Purple Innovation Reports Record First Quarter 2021 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/21/2026
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Oil price dips to $100 on hopes of US-Iran diplomacy, partial recovery in Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- Pennsylvania measles cases near 800 as outbreak grows
- A timeline of Trump administration moves to weaken endangered species protections
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
Purple Innovation (PRPL) Tops Q1 EPS by 7c, Revenues Beat; Raises FY21 Revenues Mid-Point Guidance Above Consensus, 2Q Revs. View Above Consensus
May 17, 2021 7:05 AM EDTPurple Innovation (NASDAQ: PRPL) reported Q1 EPS of $0.17, $0.07 better than the analyst estimate of $0.10. Revenue for the quarter came in at $186.4 million versus the consensus estimate of $167.16 million.
First Quarter Financial Summary (Comparisons versus First Quarter 2020)1
Net revenue increased 52.3% to $186.4 million, compared to $122.4 million.Direct-to-Consumer (DTC) revenue increased 54.8%; Wholesale revenue increased 47.6%.Gross margin improved to 46.9% compared to 43.5%.Operating expenses as a percent of net revenue were 37.9% compared to 37.3%.Operating income increased 125.3% to $16.9 million compared to operating income of $7.5 million.Net income was $20.9... More