BRC INC Stock Price, News & Analysis

Black Rifle Coffee Company (BRCC) has appointed Chris Mondzelewski as Chief Marketing Officer, effective May 1, 2023. Mondzelewski, a former marketing leader at Mars with over 20 years of experience, will shape BRCC's marketing strategy to enhance business growth and market share across all channels. His robust background includes roles that led to transformative growth in the $12B+ Global Petcare segment at Mars. Concurrently, Heath Nielsen, Chief Retail Officer, is leaving the company, with Co-CEO Tom Davin taking over his responsibilities. Founder and CEO Evan Hafer expressed optimism about Mondzelewski's ability to leverage the company's strong brand momentum following recent market successes.

Black Rifle Coffee Company (BRCC) announced that its management team will present at the D.A. Davidson 6th Annual Consumer Growth Conference on March 21, 2023, at 12:30 PM Eastern Time. This event showcases BRCC's commitment to providing premium coffee while supporting veterans and first responders. A live webcast of the presentation will be available on the company's investor relations page, with an archived replay to follow. Founded in 2014 by Green Beret Evan Hafer, BRCC focuses on connecting consumers with a unique coffee experience and is dedicated to the American way of life.

BRC Inc. (NYSE: BRCC) reported a strong financial performance for 2022, with net revenue increasing by 29% to $301 million. The wholesale channel saw a remarkable rise of 114% to $119 million, marking a significant entry into the Food, Drug, and Mass markets, where BRCC became the #4 bagged coffee brand at Walmart. The fourth quarter net revenue reached $93.6 million, up 30.3% year-over-year. Despite a net loss of $20 million, the company anticipates 2023 net revenue between $400-$440 million and projects gross margins of 36% - 37.5%.

BRC Inc. (BRCC), known as Black Rifle Coffee Company, has announced a change in the timing for its fourth quarter and full-year fiscal 2022 conference call, now set for March 15, 2023, at 4:30 p.m. ET. Investors can access the call via a live connection or through a recorded replay available until March 22, 2023. Additionally, the Company will hold its 2023 Annual Meeting of Stockholders on May 5, 2023, which will be conducted virtually. Detailed participation instructions will be provided in the upcoming proxy statement. Black Rifle Coffee Company is dedicated to supporting veterans and first responders while delivering premium coffee.

Black Rifle Coffee Company (BRCC) announced it will report its Q4 and full-year 2022 financial results on March 15, 2023, prior to the market opening. The management will host a conference call at 8:00 a.m. ET to discuss performance. Interested parties can join the call via a dedicated line or through a webcast on the company's investor relations page. The annual meeting for stockholders is scheduled for May 5, 2023, to be held virtually. The details on how to participate will be included in the company's proxy statement to be filed with the SEC.

BRC Inc. (NYSE: BRCC), a mission-driven premium coffee company supporting veterans and first responders, will present at the 25th Annual ICR Conference on January 9, 2023, at 9:00 AM Eastern Time in Orlando, Florida. The event will be available via webcast on the company's investor relations website, with an archived replay accessible after the live presentation. Founded in 2014 by Green Beret Evan Hafer, BRCC focuses on delivering premium coffee and a unique customer experience.

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.