While the company is pleased with the positive quarter to-date results the category remains challenged, therefore the company is reiterating its full year outlook. For 2023, Purple still expects net revenue to be in the range of $510M-$520M and negative adjusted EBITDA between ($65M)-($55M).
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Read More on PRPL:
- Purple Innovation downgraded to Hold from Buy at Craig-Hallum
- Purple Innovation price target lowered to $1 from $3 at Wedbush
- Purple Innovation price target lowered to $6 from $8 at KeyBanc
- Purple Innovation now sees FY23 revenue $510M-$520M, consensus $562.58M
- Purple Innovation reports Q3 adjusted EPS (18c), consensus (2c)