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Jun 30, 2022
Solo Brands Q2 2022 Earnings Report
Reported strong sales growth year-over-year despite worldwide supply chain headwinds.
Key Takeaways
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.
Net sales increased by 53.3% to $136.0 million.
Direct-to-consumer revenues increased 63.2% to $116.1 million.
Gross profit increased 45.2% to $86.7 million.
Adjusted EPS for the second quarter of 2022 was $0.40.
Forward Guidance
Total revenue is expected to grow in the mid-20% range. Adjusted gross margin is planned to be above 60% of total revenue. Adjusted EBITDA margin is forecasted to be in the mid-teens as a percentage of total revenue.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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