Business
Purple Innovation Reports First Quarter 2025 Results; Reaffirms 2025 Guidance
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 first quarter ended March 31, 2025.
About this update from Purple Innovation, Inc.
[{"type":"text","content":"Exceeded Q1 Adjusted EBITDA Target; Delivered Q1 Sales Consistent with Guidance ","length":79,"tagName":"p","attribs":{}},{"type":"text","content":"GAAP Gross Margin of 39.4% in Q1; Adjusted Gross Margin Above 40% for Fourth Consecutive Quarter","length":96,"tagName":"p","attribs":{}},{"type":"text","content":"LEHI, Utah, May 6, 2025 /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 first quarter ended March 31, 2025.","length":273,"tagName":"p"},{"type":"image","alt":"Purple (PRNewsfoto/Purple Innovation, Inc.)","displaySize":"","headline":null,"caption":"Purple (PRNewsfoto/Purple Innovation, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":123,"url":"https://media.zenfs.com/en/prnewswire.com/6f6783d29573843b0916ff8fdb549bad"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/FBY_n3uZq9mMacLoLKxXXQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIxNztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/6f6783d29573843b0916ff8fdb549bad","width":400,"height":123}},"href":"https://mma.prnewswire.com/media/639182/Purple_mattress_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Our first quarter performance reflects continued progress against our strategic priorities to stabilize and strengthen the business, and position Purple for long-term success," said Rob DeMartini, CEO of Purple Innovation. "Revenue was in line with expectations, led by positive showroom growth, while continued improvement in gross margin and cost control drove Adjusted EBITDA ahead of guidance."","length":419,"tagName":"p"},{"type":"text","content":"DeMartini continued, "As we move forward, our focus is on unlocking growth through continued innovation, including the full rollout of our Rejuvenate 2.0 collection, promoting our unique Gel Grid differentiation, and further optimizing our operations. Though the current economic environment remains uncertain, including the evolving impact of tariffs, we believe the structural improvements we have achieved, and investments we have made across innovation and partnership expansion, position us to navigate near-term pressures and deliver sustained growth over time."","le...