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Solo Brands, Inc. - $DTC STOCK NEWS

Welcome to our dedicated page for Solo Brands news (Ticker: $DTC), a resource for investors and traders seeking the latest updates and insights on Solo Brands stock.

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.

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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%.

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Solo Brands, Inc. (NYSE: DTC) will release its first Quarter Fiscal 2024 financial results on May 9, 2024. The company will hold a conference call to discuss the results at 8:30 a.m. ET. Investors can participate by dialing +1 833 470 1428 or accessing the webcast on the company's investor relations website.
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Solo Stove, a brand under Solo Brands (NYSE: DTC), is hosting an innovative culinary event called 'Deepest Dish' to celebrate Deep Dish Pizza Day. The event will take place 10 stories beneath the Earth's crust in Alabama's Majestic Caverns. Livestreamed on Facebook, the event features a cooking class led by expert chef Matt Frampton using Solo Stove's Pi Prime Pizza Oven. Attendees can expect giveaways, discounts, and prizes. The unique location and Solo Stove's cutting-edge pizza oven promise a one-of-a-kind culinary experience.
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Solo Brands, Inc. (NYSE: DTC) appoints PMG as the media Agency of Record for Solo Stove, aiming to enhance marketing efficiency and drive business growth. The new partnership focuses on data-driven insights and precision in performance marketing to deepen consumer connections and expand brand reach.
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Solo Brands, Inc. (NYSE: DTC) has been named one of the World’s Most Innovative Companies of 2024 by Fast Company, ranking No. 2 in the Consumer Goods category. The company's commitment to innovation and consumer-centric product development has led to significant growth and recognition. Solo Stove, Chubbies, ISLE, Oru Kayak, and IcyBreeze are some of the beloved brands under Solo Brands, each pioneering innovation in their respective industries.
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Solo Brands, Inc. (NYSE: DTC) announces its financial results for Q4 2023 and full year 2023, highlighting a decline in net sales and net loss. The company's CEO emphasizes the need for infrastructure development and strategic investments for future growth.
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Solo Brands, Inc. (NYSE: DTC) to Report Q4 and Fiscal 2023 Results; Conference Call Scheduled.
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Solo Brands, Inc. (NYSE: DTC) has appointed Laura Coffey as Chief Financial Officer and Michael McGoohan as the newly created Chief Growth Officer and Executive Vice President. Both will report to Christopher Metz, President and CEO. Laura brings over 25 years of retail experience, previously serving as EVP and CFO for The Vitamin Shoppe and in various financial roles at Pier 1 Imports. Michael has over 20 years of consumer business leadership experience, most recently as CMO for Central Garden & Pet. The company aims to unlock the value of its brands and execute the next chapter of its growth.
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Solo Stove, a home and outdoor lifestyle brand within Solo Brands (NYSE: DTC), has announced brand partnerships with top chef Ann Kim and outdoor survivalist Zachary Fowler. Kim, a James Beard Award-winning chef, will introduce Solo Stove's award-winning Pi Pizza Oven, while Fowler, winner of History Channel's show Alone, will showcase Solo Stove's smokeless fire pits and grill accessories. The brand ambassadors will connect audiences to Solo Stove's passion for fire, cooking, and unforgettable moments, reflecting the company's commitment to the outdoors, food, and togetherness.
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Solo Brands, Inc. (NYSE:DTC) provided updates on its 2023 full-year sales and EBITDA guidance, as well as the appointment of Christopher T. Metz as its new President, Chief Executive Officer, and Director of the Board. The company announced a decrease in revenue expectations to $490-500 million from the previous $520-540 million, and a decrease in adjusted EBITDA margin to 14-15% from the previous 17-18%. The appointment of Chris Metz as the new CEO was hailed as a strategic move to drive growth and transform the company, while also expressing gratitude to the outgoing CEO, John Merris.
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FAQ

What products does Solo Brands, Inc. specialize in?

Solo Brands, Inc. specializes in premium outdoor lifestyle products, including smokeless fire pits, foldable kayaks, stand-up paddle boards, portable cooler air-conditioners, and casual apparel.

What is the 'secondary burn' technology by Solo Stove?

The 'secondary burn' technology by Solo Stove creates a hotter, near-smokeless fire by allowing preheated oxygen to feed back into the fire chamber, reducing smoke and increasing efficiency.

Which brands are part of Solo Brands, Inc.?

Solo Brands, Inc. includes Solo Stove, Oru Kayak, ISLE, TerraFlame, IcyBreeze, and Chubbies apparel.

Where is Solo Brands, Inc. headquartered?

Solo Brands, Inc. is headquartered in Grapevine, Texas.

How does Solo Brands, Inc. distribute its products?

Solo Brands, Inc. utilizes an omni-channel distribution model that includes e-commerce, strategic wholesale partnerships, and physical retail stores.

Who is the official 'smokesman' for Solo Stove?

Snoop Dogg is the official 'smokesman' for Solo Stove, promoting their smokeless fire products.

What is included in the Snoop Dogg x Solo Stove collaboration?

The Snoop Dogg x Solo Stove collaboration includes a limited edition Bonfire Fire Pit bundle, featuring a fire pit designed by Snoop, a fire pit stand, a bucket hat, and a sticker pack.

What type of kayaks does Oru offer?

Oru offers lightweight, foldable kayaks that are easy to transport and store.

What kind of apparel does Chubbies offer?

Chubbies offers fun, premium casual wear and activewear designed for comfort and style.

What is IcyBreeze known for?

IcyBreeze is known for its innovative portable cooler air-conditioners, perfect for outdoor activities.

Solo Brands, Inc.

NYSE:DTC

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120.47M
27.58M
0.97%
124.41%
7.94%
Sporting and Athletic Goods Manufacturing
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