Solo Brands Earnings Reports

Solo Brands' Q4 2024 revenue fell 13.2% year-over-year to $143.5 million, primarily due to weaker performance in the Solo Stove segment. The company's gross profit margin improved to 61.1%, while adjusted gross profit reached $87.6 million. Adjusted EBITDA declined to $6.3 million, and adjusted net income fell to $2.3 million. Management initiated a turnaround strategy, including operational efficiencies and new leadership appointments, to stabilize the business in 2025.

Solo Brands reported Q3 2024 net sales of $94.1 million, a decrease of 14.7% compared to Q3 2023. The company experienced a net loss of $111.5 million, and adjusted EBITDA decreased to $6.5 million. Despite challenges in the direct-to-consumer channel, Solo Brands reaffirmed its full-year 2024 guidance.

Solo Brands reported a slight increase in net sales for the second quarter of 2024, but experienced a net loss. While retail sales increased, direct-to-consumer revenue declined slightly. The company lowered its full year 2024 guidance due to challenging near-term environment and softer demand trends.

Solo Brands reported a decrease in net sales to $85.3 million, a net loss of $6.5 million, and an adjusted EBITDA of $4.3 million. Despite a decline in direct-to-consumer revenue, wholesale revenue increased. The company reaffirmed its full-year 2024 revenue guidance of $490 million to $510 million and adjusted EBITDA margin guidance of 10% to 12%.

Solo Brands reported a decrease in net sales for Q4 2023, driven by lower direct-to-consumer revenue. The company experienced a significant net loss due to impairment charges, partially offset by increased wholesale revenue and reduced selling, general, and administrative expenses. Management is focused on strategic investments for long-term growth.

Solo Brands reported an 8.0% increase in net sales to $110.3 million and a net income of $3.1 million, up 176.7% compared to the third quarter of 2022. The company's wholesale revenues increased significantly, offsetting a decrease in direct-to-consumer revenues. They reaffirm full year 2023 guidance.

Solo Brands reported a decrease in net sales by 3.7% to $130.9 million, but a significant increase in net income to $11.5 million. The company's focus on profitability led to an expansion of the adjusted EBITDA margin to 19.1%. They are raising their adjusted EBITDA margin target from 16.5% to 17.5% to 17% to 18% for the full year.

Solo Brands reported a 7.3% increase in net sales to $88.2 million and a net income of $0.9 million, up 128.8% compared to the first quarter of 2022. The company's wholesale revenues increased by 52.3%, while direct-to-consumer revenues decreased by 9.1%.

Solo Brands reported strong Q4 2022 results, exceeding expectations with an 11.8% increase in net sales and a 57.2% increase in net income. The company's direct-to-consumer, wholesale, and international businesses all grew. While acknowledging ongoing macroeconomic uncertainty for 2023, Solo Brands expressed confidence in its brands and strategies.

Solo Brands reported a 47.1% increase in net sales to $102.2 million compared to Q3 2021. However, the company experienced a net loss of $4.0 million and a decrease in adjusted net income and adjusted EBITDA.

Solo Brands reported a net sales increase of 53.3% to $136.0 million compared to the second quarter of 2021. The increase was driven by activity from acquired businesses and improved demand in both the wholesale and direct-to-consumer sales channels. However, the company experienced a net loss of $19.9 million, a decrease of $39.6 million compared to the same period last year.

Solo Brands reported a 19% increase in net sales to $82.2 million, driven by acquisitions and strong wholesale results. However, the company experienced a net loss of $3.2 million and a decrease in adjusted EBITDA to $14.0 million due to increased expenses.

Solo Brands reported a significant increase in net sales and profitability for Q4 2021, driven by strong demand for its brands and strategic acquisitions. Net sales increased by 164.0% to $176.5 million, and net income rose to $12.4 million. The company is navigating challenges like supply chain and inflation while seeing tremendous opportunity for growth.

Solo Brands reported a strong third quarter with a 138.3% increase in total revenue, driven by growth across all brands, including the recently acquired Chubbies and ISLE. While net income decreased, adjusted net income and adjusted EBITDA showed significant growth, reflecting the company's strong operational performance and investments in its supply chain and marketing.