Brilliant Earth Q1: net sales flat, gross margin 59.9%, EPS $0.01, beats profitability expectations

Brilliant Earth Group, Inc.

2024-Q1 EPS reported $0.01 revenue$97,337,000

Net sales $97.3M flat YoY; total orders up 13.7%, repeat orders >20%, ASP grew across product lines.
Gross margin expanded 500 bps to 59.9% from 54.9% a year ago.
Net income $1.1M vs loss of $0.4M; GAAP diluted EPS $0.01; adjusted diluted EPS $0.03; adjusted EBITDA $5.1M.
Reiterated fiscal 2024 guidance; plans to open 3 new showrooms in H2 2024 (Boston and NYC).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Brilliant Earth Group, Inc. reported three months ended March 31, 2024 results: revenue $97.3 million, net income $1.1 million, EPS $0.01. Guidance reaffirmed.

Period: three months ended March 31, 2024
Revenue: $97.3 million
Net income: $1.1 million
EPS: $0.01
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net sales of $97.3 million, approximately flat year-over-year, in line with the Company's expectations and reflecting significant share gains

View on SEC.gov

1050 earnings releases filed in the last 30 days. Browse all earnings releases →

Brilliant Earth Group, Inc. filing history →

Source: SEC EDGAR

accession 0001866757-24-000069

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.