CSPR - Not Just Mattress Purple Innovation Is Our Favorite Retail Stock
Since going public via reverse merger three years ago, Purple Innovation Inc. (Nasdaq: PRPL) has been largely ignored by the investors, who were more attracted by high-flying startup Casper Sleep (Nasdaq: CSPR) and established players like Tempur Sealy International (NYSE: TPX) and Sleep Number Corp. (Nasdaq: SNBR) in the mattress space.
Operationally, Purple Innovation has made a sharp comeback after the lockdown related shutdown and furloughs. The company has successfully shifted its sales to the direct-to-consumer channel, keeping the growth momentum intact and making improvements on the margins fronts. In the meantime, the stock continues