges. During the company's most recent earnings report, Purple Innovation said it expected full-year net revenue to be in a range of $720 million to $740 million.

Why Purple Innovation Shares Are Falling

Purple Innovation Inc (NASDAQ:PRPL) has appointed Robert T. DeMartini as Acting Chief Executive Officer and a member of the Board of Directors, effective immediately.

Purple Innovation CEO Resigns; Expects FY21 Sales At Low End Of Outlook

LEHI, Utah, Dec. 13, 2021 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple" or the "Company"), a comfort innovation company known for creating the "World's First No Pressure® Mattress", today announced that Robert T. DeMartini has been appointed as Acting Chief Executive Officer and a member of the Board of Directors, effective immediately.

Purple Innovation, Inc. Appoints Robert DeMartini, former President & Chief Executive Officer of New Balance, as Acting Chief Executive Officer

LEHI, Utah, Nov. 30, 2021 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company, is partnering with local and national nonprofits this holiday season to provide comfort to those in need, particularly children and families in transitional housing circumstances. This month, Purple partnered with Miry's List, a nonprofit dedicated to welcoming refugee families into communities across the nation, to provide a significant donation of bedding that will be shared across a national coalition of community-based organizations, Hello Neighbor, to support families in need.

Purple Supports Children and Families in Transitional Circumstances with Gifts of Comfort

FRG vs. PRPL: Which Stock Is the Better Value Option?

FRG vs. PRPL: Which Stock Should Value Investors Buy Now?

NEW YORK--(BUSINESS WIRE)-- #Innovation--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Purple Innovation, Inc. (“Purple” or the “Company”) (NASDAQ: PRPL) on behalf of Purple stockholders. Our investigation concerns whether Purple has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On November 9, 2021, Purple announced disappointing third quarter

PURPLE ALERT: Bragar Eagel & Squire, P.C. Is Investigating Purple Innovation, Inc. on Behalf of Purple Stockholders and Encourages Investors to Contact the Firm

Boston, Massachusetts--(Newsfile Corp. - November 11, 2021) - The Thornton Law Firm alerts investors that it is investigating potential securities violations on behalf of investors of Purple Innovation, Inc. (NASDAQ: PRPL). Investors who currently own securities of PRPL may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.com/cases/Purple for more information. Investors may also email investors@tenlaw.com or call 617-531-3917. FOR MORE INFORMATION: www.tenlaw.com/cases/PurpleOn November 9, 2021, Purple Innovation announced disappointing third quarter...

Purple Investor Alert: Thornton Law Firm Investigating Potential Securities Class Action on Behalf of PRPL Investors

Atlanta, Georgia--(Newsfile Corp. - November 11, 2021) -  Holzer & Holzer, LLC is investigating whether Purple Innovation, Inc. ("Purple" or the "Company") (NASDAQ: PRPL) complied with federal securities laws. On November 9, 2021, Purple's CEO, Joe Megibow, stated in a press release that "[o]ur third quarter results were disappointing, largely driven by impacts from our manufacturing backlog that were longer-lasting than we anticipated. Our lack of inventory impacted sales through all of our channels ....

SHAREHOLDER ALERT: Investigation of Purple Innovation, Inc. Announced by Holzer & Holzer, LLC

MILWAUKEE, Nov. 10, 2021 /PRNewswire/ -- Ademi LLP is investigating possible securities fraud claims against Purple Innovation (NASDAQ: PRPL). The investigation results from inaccurate statements Purple Innovation may have made regarding its business operations and prospects.

Ademi LLP Investigates Claims of Securities Fraud against Purple Innovation, Inc.

Shares of Purple Innovation Inc. PRPL, -22.08% plummeted 21.6% toward a 17-month low in midday trading Wednesday, after a host of rating downgrades in the wake of the mattress maker's delayed and disappointing third-quarter results and lowered outlook. No less than four of the 10 analysts surveyed by FactSet cut their ratings to the equivalent of hold, and six analysts cut their price targets.

Purple Innovations stock plummets amid multiple downgrades after earnings; kudos to BofA's Nagle for being early

The mattress company reported earnings, and investors did not like what they saw, or what the fourth quarter will likely show. Here's why.

Why Purple Innovation Stock Plunged 28% at the Open Today

Purple Innovation, Inc. (PRPL) CEO Joseph Megibow on Q3 2021 Results - Earnings Call Transcript

Shares of Purple Innovation Inc. were falling sharply in late trading Tuesday after the mattress company posted weaker-than-expected results, with management calling out a “manufacturing backlog.”

Earnings Results: Purple Innovation stock slammed after earnings as manufacturing issues hit mattress company

LEHI, Utah, Nov. 9, 2021 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," today announced results for the third quarter ended September 30, 2021. Third Quarter Financial Summary (Comparisons versus Third Quarter 2020 and 2019)[1] Net revenue decreased 8.7% to $170.8 million, compared to 2020 and increased 45.5% compared to 2019.

Purple Innovation Reports Third Quarter 2021 Results

Shares of Purple Innovation Inc. PRPL, +0.95% bounced 1.7% in afternoon trading Tuesday, putting them on track to snap a three-day losing streak, after the company delayed the release of its third-quarter earnings report till after the bell. The mattress maker was originally scheduled to release its earnings report at 7:00 a.m.

Purple Innovation stock bounces after earnings call delayed till after the close

LEHI, Utah, Nov. 9, 2021 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," today announced that it has changed the timing of its previously announced earnings conference call. The Company will now host a conference call to discuss results for the third quarter of 2021 on Tuesday, November 9, 2021 at 4:30 p.m.

Purple Innovation, Inc. Announces Earnings Call Time Change; Third Quarter 2021 Earnings Call to Occur on November 9, 2021 at 4:30 p.m. (Eastern Time)

Price has fallen due to manufacturing accidents, CFO search, and consequently heavier shorting (short is currently 14.9% of float).

Purple Innovation, Inc.: Underappreciation Yields Significant Upside

Shares of Purple Innovation Inc. PRPL, -1.54% tumbled to a 14-month low before paring some losses, after BofA Securities analyst swung to bearish from bullish on the mattress maker a day before earnings, citing "weak" online trends and a new "big" competitive threat. The stock fell as much as 7.9% to an intraday low of $17.95, the lowest price seen since Sept.

Purple Innovation stock sinks after double downgrade at BofA a day before earnings

Earnings Preview: Purple Innovation (PRPL) Q3 Earnings Expected to Decline

LEHI, Utah, Nov. 2, 2021 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," will report third quarter 2021 financial results on Tuesday, November 9, 2021, at approximately 7:00 a.m. ET. The Company will hold a conference call that day at 8:30 a.m.

News for Purple Innovation Stock (PRPL)