earnings
confidence high
sentiment negative
materiality 0.80
Solo Brands Q2 net loss $4.0M, adjusted EPS $0.04; cuts FY 2024 revenue guidance to $470-490M
Solo Brands, Inc.
2024-Q2 EPS reported
-$0.11
revenue$216,874,000
- Net sales $131.6M (+0.5% YoY); net loss of $4.0M vs net income of $11.6M in Q2 2023.
- Adjusted net income $6.0M (down 66.2%); adjusted EBITDA $15.5M (down 38.2%).
- Direct-to-consumer revenue $98.8M (-0.9%); retail revenue $32.8M (+4.8%).
- Full year 2024 guidance lowered: revenue $470M-$490M, adjusted EBITDA margin 9-10%.
- CEO cites softer Q3 demand trends and cautious stance due to macroeconomic uncertainty.