Solo Brands: New CEO Hoping To Reignite Growth [Seeking Alpha]
Solo Brands, Inc. (DTC)
Company Research
Source: Seeking Alpha
Revenues declined significantly in Q4 2023 and the company booked a large goodwill impairment charge. Metz and the new senior leadership team are focusing on reigniting the growth story for the company's core brands, Chubbies and Solo Stove. Since my first article , Solo Brands ( NYSE: DTC ) has tanked as the stock is down over 60% since that time. In my prior article, I was bullish on the company's innovative products, and I liked that the company had been able to increase revenue over the last several years. A lot has changed since my last article as Solo Brands replaced prior CEO John Merris and has completely overhauled their leadership team. The company also saw a noticeable decline in revenue and had a large impairment charge which I mentioned I saw as a potential risk. I still like the company's products, yet I have to reassess my take on the company given the recent events. Let's dig into the details and I'll explain why I'm not as bullish on this micro-cap stock.
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DTC
News
- Analysts Estimate Solo Brands, Inc. (DTC) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Solo Brands, Inc. First Quarter Fiscal 2024 Financial Results To Be Released Thursday, May 9, 2024 [Yahoo! Finance]Yahoo! Finance
- Solo Brands, Inc. First Quarter Fiscal 2024 Financial Results To Be Released Thursday, May 9, 2024Business Wire
- Solo Brands (NYSE:DTC) Might Have The Makings Of A Multi-Bagger [Yahoo! Finance]Yahoo! Finance
- Q4 Earnings Highs And Lows: Solo Brands (NYSE:DTC) Vs The Rest Of The Leisure Products Stocks [Yahoo! Finance]Yahoo! Finance
DTC
Earnings
- 3/14/24 - Beat
DTC
Sec Filings
- 4/10/24 - Form 4
- 4/10/24 - Form 4
- 4/10/24 - Form 4
- DTC's page on the SEC website