LEHI, Utah—Coronavirus lockdowns in the U.S. helped Purple, an online bed-in-a-box maker and retailer, grow sales 54 percent in the first half of 2020.
The company recorded sales of $287.5 million in the half. Adjusted EBITDA across the business rose 487 percent and hit $35.2 million. In the same period in the previous year that figure was $6 million.
"It was a record-breaking (second) quarter from both a revenue and operating income standpoint as our organization successfully capitalized on the strengths of our business model and the changes in consumer buying behavior brought on by coronavirus," CEO Joe Megibow said.