Purple Innovation Announces Consolidation of Manufacturing Operations to Accelerate Growth [Yahoo! Finance]
Purple Innovation, Inc. (PRPL)
Last purple innovation, inc. earnings: 3/9 04:05 pm
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Source: Yahoo! Finance
LEHI, Utah Aug. 22, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company with the #1 Gel Grid technology in the world, today announced the consolidation of its mattress production operations into its McDonough, Georgia facility, and the corresponding closure of two manufacturing facilities in Salt Lake City and Grantsville, Utah . The closure of the Utah manufacturing facilities is expected to be completed during the first quarter of 2025 and the consolidation into the McDonough, Georgia facility is expected to be completed by December 31 "These moves enable Purple to streamline our operations and to reinvest in technology and marketing to grow the category," said Rob DeMartini , CEO of Purple Innovation. "This decision was not made lightly. Over the past year, we have driven savings through manufacturing efficiency and supply chain initiatives, and we are confident that the consolidation of our manufacturing footprint is an important
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News
- Global Technology, Sales, and Joint Venture Expert James Gold Joins Snorble Advisory Board [Yahoo! Finance]Yahoo! Finance
- Glancy Prongay & Murray LLP Announces Investigation of Purple Innovation, Inc. (PRPL)Business Wire
- Purple Innovation, Inc. (NASDAQ: PRPL) was downgraded by analysts at Wedbush from an "outperform" rating to a "neutral" rating. They now have a $1.10 price target on the stock, down previously from $1.75.MarketBeat
- Purple Innovation Announces Consolidation of Manufacturing Operations to Accelerate GrowthPR Newswire
- Purple Innovation, Inc. (PRPL) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
PRPL
Earnings
- 8/5/24 - Miss
PRPL
Sec Filings
- 8/26/24 - Form DEFA14A
- 8/26/24 - Form DEF
- 8/22/24 - Form 8-K
- PRPL's page on the SEC website