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Stock impact report

BRC Inc. Reports Third Quarter 2022 Financial Results

BRC Inc. (BRCC) 
Company Research Source: Business Wire
Net Revenue Increases 26% in Q3 2022 to $75.5 millionWholesale Business Grows 66% with Entry Into Food, Drug, and Mass Channel SALT LAKE CITY--(BUSINESS WIRE)--BRC Inc. (NYSE: BRCC), a rapidly growing and mission-driven premium coffee company founded to support veterans, active-duty military, first responders and serve a broad customer base by connecting consumers with great coffee and a unique brand experience, today announced financial results for the third quarter of fiscal year 2022.“Overall, we were pleased with our performance in the third quarter, which was largely driven by our continued success in the RTD (Ready-to-Drink) market and entry into the FDM (Food, Drug & Mass) channel in collaboration with Walmart,” said BRCC Founder and Chief Executive Officer Evan Hafer. “In the quarter, our RTD line continued to be the fastest growing single serve RTD coffee across all channels of trade, outpacing the RTD Coffee Category growth by 4.5x. As we look to meet this growing demand Show less Read more
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