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

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.

Brilliant Earth Group, Inc. (NASDAQ: BRLT), a leader in ethically sourced fine jewelry, has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference. The event will take place at the Conrad New York Downtown in New York City on September 4, 2024.

Key highlights include:

• A fireside chat presentation by CEO Beth Gerstein and CFO Jeff Kuo at 1:50pm ET
• Investor meetings throughout the day
• Live webcast of the presentation available on the company's investor relations website
• Archived webcast accessible for one year after the event

This participation offers investors an opportunity to gain insights into Brilliant Earth's strategies and performance directly from its top executives.

Brilliant Earth Group, Inc. (Nasdaq: BRLT), a leader in ethically sourced fine jewelry, has announced two key executive promotions. Pamela Catlett has been named Chief Brand Officer, overseeing brand strategy across all consumer touchpoints, including retail expansion and omnichannel experience. Sharon Dziesietnik has been appointed Chief Operations Officer, responsible for the company's overall operations, including supply chain and showrooms.

These promotions highlight Brilliant Earth's focus on driving long-term growth and operational excellence. Catlett, who joined in 2023, brings extensive experience from roles at Outdoor Voices, Under Armour, and Nike. Dziesietnik, with the company since 2012, has been instrumental in developing Brilliant Earth's operational strategy and growing its sales team to over 400 jewelry experts serving nearly 40 showrooms nationwide.

Brilliant Earth (Nasdaq: BRLT) announced its Q2 2024 financial results. Net sales declined by 4% year-over-year (YoY) to $105.4 million, aligning with guidance. Despite this, the company saw a 3.6% increase in total orders and a 17% boost in repeat orders YoY. Fine jewelry bookings surged by 29%, and gross margin rose by 320 basis points to 60.8%.

The average selling price (ASP) fell by 7.7% YoY. Net income was $1.4 million, and GAAP diluted EPS was $0.01. Adjusted diluted EPS was $0.03, surpassing expectations. Adjusted EBITDA stood at $5.5 million, also exceeding guidance.

The company plans to open three new showrooms in H2 2024. The six-month results also show a 2.5% drop in net sales to $202.8 million, with a 4.4% rise in gross profit. For Q3, the company anticipates a YoY net sales decline of 11-14% and break-even to low single-digit adjusted EBITDA.

Brilliant Earth Group (NASDAQ: BRLT), a leader in ethically sourced fine jewelry, has announced its participation in the upcoming Sidoti Micro Cap Conference. The virtual event is scheduled for August 14-15, 2024. Company management will deliver a presentation on August 14 at 4:00pm ET and engage in investor meetings throughout the conference.

Interested parties can access a live webcast of the presentation through the 'Events and Presentations' section of Brilliant Earth's investor website. An archived replay will remain available for one year following the event, providing extended access to the company's insights and strategies.

Brilliant Earth Group, Inc. (NASDAQ: BRLT), a leader in ethically sourced fine jewelry, has announced its plans to report second quarter 2024 earnings on August 8, 2024, 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 at the company's investor website, while a unique registration link is provided for the conference call. A replay of the event will be available on the investor website after the live webcast concludes.