Purple reports Q2 EPS (16c), one estimate (27c)
Reports Q2 revenue $103.0M, one estimate $94.9M. Reports Q2 gross margin 41.5% vs. 42.0% last year, Adjusted EBTIDA $6.2M vs. ($3.5M) last year. "The positive top-line momentum we experienced at the start of the year carried over into the second quarter," said Joe Megibow, Chief Executive Officer. "We once again delivered strong year-over-year revenue growth as our wholesale door expansion and enhanced marketing programs are continuing to drive greater awareness of the Purple brand and create even greater demand for our differentiated product offering. Importantly, the initiatives we have successfully deployed in our manufacturing, supply chain, and fulfillment processes combined with advancements with our marketing effectiveness are yielding improved operating margins, and generating increased cash flows."