Casper Reports Third Quarter 2020 Results
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Casper Sleep Inc. (CSPR) Misses Q3 EPS by 7c, Revenues Miss; Offers 4Q Revenue Guidance Below Consensus
November 16, 2020 6:32 AM ESTCasper Sleep Inc. (NYSE: CSPR) reported Q3 EPS of ($0.40), $0.07 worse than the analyst estimate of ($0.33). Revenue for the quarter came in at $123.5 million versus the consensus estimate of $145.91 million.
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 1.8%;European revenue was negligible due to the closure of our European operations in the second quarter of 2020, compared to approximately $6 million in the quarter ended September 30, 2019;Direct-to-Consumer Revenue decreased 11.4% to $89.9 million;Retail Partnership Revenue increased 28.3% to $33.6... More