BRC Inc. Reports First Quarter 2024 Financial Results
BRC Inc. (BRCC)
Company Research
Source: Business Wire
HighlightsNet Revenue increased 18% in Q1 2024 to $98.4 million, driven by Wholesale growth of 51% compared to Q1 2023Net Income of $1.9 million and Adjusted EBITDA of $14.1 million, an increase of $19.2 million and $19.3 million, compared to a Net Loss of $17.3 million and Adjusted EBITDA Loss of $5.2 million compared to Q1 2023Increased 2024 guidance to Adjusted EBITDA of $32.0 million to $42.0 million with Free Cash Flow conversion of ~80% of Adjusted EBITDA2024 Gross Margin now expected to be at the high end of the range of guidance of 37% - 40%Enters into strategic partnership with Keurig Dr Pepper for K-Cup pod manufacturing and distribution SALT LAKE CITY--(BUSINESS WIRE)--BRC Inc. (NYSE: BRCC, the "Company"), the rapidly-growing, mission-driven premium coffee company creating long-term shareholder value through innovative brand strategy that elevates the service community, today announced financial results for the first quarter of fiscal year 2024.“I am pleased with BRCC's
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BRCC
News
- BRC Inc. (NYSE: BRCC) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Can BRC INC (BRCC) Climb 41.19% to Reach the Level Wall Street Analysts Expect? [Yahoo! Finance]Yahoo! Finance
- BRC INC (BRCC) Upgraded to Strong Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- BRC Inc. (NYSE: BRCC) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $7.00 price target on the stock, up previously from $6.00.MarketBeat
- BRC Inc. (NYSE:BRCC): When Will It Breakeven? [Yahoo! Finance]Yahoo! Finance
BRCC
Earnings
- 5/8/24 - Beat
BRCC
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/7/24 - Form 4
- BRCC's page on the SEC website