Solo Brands Q3 net sales +8% to $110.3M; adj EPS $0.28 vs $0.15; reaffirms FY guidance

Solo Brands, Inc.

2023-Q3 EPS reported $0.20 revenue$329,458,000

Net sales $110.3M (+8% YoY); net income $3.1M vs -$4.0M in Q3 2022; GAAP EPS $0.07 vs $(0.03).
Adjusted EBITDA $15M (+33%); adjusted EPS $0.28 vs $0.15; wholesale revenue up 114% to $34M, DTC down 11.6% to $76.3M.
Reaffirmed FY2023 revenue guidance $520-$540M; adj EBITDA margin 17%-18%; expects midpoint ~$530M.
Cash $16.6M; total debt $167.5M ($75M revolver + $92.5M term loan); inventory $114.1M, down from $133M.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Solo Brands, Inc. updated its three and nine month periods ended September 30, 2023 guidance (reaffirmed).

Period: three and nine month periods ended September 30, 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 September 30, 2023.

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Source: SEC EDGAR

accession 0001870600-23-000060

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