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Since the COVID-19 pandemic, remote working has been motivating people to improve the quality of their lives and living conditions. With attractive summer offers and heightened consumer disposable income, in-part due to government rescue spending, home improvement companies have been generating rising sales. Among other products, the demand for soft, comforting, eco-friendly, and durable mattresses is on the rise as people focus more on their health and wellness. The global mattress market is expected to grow at a 7% CAGR from 2021 – 2026. And both TPX and PRPL are likely to benefit from the industry tailwinds.
But while PRPL’s stock price declined by 26.2% over the past month, TPX surged 38.5%. So, TPX is a clear winner with 73.3% gains versus PRPL’s negative returns in terms of the past year’s performance. But, which of these stocks is a better pick now? Let’s find out.
