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Purple Incurs 2nd-Quarter Slump, But Expects Better Rest of Year

While Purple incurred a second-quarter slump a major product launch during the quarter should lead to an improved second half of 2023.

Purple Innovation, Inc : Purple Innovation Reports Second Quarter 2023 Results

Purple Innovation, Inc : Purple Innovation Reports Second Quarter 2023 Results
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These 5 things caused Purple s Q2 earnings results to falter

The omnichannel mattress brand attributed its decline in second quarter net revenue to five key influencers.

Why Purple Innovation Stock Was Sinking Today

Purple's revenue tumbled, and its loss widened.

CEO Brendan Quirk narrows the focus of USA Cycling with an eye on worlds and the Olympics

It would be an understatement to say that Brendan Quick took over an organization in turmoil when he moved from his spot as USA Cycling's chairman of the board to the office of the chief executive in December 2021. Quirk wants all of that to happen, of course, but more as a byproduct of a sharpened focus on Team USA's elite athletes, the ones that will be competing over the next 10 days at the world championships in Scotland and the Paris Olympics next summer. “There was a period where I think the leadership here tried to become the signature cycling organization across America and the truth is that's not our mission,” said Quirk, who has held a USA Cycling license since the 1980s.

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