Casper Sleep Inc - CSPR STOCK NEWS

Casper Sleep Inc. (NYSE: CSPR) has announced an exclusive distribution partnership with Sleep Country Canada, marking its largest Canadian distribution platform. Starting early October 2021, Casper mattresses will be available across Sleep Country's 287 retail locations and e-commerce platforms. This partnership aims to drive strategic growth and product innovation, featuring popular models like the Casper Original, Nova Hybrid, and Wave Hybrid. Both companies will collaborate on developing new products tailored to Canadian consumer preferences, enhancing customer access to Casper's award-winning sleep solutions.

Casper Sleep reported Q2 2021 results, highlighting a 44.6% revenue increase to $151.8 million, with direct-to-consumer sales up 31.3% to $99.5 million. Retail partnership revenue surged 78.9% to $52.2 million. Despite a gross profit rise of 27.1% to $72.5 million, net loss grew 39.4% to $33.7 million, largely due to a one-time lease write-off. The company anticipates Q3 revenue between $152 million and $159 million and aims for Adjusted EBITDA profitability in 2022 amid supply chain challenges.

Casper Sleep Inc. (NYSE: CSPR) will release its second quarter 2021 financial results before the market opens on August 10, 2021. The company will follow this with a live conference call at 8:00 a.m. ET to discuss these results and other business updates. Interested parties can join via phone or access the live audio webcast on Casper's investor relations page. Casper offers a range of sleep products, including mattresses and bedding, available through e-commerce and retail channels.

Bed Bath & Beyond (NASDAQ: BBBY) has formed a strategic partnership with Casper Sleep (NYSE: CSPR) to offer Casper's sleep products through its website, app, and select stores. This collaboration includes the launch of Casper's first shop-in-shop in Bed Bath & Beyond's flagship store in New York City, reopening on July 22, 2021. The partnership aims to enhance the selection of sleep solutions, featuring innovative products like the Casper Cooling Collection. Customers can also access these products via online purchasing options, including Buy Online & Pickup in Store.

Casper Sleep and Bed Bath & Beyond have partnered to bring Casper's sleep products to Bed Bath & Beyond customers, including a new shop-in-shop in NYC's flagship store reopening on July 22. This collaboration enables Casper to showcase its innovative offerings like the Cooling Collection, enhancing in-store shopping experiences. Casper products will be available in several locations and online for pickup and delivery, aligning with consumer trends in sleep and comfort. This partnership aims to leverage each brand's strengths to better serve customers.

Casper Sleep Inc. (NYSE: CSPR) has partnered with Mattress Warehouse, the largest independently-owned mattress retailer in the U.S., to expand their retail presence. This collaboration, commencing in late July, will introduce Casper's innovative sleep products, including the new Snow Technology mattresses, in over 60 Mattress Warehouse locations and online at Sleephappens.com. The partnership aims to enhance the consumer shopping experience by offering a range of premium sleep solutions designed to improve sleep quality and promote a healthier lifestyle.

Casper Sleep Inc. (NYSE: CSPR) announced CEO Philip Krim and CFO Michael Monahan will participate in three investor conferences in June 2021. The events include:

• Piper Sandler 41st Annual Consumer Marketplace Conference on June 3, 2021.
• Jefferies Virtual Consumer Conference on June 22, 2021, at 9:45 a.m. ET.
• Wells Fargo Virtual “Bricks to Clicks” Digital Conference on June 24, 2021, at 8:40 a.m. ET.

Live webcasts will be available on Casper's investor relations website.

Casper Sleep Inc. (NYSE: CSPR) reported strong financial results for Q1 2021, with North America revenue rising 20% to $127.7 million. Direct-to-Consumer revenue grew 11.1% to $93.2 million, while Retail Partnership revenue surged 53.7% to $34.4 million. Gross Profit increased 25.9% to $66.7 million, boosting gross margin to 52.2%. Net Loss improved to $21.2 million, a 38.5% reduction. The company forecasts Q2 2021 revenue of $146 to $153 million, reflecting a 36% year-over-year growth and expects full-year 2021 revenue between $580 and $610 million.

Casper Sleep Inc. (NYSE: CSPR) will release its Q1 2021 financial results on May 13, 2021, before the market opens. The company will hold a conference call at 8:00 a.m. ET to discuss the results and business updates. Interested parties can access the call via phone or a live audio webcast. Casper offers a wide range of sleep products, including mattresses and bedding, designed in-house by its R&D team. The company is focused on enhancing sleep quality and has both e-commerce and physical retail presence across North America.