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Purple Innovation (PRPL) Reports Q1 Loss, Misses Revenue Estimates
ZACKS· 2025-05-06 22:55
Financial Performance - Purple Innovation reported a quarterly loss of $0.11 per share, better than the Zacks Consensus Estimate of a loss of $0.14, and an improvement from a loss of $0.19 per share a year ago, representing an earnings surprise of 21.43% [1] - The company posted revenues of $104.17 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.13%, and down from $120.03 million in the same quarter last year [2] - Over the last four quarters, Purple Innovation has surpassed consensus EPS estimates three times [2] Stock Performance - Purple Innovation shares have declined approximately 14.9% since the beginning of the year, compared to a decline of 3.9% for the S&P 500 [3] - The current Zacks Rank for Purple Innovation is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $112.75 million, and for the current fiscal year, it is -$0.30 on revenues of $471.52 million [7] - The trend of estimate revisions for Purple Innovation is mixed, which could change following the recent earnings report [6] Industry Context - Purple Innovation operates within the Consumer Products - Staples industry, which is currently ranked in the bottom 27% of over 250 Zacks industries, indicating potential challenges ahead [8]
Purple(PRPL) - 2025 Q1 - Earnings Call Transcript
2025-05-06 20:30
Purple Innovation (PRPL) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today. At this time, I would like to welcome everyone to the Purple Innovation First Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer I would now like to turn the conference over to Stacy Turnoff. ...
Purple(PRPL) - 2025 Q1 - Quarterly Results
2025-05-06 20:04
Exhibit 99.1 Purple Innovation Reports First Quarter 2025 Results; Reaffirms 2025 Guidance Exceeded Q1 Adjusted EBITDA Target; Delivered Q1 Sales Consistent with Guidance GAAP Gross Margin of 39.4% in Q1; Adjusted Gross Margin Above 40% for Fourth Consecutive Quarter Lehi, Utah, May 6, 2025 – 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 first quarter ended March 31, 2025. "Our fir ...
Purple(PRPL) - 2025 Q1 - Quarterly Report
2025-05-06 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37523 PURPLE INNOVATION, INC. (Exact name of registrant as specified in its charter) | Delaware | 47-4078206 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | 4100 NORTH CHAPEL RIDGE ROAD SUITE 200 FOR THE QUARTERLY PERIOD ENDED MARCH 3 ...
Purple Announces Significant Expansion of Commercial Relationship with Somnigroup
Prnewswire· 2025-05-06 20:00
Agreements meaningfully increase Purple's footprint in Mattress Firm stores nationwide and provide Purple with strategic supply support from Tempur Sherwood Bolsters Mattress Firm's position as a multi-branded retailer offering customers more choice and value, while enabling Somnigroup to participate in Purple's future success Purple secures substantial new debt financing to support expansion with Mattress Firm and continued investments in innovation and advertising LEHI, Utah, May 6, 2025 /PRNewswire/ -- P ...
Purple Innovation to Report First Quarter 2025 Results on May 6, 2025
Prnewswire· 2025-05-02 20:07
LEHI, Utah, May 2, 2025 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," will report first quarter 2025 financial results on Tuesday, May 6, 2025 at approximately 4:05 p.m. ET. The Company will hold a conference call that day at 4:30 p.m. ET to review the financial results.Investors and analysts interested in participating in the call are invited to dial 800-715-9871 (domestic) or 646-307-1963 (inter ...
Purple Mattress: Should You Buy This Mattress in 2025?
GlobeNewswire News Room· 2025-04-30 19:34
Lehi, Utah, April 30, 2025 (GLOBE NEWSWIRE) -- Proper body alignment is vital to good health, whether exercising, sitting, or sleeping. Sleeping is especially important because it involves being immobile for so many hours.If you want to wake up in the morning without stiffness, aches, or pains, this Purple mattress review will show you how its patented GelFlex Grid keeps you aligned and comfy. Discover how science can help you sleep like someone has cast a magic spell on you. Overview of Purple Mattress Pu ...
Purple(PRPL) - 2024 Q4 - Earnings Call Transcript
2025-03-14 05:36
Purple Innovation (PRPL) Q4 2024 Earnings Call March 14, 2025 01:36 AM ET Company Participants Stacy Turnof - Senior Vice PresidentRobert DeMartini - CEO & DirectorTodd Vogensen - Chief Financial OfficerBobby Griffin - Managing Director Conference Call Participants Matthew Koranda - MD & Senior Research AnalystBrian Nagel - MD & Senior Analyst - Consumer Growth & eCommerceJeremy Hamblin - Senior Research Analyst Operator Thank you for joining Purple Innovation's Fourth Quarter twenty twenty four Earnings Ca ...
Purple(PRPL) - 2024 Q4 - Annual Report
2025-03-13 22:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as ...
Purple Innovation (PRPL) Reports Q4 Loss, Tops Revenue Estimates
ZACKS· 2025-03-13 22:30
Company Performance - Purple Innovation reported a quarterly loss of $0.07 per share, better than the Zacks Consensus Estimate of a loss of $0.08, and an improvement from a loss of $0.15 per share a year ago, representing an earnings surprise of 12.50% [1] - The company posted revenues of $128.98 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.18%, but down from $145.94 million in the same quarter last year [2] - Over the last four quarters, Purple Innovation has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - Purple Innovation shares have declined approximately 9.6% since the beginning of the year, compared to a decline of 4.8% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is -$0.10 on revenues of $115.5 million, and for the current fiscal year, it is -$0.28 on revenues of $491.85 million [7] Industry Outlook - The Consumer Products - Staples industry, to which Purple Innovation belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Purple Innovation's stock performance [5]