BRC INC Stock Price, News & Analysis

BRC Inc. (NYSE: BRCC) reported a 26% increase in net revenue for Q3 2022, reaching $75.5 million, driven by a 66% growth in wholesale due to entry into the Food, Drug & Mass channel with Walmart. The Ready-to-Drink (RTD) segment outpaced category growth by 4.5x. However, gross profit decreased to $23.9 million, indicating financial challenges alongside a net loss of $16.1 million. The company anticipates fourth quarter revenues of $90 to $95 million, but maintains a positive outlook for 2023 with projected revenues of $500 million.

BRC Inc. (NYSE: BRCC) will announce its third quarter 2022 financial results on November 10, 2022, prior to market open. A conference call is scheduled for 8:00 a.m. ET the same day, where management will discuss the financial performance. Investors can access the call via phone or through a live webcast on the company's investor relations page. Following the call, a replay will be available until November 17, 2022.

Founded in 2014, Black Rifle Coffee Company focuses on serving premium coffee and supporting veterans and first responders.

Black Rifle Coffee Company (BRCC) has launched its fall menu featuring new drinks including the Smashed Pumpkin latte and TrickN’ Treat hot cocoa. The Smashed Pumpkin combines pumpkin pie flavors with spiced syrups, while TrickN’ Treat includes hot cocoa and candy. BRCC also reintroduces the Smokey Joe, a seasonal favorite, alongside new Pumpkin Swirl Bread. These offerings will be available at BRCC Outposts in several states, including Florida and Texas, while supplies last. The company emphasizes its commitment to veterans and high-quality coffee products.

BRC Inc. (NYSE: BRCC), a premium coffee company committed to supporting Veterans and first responders, will present at the 2022 Raymond James Consumer Conference on September 15, 2022, at 10:20 AM Eastern Time. This event showcases the company’s mission-driven focus and unique brand experience. Interested parties can access a live webcast on the company’s investor relations website, with an archived replay available post-event. Founded by Green Beret Evan Hafer in 2014, BRCC offers premium coffee products tailored for those who cherish America's values.

Black Rifle Coffee Company (BRCC) has appointed Martin Manning, a U.S. Navy Veteran, as its new Chief Human Resources Officer (CHRO). Manning's role focuses on talent acquisition in line with the company's mission to hire 10,000 Veterans. This leadership change is part of a broader strategy to scale revenue and develop an omnichannel lifestyle brand. Manning has a strong background in driving growth and building leadership teams, having previously served at Ascend Learning.

BRC Inc. (NYSE: BRCC) reported a 27% increase in Q2 2022 net revenue to $66.4 million, raising its full-year revenue outlook to $320 million+. Adjusted EBITDA for Q2 was $(10.4) million, a notable increase in net loss to $45.1 million due to non-cash fair value adjustments. While direct-to-consumer revenue fell by 7%, wholesale revenue surged by 145%, driven by ready-to-drink (RTD) products. The company also anticipates 2023 revenue of at least $500 million, with low-to-mid single-digit EBITDA margins, despite challenges from inflationary pressures and increased operational costs.

Black Rifle Coffee Company (BRCC) announced its upcoming release of second quarter 2022 financial results scheduled for August 11, 2022, prior to the U.S. stock market opening. Management will host a conference call and live webcast at 8:00 a.m. ET for a detailed discussion on these results. The replay of the call will be available until August 18, 2022. As a veteran-founded company, BRCC aims to support veterans and first responders while delivering a premium coffee experience.