20% YoY Growth in North America Revenue, Including 54% YoY Growth in Retail Partnership Channel
Company Raises Full Year 2021 Financial Outlook to Reflect Favorable Business Trends
Casper Sleep Inc. (“Casper” or the “Company”) (NYSE: CSPR) today announced financial results for the quarter ended March 31, 2021 (the “first quarter 2021” or “first quarter”).
First Quarter 2021 Financial Highlights (as compared to the quarter ended March 31, 2020)
North America revenue increased 20.0% to a first quarter record of $127.7 million;
North America Direct-to-Consumer revenue, inclusive of Casper’s 70 retail stores and e-commerce channel, increased 11.1% to $93.2 million;
North America Retail Partnership revenue increased 53.7% to $34.4 million;
Gross Profit increased $13.7 million or 25.9% to $66.7 million with gross margin of 52.2%, up 540 basis points;
Casper Launches a New Cooling Collection Just in Time for Summer
Hot sleepers, rejoice! Casper
It s no secret that your quality of sleep directly impacts your quality of life. So it basically goes without saying that finding the perfect mattress, pillows, and sheets is of the utmost importance. But for some people, a restful night s sleep is merely a pipe dream, even with the ideal bed setup. A recent study conducted by Casper found that 48.9% of Americans get hot or overheat in their sleep. With nearly half of the population struggling with the same problem, the experts at Casper set out to design a new line of products to help them beat the heat and sleep peacefully through the night.