−Removed: We lease a manufacturing facility
−Removed: in McDonough, Georgia with approximately 844,000 square feet.
−Removed: In August 2024, we initiated our Restructuring Plan to strategically
−Removed: realign our operational focus to achieve operations efficiencies that are expected to improve profitability and provide for reinvesting
−Removed: in technology and marketing initiatives.
−Removed: The Restructuring Plan is comprised of the permanent closure of two Utah manufacturing facilities
−Removed: to consolidate mattress production in our Georgia plant.
−Removed: The closure of the manufacturing facilities in Grantsville, Utah with 574,000
−Removed: square feet and Salt Lake City, Utah with 67,000 square feet is planned to be completed in the second quarter 2025.
−Removed: Our facility in Salt
−Removed: Lake City was acquired in the Intellibed acquisition in August 2022.
−Removed: In January 2025, we leased an approximately 198,000 square foot distribution
−Removed: and fulfillment facility in West Valley City, Utah, that will be opened in April 2025.
−Removed: We also lease a building with approximately 61,000
−Removed: square feet in Draper, Utah that serves as our innovation center.
−Removed: In addition, we lease approximately 30,000 square-feet of office space
−Removed: in Lehi, Utah for our corporate headquarters.
−Removed: As of December 31, 2024, we had 58 Purple showrooms under lease with 12 located in California,
−Removed: six in Texas, four in Utah and 36 located in 23 other states throughout the United States.
+Added: We lease a manufacturing facility in McDonough, Georgia with approximately
+Added: 844,000 square feet.
+Added: In January 2025, we leased an approximately 198,000 square foot distribution and fulfillment facility in West Valley
+Added: City, Utah, that opened in April 2025.
+Added: We also lease a building with approximately 61,000 square feet in Draper, Utah that serves as our
+Added: innovation center and approximately 30,000 square-feet of office space in Lehi, Utah for our corporate headquarters.
+Added: The Restructuring
+Added: Plan included the permanent closure of two Utah manufacturing facilities to consolidate mattress production in our Georgia plant.
+Added: closure of the manufacturing facilities in Grantsville, Utah with 574,000 square feet and Salt Lake City, Utah with 67,000 square feet
+Added: was completed in the second quarter 2025.
+Added: We are currently subleasing the space in those building to other tenants.
+Added: As of December 31,
+Added: 2025, we had 55 Purple showrooms under lease with 11 located in California, six in Texas, four in Utah and 34 located in 22 other states
+Added: throughout the United States.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.