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Sep 30, 2024
Solo Brands Q3 2024 Earnings Report
Solo Brands' Q3 2024 results were in line with expectations, but direct-to-consumer channel sales were challenged.
Key Takeaways
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.
Net sales decreased by 14.7% to $94.1 million compared to Q3 2023.
Net loss was $111.5 million, a decrease of $114.5 million year-over-year.
Direct-to-consumer channel net sales decreased by 15.5% to $64.5 million.
The company reaffirmed its full-year 2024 revenue guidance of $470 million to $490 million.
Revenue by Segment
Forward Guidance
Solo Brands reaffirmed its full year 2024 outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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