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PRPL|ADJ. EPS -$0.13 vs -$0.13 est (+0.0%)|Rev $95.7M|Net Loss $30.6MPurple Innovation, Inc. reported a Q1 2026 adjusted loss of $0.13 per share, matching the expected loss, as the specialty mattress and sleep products company continued to navigate challenging market conditions. The company posted a net loss of $30.6M for the quarter on revenue of $95.7M, which was down 8.1% from $104.2M in Q1 2025.
The decline in revenue comes as the consumer sleep products market faces headwinds from reduced discretionary spending. Despite the top-line pressure, Purple showed some bright spots in its retail operations, with showroom comps rising 7.0% for the quarter. The company had $25 million of cash and cash equivalents at quarter-end.
For the full year, management expects revenue of $465.0M to $485.0M, even as Purple works to stabilize its business amid the competitive bedding industry landscape. Wall Street consensus stands at 5 buy, 4 hold, 0 sell, suggesting analysts see potential for the company to return to growth.
A detailed analysis of Purple Innovation, Inc.’s quarter follows shortly on AlphaStreet.
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