BRC Inc. Q2 revenue $107M (+12.8% YoY); net loss narrows to $0.2M from $14.5M

BRC Inc.

Net revenue $107.0M (+12.8% YoY); Wholesale +15.2%, DTC +13.6%, Outposts -15.0%.
Net loss improved to $0.2M from $14.5M loss; Adjusted EBITDA $6.3M vs $2.4M (+163.5%).
Gross margin 34.1% (+15 bps); full-year guidance reaffirmed: at least 8% revenue growth, at least 35% Adj. EBITDA growth.
Packaged coffee ACV distribution increased 2.6 points to 56.5%.
Marketing expenses as % of revenue down 50 bps to 9.8%; G&A down 35.2% to $9.3M.

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