Purple Innovation (PRPL) Misses Q4 EPS by 4c, Revenues Miss; Offers FY21 Revenue Guidance Above Consensus, 1Q Revenue Views Below Consensus

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Go back to Purple Innovation (PRPL) Misses Q4 EPS by 4c, Revenues Miss; Offers FY21 Revenue Guidance Above Consensus, 1Q Revenue Views Below Consensus

Purple Innovation Reports Record Fourth Quarter and Full Year 2020 Results

March 4, 2021 7:00 AM EST

LEHI, Utah, March 4, 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 fourth quarter and year ended December 31, 2020.

Fourth Quarter Financial Summary (Comparisons versus Fourth Quarter 2019)1

Net revenue increased 39.9% to $173.9 million as compared to $124.3 million. Direct-to-Consumer (DTC) revenue increased 57%; Wholesale revenue increased 9%Gross margin was 47.2% compared to 47.7%. Operating expenses as a percent of net revenue were 42.9% as compared to 45.4%.... More