secwatch.observer — SEC 8-K summary
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Issuer:     BRC Inc. (BRCC)
CIK:        0001891101
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001891101-24-000022
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1891101/000189110124000022/0001891101-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1891101/000189110124000022/brcc-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001891101-24-000022

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