BRC reports FY 2024 net loss improvement to $7.6M; sees FY 2025 revenue $395M-$425M

BRC Inc.

Q4 revenue $105.9M (-11.5% YoY); net loss $6.7M vs $14.0M loss last year.
FY 2024 net loss improved to $7.6M from $56.7M; adjusted EBITDA rose to $39.3M from $12.8M.
Wholesale revenue grew 8.9% in FY 2024; DTC fell 17.7% in Q4 due to ad spend reallocation.
Gross margin expanded to 41.2% in FY 2024 from 31.7% in FY 2023.
FY 2025 guidance: revenue $395M-$425M (1%-9% growth), gross margin 37%-39%, adj. EBITDA $20M-$30M.

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