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. reports developments for Black Rifle Coffee, a veteran-founded branded coffee and beverage company built around packaged coffee, ready-to-drink coffee, merchandise, and retail coffee shops. Recurring updates focus on quarterly results and guidance, Wholesale and Direct-to-Consumer channel performance, expanded distribution with food and mass retailers, packaged coffee and RTD coffee velocity, and the company’s Outpost retail channel.
Company news also covers investor-conference presentations, brand positioning with military, veteran, and first-responder communities, and exchange-listing compliance disclosures related to its Class A common stock.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.