Purple Innovation (PRPL) Misses Q3 EPS by 16c; adjusts guidance

Purple Innovation (NASDAQ: PRPL) reported Q3 EPS of ($0.18), $0.16 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $140 million versus the consensus estimate of $158.53 million.

GUIDANCE:

Based on results for the first nine-months of 2023 and a more cautious view of industry demand for the remainder of the year, the Company is adjusting its outlook.

Purple Innovation sees FY2023 revenue of $510-520 million, versus the consensus of $558.9 million.

For earnings history and earnings-related data on Purple Innovation (PRPL) click here.

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