BRCC Q2 revenue falls 3% to $89M; net loss narrows to $1.4M; cuts FY2024 revenue guidance

BRC Inc.

2024-Q2 EPS reported $0.00 revenue$187,409,000

Net revenue $89.0M, down 3% YoY; net loss improved to $1.4M from $14.7M loss.
Adjusted EBITDA $8.5M vs $0.1M; gross margin rose 680 bps to 41.9%.
Wholesale +7.6% to $53.8M; DTC -13.3% to $30.0M; Outpost -28.4% to $5.3M.
FY2024 revenue guidance cut to $385-415M (prev. $430-460M); EBITDA guidance reiterated at $32-42M.
Announced Q4 launch of Black Rifle Energy RTD for national distribution in FY25.

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