Brilliant Earth Group, Inc. Stock Price, News & Analysis

Brilliant Earth Group (NASDAQ: BRLT), a global leader in ethically sourced fine jewelry, has scheduled its fourth quarter and full year 2024 earnings announcement for March 12, 2025, after market close. The company will host an investor conference call and webcast at 5:00pm ET/2:00pm PT on the same day to discuss financial results and business outlook. Investors can access the webcast through the company's investor website, and a replay will be available after the live event concludes.

Brilliant Earth (Nasdaq: BRLT) has received validation from the Science Based Targets initiative (SBTi) for its commitment to achieve net-zero greenhouse gas emissions by 2050. The company aims to reduce emissions across its operations (Scopes 1 and 2) and supply chain (Scope 3) to help limit global temperature rise to 1.5°C.

The company's targets include:

• Near-term: 54.6% reduction in Scope 1 and 2 emissions and 32.5% reduction in Scope 3 emissions by 2033
• Long-term: 90% reduction in Scope 1, 100% reduction in Scope 2, and 90% reduction in Scope 3 emissions by 2050

Brilliant Earth (Nasdaq: BRLT) has opened its first street-level showroom in New York City at 255 Elizabeth Street in Nolita. This expansion brings the company's total showroom count to 39 and marks its fourth location in the New York Metropolitan area. The new showroom features a jewelry try-on bar and private spaces for one-on-one appointments.

The location offers immediate purchase options for engagement rings, design-your-own pieces, and various jewelry collections, including the Jane Goodall Collection, the Perfect Collection, and the Sol Collection. The Nolita showroom joins existing locations in Manhattan, Brooklyn, and Roosevelt Field Mall on Long Island, strengthening Brilliant Earth's presence in the Northeast market.

Brilliant Earth (BRLT) reported Q3 2024 financial results with net sales of $99.9 million, down 12.5% year-over-year but within guidance range. The company achieved an 11% growth in repeat orders while total orders declined 1%. Gross margin expanded by 230 basis points to 60.8%. The company reported a GAAP net loss of $1.1 million and Adjusted EBITDA of $3.6 million. Despite challenging conditions, BRLT expanded its retail footprint to 40 showrooms and launched a new collection with Dr. Jane Goodall. The company raised its profitability guidance for the year while maintaining net sales guidance of $410-425 million.

Brilliant Earth (NASDAQ: BRLT), a global leader in ethically sourced fine jewelry, has announced its participation in the upcoming Sidoti Micro Cap Conference on November 13, 2024. The virtual event will feature a management presentation at 4:00pm ET, along with investor meetings throughout the day. The presentation will be accessible via live webcast through the company's investor website, with an archived replay available for one year after the event.

Brilliant Earth Group, Inc. (NASDAQ: BRLT), a global leader in ethically sourced fine jewelry, has announced its plans to report third quarter 2024 earnings results after the market closes on Thursday, November 7, 2024. The company will host an investor conference call and webcast to review the financial results and business outlook at 5:00pm ET/2:00pm PT on the same day.

Investors can access the webcast at https://investors.brilliantearth.com. To join the live conference call, participants need to register using the provided link: Brilliant Earth's 3Q24 Earnings Call. After registration, dial-in details and a unique conference call pin will be sent via email. A replay of the event will be available on the Brilliant Earth investor website after the live webcast concludes.

Brilliant Earth Group, Inc. (Nasdaq: BRLT) has launched the 'Rethink Everything You Know About Diamonds' campaign, featuring The Jane Goodall Collection. This campaign highlights the company's nearly two-decade leadership in ethical sourcing and diamond innovation. The Jane Goodall Collection, crafted with sustainably sourced materials, includes Capture Collection diamonds made in clean energy facilities using CO2 before atmospheric release.

The collection's design is inspired by Tanzania's banana leaves, symbolizing natural beauty and community importance. 10% of the collection's proceeds will benefit the Jane Goodall Institute, supporting habitat protection, women's health and education, local livelihoods, and environmental leadership. Available on BrilliantEarth.com and in 40 showrooms nationwide, this initiative reinforces Brilliant Earth's commitment to ethical luxury and consumer empowerment in making impactful choices.

Brilliant Earth (Nasdaq: BRLT), a leader in ethically sourced fine jewelry, is expanding its retail footprint with two new showrooms in Boston. The new Chestnut Hill showroom at 27 Bolyston Street is already open in 'The Street Chestnut Hill', while another showroom at 254 B Street in Seaport's 'The Superette' will open in November. The company is also renovating its Newbury Street location.

Co-Founder and CEO Beth Gerstein emphasized Boston's key role in their expansion. The new showrooms will feature try-on bars for a hands-on shopping experience and offer same-day purchases, personalization options, and one-on-one appointments with jewelry specialists. This expansion brings their total showroom count to nearly 40 locations nationwide.

The new showrooms will introduce customers to collections such as The Perfect Collection, The Sol Collection, and include engagement rings, Zodiac pendants, and gemstone cocktail rings.

Brilliant Earth Group, Inc. (NASDAQ: BRLT), a leader in ethically sourced fine jewelry, has expanded its international shopping capabilities to serve customers in over 150 countries worldwide. The company has partnered with Global-e, a leading e-commerce platform, to offer:

• Localized shopping experiences with product prices in local currencies
• Transparent total pricing including duties and taxes at checkout
• Preferred local payment methods
• Free shipping and returns to new markets
• Streamlined shipping and logistics

This expansion builds upon Brilliant Earth's existing localized experiences in Canada, the UK, and Australia. CEO Beth Gerstein highlighted the company's growing global brand presence, noting they have already served customers in over 50 countries.