Purple Innovation Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]
Purple Innovation, Inc. (PRPL)
Last purple innovation, inc. earnings: 3/9 04:05 pm
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sec.gov/archives/edgar/data/1643953/000121390017007952/f8k072717ex99-1_globalpartnr.htm
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Source: Yahoo! Finance
LEHI, Utah March 12, 2024 /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, 2023 Fourth Quarter Financial Summary (Comparisons versus Fourth Quarter 2022 and Third Quarter 2023) Net revenue was $145.9 million , an increase of 1.1% compared to 4Q22 and an increase of 4.2% compared to 3Q23. Direct-to-Consumer (DTC) revenue increased 4.3% compared to 4Q22 and increased 2.4% compared to 3Q23. Wholesale revenue decreased 2.7% compared to 4Q22 and increased 6.7% compared to 3Q23. Gross margin was 33.2% compared to 34.6% in 4Q22 and 33.8% in 3Q23. Adjusted gross margin, which excludes discounts and transitional costs associated with the new product transition, was 36.7% in 4Q23 compared to 37.1% in 3Q23. Operating expenses were $64.7 million , or 44.3% of revenue compared to $61.9 million , or 42
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News
- Purple to Report First Quarter 2024 Results on May 7, 2024 [Yahoo! Finance]Yahoo! Finance
- Purple to Report First Quarter 2024 Results on May 7, 2024PR Newswire
- Fast-paced Momentum Stock Purple Innovation (PRPL) Is Still Trading at a Bargain [Yahoo! Finance]Yahoo! Finance
- Purple Innovation, Inc. (NASDAQ: PRPL) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $2.50 price target on the stock.MarketBeat
- Purple Innovation, Inc. (NASDAQ: PRPL) had its price target raised by analysts at Wedbush from $1.25 to $2.25. They now have an "outperform" rating on the stock.MarketBeat
PRPL
Earnings
- 3/12/24 - Beat
PRPL
Sec Filings
- 4/25/24 - Form ARS
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- PRPL's page on the SEC website