Holley Q3 2024 Earnings Report
Key Takeaways
Holley Performance Brands reported third-quarter results with net loss of $(6.3) million, and adjusted net loss of $(0.5) million. The company saw a 16% year-over-year increase in direct-to-consumer channel and a 10% median lift in B2B out-the-door sales during event windows. Distributor inventory normalization impacted overall quarterly sales.
Digital modernization and customer service optimization have been upgraded within the last year and are well positioned to drive organic growth.
Marketing events helped drive a 16% year-over-year increase in the direct-to-consumer channel.
The company saw a 10% median lift in B2B out-the-door sales during the event windows.
Moody’s Ratings Upgrades Holley’s CFR to B2.
Holley
Holley
Forward Guidance
Holley is providing the following outlook for the fourth quarter and full-year 2024: