Solo Brands Q1 net sales up 7.3% to $88.2M; net income turns positive at $0.9M

Solo Brands, Inc.

2023-Q1 EPS reported $0.01 revenue$88,207,000

Net sales of $88.2M up 7.3% YoY; net income of $0.9M vs loss of $3.3M in Q1 2022.
Wholesale rev $33.5M (+52.3%); DTC rev $54.8M (-9.1%); gross margin 61.7%.
Adjusted EBITDA $15.4M (+10%); adjusted EPS $0.16 vs $0.19; free cash flow $12.9M.
Reaffirms FY 2023 guidance: revenue $520-540M, adj EBITDA margin 16.5-17.5%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Solo Brands, Inc. updated its the three month period ended March 31, 2023 guidance (reaffirmed).

Period: the three month period ended March 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Solo Brands, Inc. (the “Company”) issued a press release regarding the Company’s financial results for its fiscal quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001870600-23-000023

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