{"schema_version":"secwatch.filing_event.v1","accession":"0001891101-24-000014","form_type":"8-K","ticker":"BRCC","cik":"0001891101","company_name":"BRC Inc.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.106746+00:00","generated_at":"2026-06-02T13:47:38.705626+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"BRCC Q1 net income $1.9M, EBITDA $14.1M; partners with KDP for K-Cup pods; FY24 guidance raised","bullets":["Q1 revenue $98.4M (+18% YoY); net income $1.9M vs loss $17.3M; Adjusted EBITDA $14.1M vs loss $5.2M.","Wholesale revenue surged 51% to $60.4M driven by FDM entry and RTD growth; DTC fell 11.4% to $32.6M.","Gross margin expanded 990 bps to 42.9% on product mix shift and lower costs.","Full-year FY24 Adj. EBITDA guidance raised to $32-42M (prev. $27-40M); gross margin expected at high end of 37-40%.","Strategic partnership with Keurig Dr Pepper for K-Cup pod manufacturing and distribution to accelerate growth and efficiency."],"urls":{"canonical":"https://secwatch.observer/filing/0001891101-24-000014","json":"https://secwatch.observer/filing/0001891101-24-000014.json","markdown":"https://secwatch.observer/filing/0001891101-24-000014.md","text":"https://secwatch.observer/filing/0001891101-24-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1891101/000189110124000014/0001891101-24-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1891101/000189110124000014/brcc-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T13:47:38.705626+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4953d536f228d41e04dba76ea6a0834d1a6259a4","claim":"BRC Inc. reported full-year fiscal 2024 results: revenue $430.0 to $460.0. Guidance raised.","evidence_excerpt":"For the full-year fiscal 2024, the Company updated its previous guidance as follows: FY2023 FY2024 Guidance (prev. reported) FY2024 Guidance (Updated) Actual Low High Low High Net Revenue(1) $ 395.6 $ 430.0 $ 460.0 $ 430.0 $ 460.0 Growth 31 % 9 % 16 % 9 % 16 % Gross Margin 31.7 % 37 % 40 % 37 % 40 % Adj. EBITDA $ 13.3 $ 27.0 $ 40.0 $ 32.0 $ 42.0 Free Cash Flow 80% Flow Through 80% Flow Through","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1891101/000189110124000014/0001891101-24-000014-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full-year fiscal 2024"},{"label":"Revenue","value":"$430.0 to $460.0"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"e4d55d559d3a9c87a9c0d1a68be3fad48f25b20f","claim":"BRC Inc. reported the quarter ended March 31, 2024 results: revenue $98.4 million, net income $1.9 million.","evidence_excerpt":"BRC Inc. Reports First Quarter 2024 Financial Results Highlights • Net Revenue increased 18% in Q1 2024 to $98.4 million, driven by Wholesale growth of 51% compared to Q1 2023 • Net Income of $1.9 million and Adjusted EBITDA of $14.1 million, an increase of $19.2 million and $19.3 million, compared to a Net Loss of $17.3 million and Adjusted EBITDA Loss of $5.2 million compared to Q1 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1891101/000189110124000014/0001891101-24-000014-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$98.4 million"},{"label":"Net income","value":"$1.9 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}