---

Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

---

Purple

🌎 purple.com

Purple is a comfort innovation brand known for its unique Purple Grid™ technology in mattresses and other comfort products. Founded by engineer brothers Tony and Terry Pearce, the company aims to improve lives through better sleep and comfort solutions. With a focus on customer satisfaction, Purple offers a range of products including mattresses, pillows, seat cushions, and adjustable bases, all designed to provide optimal comfort and support. The brand has gained recognition for its innovative approach to sleep technology and has a strong online presence.

---

Purple - Latest News and Updates

• Purple launched the Renew Mattress Box for King and Queens at Costco, led by Director of Packaging and Merchandise Solutions Garrick Dean.
• Purple CEO Rob DeMartini expressed concerns about being disadvantaged by Tempur Sealy's proposed acquisition of Mattress Firm, which accounts for nearly a third of Purple's wholesale doors, and announced a revised 2024 revenue outlook of $486-$488 million.
• Purple expects 2024 full-year net revenue between $486 and $488 million and adjusted EBITDA between $(23) and $(21) million, with positive cash flow and adjusted EBITDA in the fourth quarter.
• Purple revised its 2024 revenue forecast to $486-$488 million and expects positive cash flow and adjusted EBITDA in the fourth quarter.
• Purple revised down its annual revenue guidance due to a challenging macro environment, according to CEO Rob DeMartini.

• Mark Miller has left Purple as a Senior Mechanical Engineer in the United States to join Asahi Refining as a Project Engineer.
• Purple is currently hiring a Software Testing and Quality Engineer II (Remote) in the United States.
• Purple is hiring a Process Engineer III in McDonough, GA, offering a salary range of $89,300 - $105,000.
• Purple is offering a $300 discount on the Rejuvenate Mattress, which features quilted luxury, zoned support, and cooling comfort, until Monday.

---

Sign up to receive regular updates

If you liked the insights, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.