Welcome to our dedicated page for BRC news (Ticker: BRCC), a resource for investors and traders seeking the latest updates and insights on BRC stock.
BRC Inc. (NYSE: BRCC), operating as Black Rifle Coffee Company, regularly issues news and updates that reflect its role as a Veteran-founded, mission-driven premium beverage company and lifestyle brand. Company press releases provide details on financial performance, distribution gains across packaged coffee, Ready-to-Drink (RTD) coffee, and Black Rifle Energy, as well as developments in its direct-to-consumer, wholesale, and Outpost channels.
On this page, readers can follow BRCC news related to quarterly and annual financial results, preliminary earnings updates, and guidance for net revenue, gross margin, and Adjusted EBITDA. The company frequently discusses distribution metrics such as All Commodity Volume (ACV) for its beverage categories and comments on channel trends in wholesale, e-commerce, and Black Rifle Coffee shops.
News items also cover capital markets activity, including underwritten offerings of Class A common stock made under a shelf registration statement, as well as participation in investor conferences and non-deal roadshows. These announcements are typically accompanied by references to investor presentations and webcasts, giving insight into how management communicates its strategy and outlook.
In addition, BRC Inc. uses press releases to announce leadership and governance changes, such as the appointment of a new Chief Financial Officer or the addition of experienced beverage and consumer industry executives to its Board of Directors. These updates highlight the company’s focus on financial discipline, operational capabilities, and alignment with its mission-driven culture.
Investors and followers of BRCC can use this news feed to review the company’s latest earnings releases, conference participation, capital raising activities, and corporate appointments, alongside the mission statements that emphasize support for Veterans, active-duty military, and first responders.
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.
BRC Inc. (NYSE: BRCC) reported Q2 2024 financial results, showing mixed performance. Net revenue decreased 3% to $89.0 million, while wholesale revenue grew 8%. The company achieved significant profitability improvements, with Adjusted EBITDA increasing to $8.5 million from $0.1 million in Q2 2023. Gross margin expanded by 680 basis points to 41.9%. BRC announced the Q4 launch of Black Rifle Energy™ RTD, a clean energy alternative for national distribution in FY25. The company reiterated its full-year adjusted EBITDA guidance of $32 million to $42 million but revised its revenue guidance downward to $385-$415 million. Despite challenges in DTC and Outpost segments, BRC remains focused on operational excellence and expanding its wholesale presence.
Black Rifle Coffee Company (NYSE: BRCC) is expanding into the energy product category with a new line of Black Rifle Energy™ beverages. Set to launch in late Q4 and arrive nationwide in early 2025, these drinks feature BRCC's proprietary Energy Blend with naturally sourced caffeine. The company, known for its premium coffee and pro-American values, sees this as an opportunity to enter the $20 billion energy beverage market and strengthen relationships with existing customers while attracting new ones.
CEO Chris Mondzelewski emphasized that this move aligns with BRCC's commitment to product innovation and its core mission of supporting the service community. As the fastest-growing brand in the ready-to-drink coffee space, BRCC aims to revolutionize the premium beverage market with this bold entry into energy drinks.
Black Rifle Coffee Company (NYSE: BRCC) announces its Investor Day on Veterans Day, November 11, 2024, at the New York Stock Exchange. This event aims to showcase the company's growth, strategic vision, and service-forward mission. Founded by special operations veterans, BRCC has rapidly grown in the super premium coffee market while supporting veteran and first responder causes.
The Investor Day will include:
- A review of the Long Range Plan for growth and profitability
- Interaction with the extended leadership team
- A session with a guest speaker from a BRCC-supported Veteran Service Organization
- A tasting of BRCC's premium coffee
CEO Christopher Mondzelewski emphasizes the event's focus on both business achievements and commitment to the service community. Interested investors should RSVP by October 1, 2024.
Black Rifle Coffee Company (NYSE: BRCC) has announced the dates for its second quarter 2024 earnings release and conference call. The company will release its Q2 2024 results on Wednesday, August 7, 2024, after market close. A conference call to discuss the financial results will be held on Thursday, August 8, 2024, at 8:30 a.m. Eastern Time.
Investors can listen to the conference call via webcast on the company's website at ir.blackriflecoffee.com. For those unable to participate, a replay will be available until August 15, 2024. The U.S. toll-free replay dial-in number is (877) 660-6853, and the international replay dial-in number is (201) 612-7415, with the replay passcode 13747286.
Black Rifle Coffee Company (NYSE: BRCC) has been recognized on Circana’s 2023 New Product Pacesetters list. The company achieved the #4 spot among C-Store pacesetters and ranked #8 in the Food and Beverage New Products category out of 100 evaluated brand launches. This acknowledgment highlights BRCC's innovative approach and growing customer base despite the pandemic's impact. CEO Christopher Mondzelewski expressed pride in their mission-driven focus, which has resonated with consumers seeking premium coffee experiences. BRCC offers a diverse range of products, including Ready-to-Drink coffees, coffee pods, cold brew packs, and veteran-forward apparel, demonstrating its commitment to both quality and community support.
Black Rifle Coffee Company (NYSE: BRCC) announced the appointment of Major General Clayton Hutmacher and Lawrence “Chip” Molloy to its Board of Directors, effective June 7, 2024.
Clayton Hutmacher is the President and CEO of the Special Operations Warrior Foundation and has extensive military leadership experience, including roles in the U.S. Special Operations community. Lawrence “Chip” Molloy brings vast financial and retail experience, having served as CFO at Sprouts Farmers Market, Under Armour, and PetSmart, among others. CEO Chris Mondzelewski believes their combined expertise will strengthen the company’s strategic execution and long-term shareholder value.
BRC Inc. reported impressive financial results for Q1 2024, with a notable 18% increase in net revenue to $98.4 million, driven by a 51% growth in Wholesale. The company achieved a net income of $1.9 million and an Adjusted EBITDA of $14.1 million, marking a significant improvement from Q1 2023. BRC Inc. raised its 2024 guidance for Adjusted EBITDA to $32.0-42.0 million and Gross Margin is expected to be at the high end of 37%-40%. Additionally, the company entered into a strategic partnership with Keurig Dr Pepper for K-Cup pod manufacturing and distribution, enhancing its product offerings and market reach.
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