---
schema_version: "secwatch.filing_event.v1"
accession: "0001891101-23-000017"
form_type: "8-K"
ticker: "BRCC"
cik: "0001891101"
company_name: "BRC Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:58:45.571860+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BRC Inc. Q1 revenue up 27% to $83.5M, net loss $17.3M; reaffirms FY2023 guidance; appoints new CMO

## Summary
- Net revenue $83.5M (+27% YoY); wholesale revenue $40.0M (+82% YoY) led by FDM and RTD expansion.
- Net loss $17.3M; Adjusted EBITDA $(5.1)M, sequential improvement from $(11.4)M in Q4 2022.
- Reaffirms FY2023 guidance: revenue $400-$440M, gross margin 36%-37.5%, adjusted EBITDA $5M-$20M.
- Appoints Chris Mondzelewski as CMO; former Chief Growth Officer for Mars' $12B+ Global Petcare business and US Marine Corps veteran.
- Gross margin 33.0% down 230 bps due to raw coffee costs and $1.8M startup costs for new RTD products.

## SEC filing metadata
- accession: 0001891101-23-000017
- form_type: 8-K
- ticker: BRCC
- cik: 0001891101
- company_name: BRC Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1891101/000189110123000017/0001891101-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1891101/000189110123000017/brcc-20230505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001891101-23-000017
- JSON: https://secwatch.observer/filing/0001891101-23-000017.json
- Plain text: https://secwatch.observer/filing/0001891101-23-000017.txt

## Key facts
- Earnings Releases
  BRC Inc. reported first quarter ended March 31, 2023 results: revenue $83.5 million, net income $17.3 million. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Revenue: $83.5 million
  - Net income: $17.3 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: First Quarter 2023 Financial Details • Net revenue of $83.5 million was an increase of 27% year-over-year. • Gross profit increased year-over-year to $27.5 million representing a 33% gross margin. • Net loss of $17.3 million • Adjusted EBITDA (non-GAAP) of $(5.1) million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1891101/000189110123000017/0001891101-23-000017-index.htm
- Shareholder Votes
  BRC Inc. shareholders approved Ratification of the Appointment of the Independent Registered Public Accountants at the 2023-05-05 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-05
  source text: The stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The voting results were as follows: For Against Abstain 125,212,826 295,318 4,870,386
  evidence_url: https://www.sec.gov/Archives/edgar/data/1891101/000189110123000017/0001891101-23-000017-index.htm
- Shareholder Votes
  BRC Inc. shareholders approved Election of Directors at the 2023-05-05 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-05
  source text: The stockholders elected both of the Class I nominees to serve as directors until the Company’s Annual Meeting of Stockholders in 2026. The voting results were as follows: Nominee For Withheld Broker Non-Votes Kathryn Dickson 106,974,428 12,522,290 10,881,812 Roland Smith 111,492,016 8,004,702 10,881,812
  evidence_url: https://www.sec.gov/Archives/edgar/data/1891101/000189110123000017/0001891101-23-000017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.