Casper Sleep Inc. (CSPR) Misses Q3 EPS by 7c, Revenues Miss; Offers 4Q Revenue Guidance Below Consensus

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Go back to Casper Sleep Inc. (CSPR) Misses Q3 EPS by 7c, Revenues Miss; Offers 4Q Revenue Guidance Below Consensus

Casper Reports Third Quarter 2020 Results

November 16, 2020 6:30 AM EST

COVID-19 and Supply Chain Impacted Third Quarter 2020 Revenue of $123.5 million

Continued Strength in Retail Partnership Channel, up 28% YoY

Gross Margins of 55.5%, up 480 basis points YoY

NEW YORK--(BUSINESS WIRE)-- Casper Sleep Inc. (Casper or the Company) (NYSE: CSPR) today announced financial results for the quarter ended September 30, 2020 (the third quarter 2020 or third quarter).

Third Quarter 2020 Financial Highlights (as compared to the quarter ended September 30, 2019)

Revenue decreased 3.3% to $123.5 million; North America revenue increased $2.2 million or... More