earnings
confidence high
sentiment negative
materiality 0.75
BRC Inc. Q3 net revenue $75.5M (+26% YoY); net loss $16.1M; cuts Q4 outlook to $90-95M
BRC Inc.
2022-Q3 EPS reported
-$1.54
revenue$207,695,000
- Net revenue $75.5M (+26% YoY); Wholesale revenue grew 66% on Walmart FDM channel entry.
- Gross margin fell to 32% from 40% YoY; RTD production issues caused $3.5M in costs and revenue credits.
- Net loss widened to $16.1M from $4.1M YoY; Adjusted EBITDA $(5.3)M vs $0.1M in Q3 2021.
- Q4 2022 revenue outlook reduced to $90-95M due to production disruptions; FY 2023 outlook maintained at $500M revenue.
- DTC revenue +2% to $38.1M; Outpost revenue +65% to $5.2M with 11 company-owned stores.