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Casper Sleep Inc. (NYSE: CSPR) announces the launch of the Casper Cooling Collection™, aimed at addressing nighttime overheating issues that affect sleep quality. Research from Casper Labs revealed that 64% of respondents experience overheating while sleeping. The new collection features innovative products, including mattresses with Snow Technology, Hyperlite™ Sheets, and breathable mattress protectors. Prices start at $1,695 for the Casper Nova™ Hybrid Snow and $2,095 for the Casper Wave™ Hybrid Snow. Casper aims to enhance wellness through better sleep, supported by the new brand platform “Love Your Tomorrow.”
Casper Sleep Inc. (NYSE: CSPR) announces CEO Philip Krim and CFO Michael Monahan will participate in three virtual investor conferences in March 2021. The events include:
- UBS Global Consumer and Retail Virtual Conference on March 10 at 3:00 p.m. ET.
- BofA Securities Consumer and Retail Technology Conference on March 11 at 9:30 a.m. ET.
- 33rd Annual Roth Conference on March 15 at 9:30 a.m. ET.
Webcasts will be available on Casper's investor relations website, with replays accessible for 30 days.
Casper Sleep Inc. (NYSE:CSPR) is set to announce its fourth quarter and full-year 2020 financial results on February 24, 2021, before the market opens. A live conference call will follow at 8:00 a.m. ET to discuss the results and provide business updates. For those interested, a dial-in option is available at either 866-319-1799 (domestic) or 825-312-2362 (international). The company is dedicated to improving sleep quality with a range of engineered products including mattresses and bedding, available both online and in Sleep Shops.
Casper Sleep Inc. (NYSE: CSPR) announced key leadership changes, promoting Charles Liu to Chief Operating Officer, Dara Williams to Chief People and Diversity Officer, and George Poulios as Vice President of Retail, Real Estate and Store Development. CEO Philip Krim expressed excitement about their skills enhancing company culture and operations. Liu brings over 20 years of supply chain experience, Williams has significant HR expertise, and Poulios has a rich background in retail. These appointments aim to strengthen Casper's commitment to diversity and scaling the business.
Casper Sleep has announced its participation in the 23rd Annual Needham Virtual Growth Conference, scheduled for January 14 at 12:30 p.m. ET. CEO Philip Krim and CFO Michael Monahan will present virtually, with management available for one-on-one and group meetings with institutional investors. The presentation will be accessible via a live webcast on Casper’s investor relations website, where slides will also be available. A replay of the presentation will be posted for 90 days. For inquiries, investors can reach Casper at their provided email.
Casper Sleep reported a 3.3% decline in revenue to $123.5 million for Q3 2020, with North America revenue rising slightly by 1.8%. Direct-to-consumer sales fell 11.4% to $89.9 million, while retail partnerships saw a 28.3% increase. Gross profit increased 5.9% to $68.5 million with a margin of 55.5%, and net loss improved 31.1% to $15.9 million. Challenges included supply chain constraints impacting product availability. The outlook for Q4 2020 projects revenues between $132 million and $142 million.
Casper Sleep Inc. (NYSE:CSPR) will release its Q3 2020 financial results on November 16, 2020, before market opening. A live conference call will follow at 8:00 a.m. ET that same day, providing insights into the results and business updates. Interested parties can join the call by dialing 866-319-1799 for domestic and 825-312-2362 for international callers. A replay will be available within two hours post-call, accessible until January 16, 2021.