Brilliant Earth Q2 net sales $105.4M (-4% YoY); gross margin +320bps to 60.8%; adj. EBITDA $5.5M beats guidance

Brilliant Earth Group, Inc.

2024-Q2 EPS reported $0.02 revenue$202,763,000

Net sales $105.4M, down 4% YoY; total orders up 3.6% and repeat orders up 17% YoY.
Gross margin expanded 320bps to 60.8%; net income $1.4M; GAAP diluted EPS $0.01; adjusted diluted EPS $0.03.
Adjusted EBITDA $5.5M (5.2% margin) exceeded company guidance; fine jewelry bookings up 29% YoY.
AOV declined 7.7% to $2,374; wedding/anniversary bands and engagement rings saw ASP growth.
On track to open 3 new showrooms in H2 2024: two in Boston and first street-level NYC location.

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.