earnings
confidence high
sentiment negative
materiality 0.80
Solo Brands Q3 net loss $111.5M on $94.1M sales; impairments and write-downs hit results
Solo Brands, Inc.
2024-Q3 EPS reported
-$1.31
revenue$311,013,000
- Net sales $94.1M, down 14.7% YoY; DTC channel fell 15.5% to $64.5M.
- Net loss $111.5M ($1.19 EPS loss) vs prior-year net income of ~$3M; adjusted EPS $0.02.
- Recorded $18.7M IcyBreeze inventory write-down, $43.2M IcyBreeze impairment, $25M Solo Stove goodwill impairment.
- Adjusted EBITDA $6.5M, down from $15.0M; full-year revenue guidance reaffirmed at $470M-$490M.
- Cash $12.5M, total debt $162.5M; inventory $106.8M.