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Sep 30, 2021
Solo Brands Q3 2021 Earnings Report
Announced third quarter fiscal 2021 results and raised 2021 guidance.
Key Takeaways
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.
Total revenue grew by 138.3% to $69.4 million compared to the third quarter of last year.
Net income decreased by (79.4)% to $2.1 million.
Adjusted EBITDA increased by 56.7% to $18.2 million compared to the third quarter last year.
Full-year guidance was raised, with total revenue expected to be between $344 million and $352 million.
Forward Guidance
Solo Brands raised its full-year guidance and expects total revenue to be between $344 million and $352 million, and Adjusted EBITDA to be between $107 million and $109 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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