Purple Innovation Q4 Earnings Call Highlights
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Fourth-quarter gross margin was about 41.9%, remaining well above the 40% quarterly margin target, though down 100 basis points from last year.
60% confidenceQ4 revenue rose about 9% year over year, with gross profit expansion and profitability improving meaningfully across the business.
60% confidenceWholesale revenue increased about 39.8% on expanded placements at Mattress Firm and momentum at Costco.
60% confidenceFourth-quarter net revenue was $140.7 million, up 9.1% year over year, led by wholesale gains partially offset by weaker e-commerce performance.
60% confidenceOperating expenses were $61.2 million, down 2.9% year over year.
60% confidencePurple generated adjusted EBITDA of about $8.8 million in Q4 and finished the year profitable, driven by a consolidated manufacturing footprint, a full quarter of expanded Mattress Firm distribution, and a significant expansion of the Costco program.
60% confidenceOver a two-year period, gross margin increased by nearly 870 basis points, driven by direct material savings, plant efficiencies, restructuring benefits, and volume leverage.
60% confidenceDTC revenue in Q4 was $71.9 million, down 9.9%, including showroom revenue up about 4.5% and e-commerce revenue down 15.3%.
60% confidencePurple exited fiscal 2025 with improving profitability and an inflection point in operating performance.
60% confidence