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Purple Innovation (PRPL)
NASDAQ:PRPL
Earnings Data
Report Date
Aug 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.13Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 16.22%
|Next Earnings Date:Aug 11, 2025
Earnings Call Sentiment|Neutral
While Purple Innovation faced a notable decline in overall revenue and challenges in the wholesale and e-commerce channels, they achieved significant growth in their showroom channel, improved gross margins, and strengthened their strategic position through an expanded partnership with Mattress Firm. However, the impact of tariffs and a cautious consumer environment pose ongoing challenges.Company Guidance
During the Purple Innovation First Quarter 2025 Earnings Call, the company reported revenue of $104.2 million, a 13% decline from the previous year, but in line with their guidance. Showroom sales grew by 7%, marking the fifth consecutive period of growth, while comparable sales were up 11%. Adjusted EBITDA increased by $8 million, improving by 650 basis points year-over-year. The company also achieved an adjusted gross margin exceeding 40% for the fourth consecutive quarter, with a 550 basis point improvement from the prior year. Looking ahead, Purple Innovation reaffirmed its full-year guidance with expected revenue between $465 million to $485 million and adjusted EBITDA ranging from flat to a $10 million increase. A significant development was the expansion of their partnership with Mattress Firm, anticipating more than $70 million in incremental net revenue beginning next year.Showroom Channel Growth
For the fifth consecutive period, revenue in the showroom channel grew, with a 7% increase in the first quarter and an 11% increase in comparable sales despite operating fewer locations.
Improved Gross Margins
Adjusted gross margins exceeded 40% for the fourth consecutive quarter, improving by 550 basis points compared to last year.
Adjusted EBITDA Improvement
Adjusted EBITDA increased by $8 million and 650 basis points compared to last year, aided by cost savings and restructuring efforts.
Expanded Partnership with Mattress Firm
The partnership with Mattress Firm was expanded to increase Purple mattress slots from 5,000 to 12,000 across the entire store network, expected to drive more than $70 million in incremental net revenue next year.
Successful Product Launch
The launch of the Rejuvenate 2.0 mattress line received positive feedback, with a 60% year-over-year increase in slot commitments across the wholesale channel.
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PRPL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRPL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $0.74 | $0.82 | +10.81% |
Mar 13, 2025 | $0.66 | $0.90 | +36.36% |
Nov 04, 2024 | $0.94 | $0.83 | -11.70% |
Aug 05, 2024 | $1.18 | $1.08 | -8.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Purple Innovation (PRPL) report earnings?
Purple Innovation (PRPL) is schdueled to report earning on Aug 11, 2025, TBA Not Confirmed.
What is Purple Innovation (PRPL) earnings time?
Purple Innovation (PRPL) earnings time is at Aug 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRPL EPS forecast?
PRPL EPS forecast for the fiscal quarter 2025 (Q2) is -0.11.
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