---
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"
generated_at: "2026-06-02T13:47:38.705626+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# BRCC Q1 net income $1.9M, EBITDA $14.1M; partners with KDP for K-Cup pods; FY24 guidance raised

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001891101-24-000014
- JSON: https://secwatch.observer/filing/0001891101-24-000014.json
- Plain text: https://secwatch.observer/filing/0001891101-24-000014.txt

## Key facts
- Earnings Releases
  BRC Inc. reported full-year fiscal 2024 results: revenue $430.0 to $460.0. Guidance raised.
  - Period: full-year fiscal 2024
  - Revenue: $430.0 to $460.0
  - Guidance: raised
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1891101/000189110124000014/0001891101-24-000014-index.htm
- Earnings Releases
  BRC Inc. reported the quarter ended March 31, 2024 results: revenue $98.4 million, net income $1.9 million.
  - Period: the quarter ended March 31, 2024
  - Revenue: $98.4 million
  - Net income: $1.9 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1891101/000189110124000014/0001891101-24-000014-index.htm

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