secwatch.observer — SEC 8-K summary
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Issuer:     BRC Inc. (BRCC)
CIK:        0001891101
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001891101-24-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1891101/000189110124000014/0001891101-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1891101/000189110124000014/brcc-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001891101-24-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer