earnings
confidence high
sentiment positive
materiality 0.75
BRC Q3 net loss narrows to $1.4M; guides higher gross margin; Black Rifle Energy launch with KDP
BRC Inc.
2024-Q3 EPS reported
-$0.01
revenue$285,613,000
- Revenue $98.2M (-2.3% YoY); wholesale up 3.5% to $63.7M, DTC down 11.4% to $29.0M, Outposts down 11.4% to $5.5M.
- Net loss improved to $1.4M (from $10.7M loss); Adjusted EBITDA up $0.9M to $7.1M; gross margin rose 820 bps to 42.1%.
- Narrowed full-year revenue guidance; increased midpoint for gross margin and adjusted EBITDA.
- Black Rifle Energy RTD launching Q4 2024; manufacturing and distribution partnership with Keurig Dr Pepper for national FY25 rollout.
- ACV for RTD products increased 530 bps to 47.3%; coffee products on track for most major grocery chains by end of 2025.