earnings
confidence high
sentiment positive
materiality 0.75
Solo Brands Q4 revenue up 11.8% to $197.2M; adjusted EPS $0.33; 2023 revenue guidance $520-$540M
Solo Brands, Inc.
- Q4 net sales $197.2M (+11.8% YoY); net income $19.5M (+57.2%); adjusted EPS $0.33.
- FY2022 net sales $517.6M (+28.2%); net loss $7.6M; adjusted EBITDA $87.6M (-27.5%).
- Recorded $30.6M impairment for ISLE reporting unit goodwill and trademark.
- FY2023 guidance: revenue $520-$540M; adjusted EBITDA margin 16.5%-17.5%.
- Direct-to-consumer revenue fell 2.1% in Q4 while wholesale surged 196.4%.