Casper Sleep Inc. has released financial comps for the third quarter of 2021.
Third Quarter 2021 Financial Highlights:
Revenue increased 26.8% to an all-time quarterly record of $156.5 million;
Direct-to-Consumer revenue, inclusive of Casper’s 72 retail stores and e-commerce channel, increased 6.7% to $96.5 million;
Retail Partnership revenue increased 78.6% to $60.0 million;
Cash and cash equivalents were $43.1 million on September 30, 2021
“Our strong top-line growth of 26.8% and ability to onboard additional world-class retail partners, such as Sleep Country, continues to underscore the strength of our brand and value proposition of our award-winning mattresses and sleep products,” said Casper’s Chief Executive Officer, Philip Krim.
Casper’s recent efforts to expand their brick-and-mortar channel has shown significant growth for the brand. The company now has 72 retail stores and ongoing partnerships with dozens of retailers to sell their products in locations across the nation.
Source: Casper Press Release
Photo Credit: Casper