BRC INC - BRCC STOCK NEWS

BRC Inc. (NYSE: BRCC) reported its Q4 and FY2024 financial results, showing significant improvements in profitability despite revenue challenges. The company's net loss improved to $7.6 million in 2024 from $56.7 million in 2023, while Adjusted EBITDA increased to $39.3 million from $12.8 million.

While consolidated net revenue decreased 1.0% to $391.5 million, wholesale revenue grew 8.9% compared to 2023. The company expanded its market presence with Black Rifle Energy™ launching in late Q4 through Keurig Dr Pepper partnership. Distribution metrics showed strong growth, with packaged coffee reaching 48.6% ACV (+11.5 points) and ready-to-drink coffee achieving 47.2% ACV (+3.8 points) in FDM retailers.

Q4 2024 saw revenue decline 11.5% to $105.9 million, with decreases across all channels: Wholesale (-8.6%), Direct-to-Consumer (-17.7%), and Outposts (-7.4%). However, gross margin expanded significantly to 38.1%, up 1,170 basis points year-over-year.

Black Rifle Coffee Company (NYSE: BRCC) has announced it will release its fourth quarter and fiscal year 2024 financial results on Monday, March 3, 2025, after market close. The company will host a conference call to discuss these results on Tuesday, March 4, 2025, at 8:30 a.m. ET.

Investors can access the conference call via webcast on the company's investor relations website at ir.blackriflecoffee.com. The dial-in numbers for the call are (877) 407-0609 or (201) 689-8541. A replay will be available until March 11, 2025, accessible through U.S. toll-free number (877) 660-6853 or international number (201) 612-7415, using replay passcode 13751105.

Black Rifle Coffee Company (NYSE: BRCC) presented its long-range financial targets and reaffirmed 2024 guidance at the 27th Annual ICR Conference. The company projects a 3-year revenue CAGR of 10-15% through 2027 and an adjusted EBITDA CAGR of 15-25% compared to 2024 results, with an expected gross margin rate above 40%.

The company reaffirmed its 2024 guidance, targeting net revenue of $390-395 million, gross margin rate between 40-42%, and adjusted EBITDA of $35-40 million. With the planned launch of Black Rifle Energy in 2025, the company expects temporary impacts on revenue growth and gross margins, falling below the guided 3-year rate and 40% respectively, but anticipates stronger growth in 2026 and 2027 as distribution expands and launch-related costs decrease.

Black Rifle Coffee Company (NYSE: BRCC), a veteran-founded premium lifestyle brand and coffee company, has announced its participation in the 27th Annual ICR Conference. The event will be held at Grande Lakes, Orlando, on January 14, 2025, at 8:00 AM Eastern Time.

The Investor Day presentation will feature the company's executive leadership team, who will provide a comprehensive review of Black Rifle's long-term growth strategy, profitability goals, and upcoming product innovations. The presentation will be accessible via webcast and through the company's Investor Relations website at ir.blackriflecoffee.com, where supporting materials will also be available.

Investors attending the conference are invited to participate in the presentation in person.

Black Rifle Coffee Company (NYSE: BRCC) and UFC have partnered to auction a specially designed jacket worn by Bruce Buffer during UFC 309 at Madison Square Garden. The unique suit, featuring Vietnam War-inspired tiger stripe camouflage and custom details, will be auctioned from November 16-23 to benefit the Special Operations Warrior Foundation's Children with Disabilities Program. Additionally, BRCC has announced a $250,000 direct donation to support SOWF's mission of providing education funding for children of fallen Special Operations Personnel and Medal of Honor Recipients.

BRC Inc. (NYSE: BRCC) reported Q3 2024 financial results with consolidated net revenue decreasing 2.3% to $98.2 million. Wholesale revenue grew 3.5% to $63.7 million, while Direct-to-Consumer revenue declined 11.4% to $29.0 million. The company reported a net loss of $1.4 million, improving from a $10.7 million loss in Q3 2023. Gross margin increased significantly to 42.1% from 33.9%. The company announced plans to launch Black Rifle Energy™ RTD in Q4 through a partnership with Keurig Dr Pepper for national distribution in FY25. The company increased its midpoint guidance for Gross Margin and adjusted EBITDA while narrowing full-year revenue range.

Black Rifle Coffee Company (NYSE: BRCC) has rescheduled its Investor Day to January 14, 2025, to be held at the ICR Conference in Orlando, Florida. This change was made due to unforeseen scheduling conflicts at the NYSE on Veterans Day. The event will feature:

• Presentations by Black Rifle's executive leadership team
• An in-depth overview of the company's long-term growth strategy
• Discussion of profitability goals
• Showcase of upcoming product innovations

Investors can attend in person by registering for the 27th Annual ICR Conference or via a live webcast. Registration details and conference agenda are available on the ICR Conference website (icrconference.com). Webcast access information will be provided closer to the event date.

Black Rifle Coffee Company (NYSE: BRCC) has appointed Matt McGinley as Vice President of Investor Relations. McGinley, with nearly two decades of experience as a consumer equity research analyst and a background in brand management, will focus on cultivating relationships with the investment community. He will communicate how BRCC's mission and values contribute to its financial performance by driving consumer loyalty, brand differentiation, and sustained growth.

McGinley's experience includes roles at Morgan Stanley, Evercore, and Needham, as well as brand management at Kraft Foods. He also served as an infantry officer in the U.S. Army, with deployments to Iraq and Afghanistan. McGinley holds an MBA from NYU's Stern School of Business and a BS in Finance from the University of Pittsburgh.

Black Rifle Coffee Company (NYSE: BRCC) has announced a long-term sales and distribution agreement with Keurig Dr Pepper (NASDAQ: KDP) for its new Black Rifle Energy™ drinks. The partnership combines BRCC's brand appeal with KDP's distribution network. The energy drinks, featuring 200mg of caffeine per 16-ounce can and zero sugar, will be available in four flavors. The product line is set to launch in Q4 and achieve nationwide availability by early 2025. KDP will handle distribution in most of its company-owned territories, aiming to boost retail presence and market share. This agreement expands on the existing K-Cup pod partnership between the two companies.