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Casper Reports Revenue Decrease in Third Quarter of 2020

By Ross Matican
· · Source: The Information

Casper Sleep reported a 3.3% drop in revenue to $123.5 million in the third quarter, compared to the year-earlier period. The decline was due in part to the closure of its European operations last quarter, although the company also blamed the pandemic for the decline. Casper CEO Philip Krim said in a press release that “many of our core mattresses were out of stock on our website for weeks at...

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