earnings
confidence high
sentiment positive
materiality 0.75
Brilliant Earth Q2 net sales $115.1M (+5.7% YoY), Adj. EBITDA $5.8M, raises annual guidance
Brilliant Earth Group, Inc.
- Net sales of $115.1M exceeded guidance; gross margin 57.9%, up 360 bps sequentially.
- GAAP net income $0.8M vs. loss of $1.1M YoY; adjusted EBITDA $5.8M, up 81.3% YoY.
- Fine jewelry bookings grew 32% YoY; total orders down 2.1% but AOV up 7.9% to $2,238.
- Raised annual Adjusted EBITDA guidance; opened 43rd showroom in San Antonio.
- Adjusted diluted EPS $0.03 vs. $0.01 YoY; operating expense leverage improved 250 bps.