BRC Q3 revenue $100.5M (+33% YoY); net loss narrows to $10.7M; Adj. EBITDA turns positive at $6.2M

BRC Inc.

2023-Q3 EPS reported -$0.21 revenue$275,974,000

Net revenue $100.5M (+33% YoY); wholesale revenue $61.5M (+91%); DTC $32.8M (-14%); outpost $6.2M (+20%).
Gross profit $34.1M (+42%); gross margin 33.9% vs 31.7% a year ago on favorable mix shift.
Net loss $10.7M compared to $16.1M loss in Q3 2022; Adjusted EBITDA $6.2M vs -$5.8M.
Operating expenses fell to 41% of revenue (52% in Q3 2022) as salaries and marketing scaled.
Company expects to meet 2023 revenue and Adj. EBITDA guidance; gross margin below prior range due to non-cash RTD inventory charge.

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