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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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Teikametrics (NYSE: DTC) announces that John Merris, CEO of Solo Brands, has joined its board of directors. Merris will represent the voice of the seller on Teikametrics’ board. Since joining as CEO, Merris has grown Solo Brands from $16M in revenue in 2018 to $517M in 2022. He has successfully navigated the company through 3 key transactions, including two to private equity, first in 2019 to Bertram Capital and then again in 2020 to Summit Partners. In 2021, John led the successful IPO of the company under the ticker symbol “DTC.” Teikametrics CEO, Alasdair McLean-Foreman, expressed excitement about Merris joining the board, highlighting his leadership and marketing skills, and the shared vision of AI transforming marketplace advertising. Merris also praised Teikametrics' AI deployment in eCommerce and its planned innovations over the next several months.
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Solo Brands (NYSE: DTC) - Snoop Dogg to be the official 'smokesman' for Solo Stove, promoting the smokeless fire pit. Snoop Dogg announces he's giving up smoke and will support Solo Stove's quest to eliminate smoke from backyards. Solo Stove's fire pit has inspired Snoop Dogg to go smokeless, as he aims to enjoy sitting by a fire without coughing and smelling like smoke.
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Solo Brands, Inc. (NYSE: DTC) reported net sales of $110.3 million for Q3 2023, up 8.0% from Q3 2022, and net income of $3.1 million, up 176.7%. Adjusted EBITDA increased by 33.0% to $15.0 million. For the nine months ended 2023, net sales were $329.5 million, up 2.8%, and net income was $15.5 million, up 157.2%. The company expects full year 2023 revenue in the range of $520 to $540 million, with an Adjusted EBITDA margin of 17% to 18%.
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Solo Brands, Inc. announces CFO transition and reaffirms guidance for fiscal year 2023
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Solo Stove joins Macy's Thanksgiving Day Parade with 'Igniting Memories' float.
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Chubbies launches second collection with brand ambassador George Kittle, inspired by pro wrestling
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Solo Brands to participate in fireside chat at Piper Sandler Growth Frontiers Conference
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IcyBreeze Cooling, a leading manufacturer and distributor of portable air conditioning and cooling products, has been acquired by Solo Brands. The acquisition closed on July 1, 2023. IcyBreeze's products combine portable AC with an insulated cooler, making them perfect for outdoor enthusiasts. Solo Brands, based in Grapevine, Texas, develops lifestyle products through multiple brands. Generational Equity facilitated the transaction.
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Solo Brands, Inc. (NYSE: DTC) Raises Full Year 2023 Adjusted EBITDA Margin Guidance
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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

DTC Rankings

DTC Stock Data

120.47M
27.58M
0.97%
124.41%
7.94%
Sporting and Athletic Goods Manufacturing
Manufacturing
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United States of America
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