Solo Brands Announces First Quarter Results
Solo Brands, Inc. (DTC)
Company Research
Source: Business Wire
Reaffirms Full Year 2024 Guidance GRAPEVINE, Texas--(BUSINESS WIRE)--Solo Brands, Inc. (NYSE: DTC) (“Solo Brands” or “the Company”) today announced its financial results for the three month period ended March 31, 2024.“We are pleased with our first quarter results as sales and adjusted EBITDA came in ahead of our expectations driven by strong performance in our wholesale channel. We were encouraged to see sales trends accelerate as we moved through the quarter,” said Chris Metz, Chief Executive Officer of Solo Brands. “During the quarter we made considerable progress on developing our strategic plan for our core brands, while continuing to focus on putting the right people and processes in place to position us to generate consistent long-term growth.”Consolidated First Quarter 2024 Highlights Compared to First Quarter 2023Net sales of $85.3 million, down $2.9 million or 3.3%Net loss of $6.5 million, down $7.4 millionNet loss per Class A common stock - basic and diluted of $0.06, do
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- Solo Brands, Inc. (NYSE:DTC) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock? [Yahoo! Finance]Yahoo! Finance
- Solo Brands First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Solo Brands Wholesale Revenue Increased 2.5% in Q1 [Yahoo! Finance]Yahoo! Finance
- Solo Brands Announces First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Analysts Estimate Solo Brands, Inc. (DTC) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
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