CSPR - Casper Sleep rallies after positive update on Q2 trends

Casper Sleep (CSPR) trades higher after the company issues guidance above expectations and points to strong trends. The company sees Q2 revenue of $146M to $153M vs. $134M consensus and expects FY21 revenue of $580M to $610M vs. $592M consensus. Casper CEO Philip Krim also gave a positive assessment on how the current quarter is progressing. "In the second quarter, we continue to successfully execute on our three core strategic priorities including: expanding our product offering with the launch of our new Casper Cooling Collection, increasing brand awareness with the introduction of the new ‘Love Your Tomorrow’ brand platform, and growing points of retail distribution. We continue to see strong demand signals across our business, and expect top-line growth to accelerate in the coming quarters and are raising our full year 2021 financial outlook to reflect these favorable trends. With the significant opportunities in front of us, we remain confident

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Casper Sleep rallies after positive update on Q2 trends