Brilliant Earth Q1 net sales $97.7M, gross margin 54.9%, beats guidance

Brilliant Earth Group, Inc.

2023-Q1 EPS reported $0.00 revenue$97,698,000

Net sales $97.7M (-2.3% YoY); total orders +10.1% to 35,631; AOV -11.3% to $2,742.
Gross margin expanded 480 bps to 54.9%; net loss $0.4M vs net income $3.4M a year ago.
Adjusted EBITDA $5.5M (5.7% margin); GAAP diluted EPS $0.00; adjusted diluted EPS $0.03.
Results exceeded high end of guidance for both revenue and Adjusted EBITDA; FY 2023 outlook reiterated.
Opened three new showrooms in Q1, bringing total U.S. showroom count to 28.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Brilliant Earth Group, Inc. reported the three months ended March 31, 2023 results: revenue $97.7 million, net income $0.4 million, EPS $0.00. Guidance reaffirmed.

Period: the three months ended March 31, 2023
Revenue: $97.7 million
Net income: $0.4 million
EPS: $0.00
Guidance: reaffirmed
Result: reported results

Exact text from the filing

today announced financial results for the three months ended March 31, 2023. First Quarter 2023 Highlights (quarterly period ended March 31, 2023): • Delivered net sales of $97.7 million, a 2.3% decrease from the prior year , achieving a record level of orders for the first quarter and reflecting growing demand for and resonance of the Brilliant Earth brand. •

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Source: SEC EDGAR

accession 0001866757-23-000095

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