Purple Innovation Reports Second Quarter 2021 Results and Provides 2021 Guidance
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Purple Innovation (PRPL) Misses Q2 EPS by 7c, Revenues Beat; Issues Solid Back Half Guidance
August 9, 2021 4:33 PM EDTPurple Innovation (NASDAQ: PRPL) reported Q2 EPS of $0.05, $0.07 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $182.6 million versus the consensus estimate of $176.99 million.
"Following a very good start to 2021, demand for the Purple brand has remained strong especially in our wholesale channel as consumers are increasingly returning to shopping brick and mortar retail," said Joe Megibow, Chief Executive Officer. "Unfortunately, our recent performance was impacted by isolated manufacturing challenges that limited our ability to fulfill a meaningful portion of demand during the second quarter. While this... More
