Purple announces positive Black Friday/Cyber Monday sales; reaffirms FY2023 outlook

Purple Innovation, Inc.

Showroom channel sales up high teens, eCommerce up high single digits YoY during Nov 24-27.
Demand for highest-priced mattresses strong, indicating traction in premium/luxury segment.
Reaffirms FY2023 net revenue guidance of $510M-$520M and adjusted EBITDA loss of $(65M)-(55M).
CEO Rob DeMartini cites momentum since Path to Premium Sleep strategy launch.
Company presenting at Raymond James TMT & Consumer (Dec 5) and ROTH MKM Deer Valley (Dec 14).

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