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Solo Brands, Inc. (NYSE: DTC) is a leading Direct-To-Consumer (DTC) platform known for its suite of premium outdoor lifestyle brands including Solo Stove, Oru, ISLE, TerraFlame, IcyBreeze, and Chubbies apparel. Since its inception in 2010, Solo Brands has been delivering well-designed fire products that help individuals reconnect with what matters most. The company's innovative products, such as the patented 'secondary burn' technology in Solo Stove, offer a hotter, near-smokeless fire experience, making outdoor gatherings more enjoyable. Solo Stove's product line includes portable fire pits, grills, and camping stoves, along with a range of accessories, cookware, and apparel.
Solo Brands' portfolio also features Oru Kayak, renowned for its lightweight, foldable kayaks, and ISLE, which offers stand-up paddle boards engineered for various skill levels and preferences. Chubbies is another key brand under Solo Brands, offering fun, premium casual wear and activewear designed for comfort and style. IcyBreeze adds to the diverse product range with its innovative portable cooler air-conditioners, perfect for outdoor activities. The recent addition of Snoop Dogg as the official 'smokesman' for Solo Stove has further boosted the brand's visibility. Known for his love of outdoor fires without the nuisance of smoke, Snoop Dogg's collaboration includes the development of a signature line of smokeless fire products, starting with a limited edition Bonfire Fire Pit bundle.
Headquartered in Grapevine, TX, Solo Brands operates through an omni-channel distribution model that includes e-commerce, strategic wholesale partnerships, and physical retail stores. This approach ensures that their innovative products reach a wide audience, enhancing outdoor experiences and fostering memorable moments. With a commitment to quality and customer satisfaction, Solo Brands continues to grow its presence in the outdoor lifestyle market.
Solo Brands, Inc (NYSE: DTC), an omni-channel platform of brands including Solo Stove, Chubbies, Oru Kayak, ISLE, TerraFlame, and IcyBreeze, has announced the release date for its second quarter fiscal 2024 financial results. The company will report its earnings on August 7, 2024, before the market opens.
A conference call is scheduled for 8:30 a.m. ET on the same day to discuss the financial results. Investors and analysts can participate by dialing +1 833 470 1428 (or +1 929 526 1599 for international callers) with the Conference ID 207489. A live webcast will be available on the company's investor relations website.
A recorded replay of the call will be accessible until August 14, 2024, and a webcast replay will be available for 1 year on the company's website.
Chubbies, under the Solo Brands portfolio (NYSE: DTC), announces a significant collaboration with Team USA and Olympic Heritage, launching a multi-year capsule series from the Paris 2024 Olympics through the LA 2028 Olympics. Starting July 12, 2024, Chubbies will release three summer capsules, each celebrating different eras of American Olympians. The first capsule, endorsed by Silver Medalist Steele Johnson, features performance polos, tees, tanks, and swim trunks. The second capsule, launching July 22, 2024, pays homage to the 1984 LA Olympics with lightweight button-up shirts and vintage-inspired prints, featuring five-time Olympic medalist Greg Louganis. The final capsule, launching August 11, 2024, anticipates the LA 2028 Olympics with vibrant tank tops and swim trunks. Each piece will be available exclusively at Chubbiesshorts.com.
Solo Brands, Inc. (NYSE: DTC) announced its first quarter 2024 financial results, showcasing a net sales decrease of $2.9 million or 3.3%. The company reported a net loss of $6.5 million, an adjusted net income decrease of 83.8%, and an adjusted EBITDA decrease of 72.1% compared to the same period in 2023. While direct-to-consumer net sales declined, wholesale net sales increased. Gross profit decreased by 7.1%, and gross margin reduced by 250 basis points due to a shift in channel mix. Selling, general, and administrative expenses increased by 8.5%, and interest expense rose by 35.9%. The company reaffirmed its full-year 2024 guidance with revenue expected to be between $490 million to $510 million and an adjusted EBITDA margin of 10% to 12%.
FAQ
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