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) delivers innovative outdoor lifestyle products through its direct-to-consumer platform, featuring brands like Solo Stove, Oru Kayak, and Chubbies apparel. This page provides timely updates on corporate developments, financial performance, and product innovations essential for understanding the company’s market trajectory.
Access official press releases, earnings reports, and strategic partnership announcements in one centralized location. Investors will find updates on operational milestones, while outdoor enthusiasts can track new product launches across fire pits, foldable kayaks, and recreational gear.
Key coverage includes quarterly financial results, patented technology advancements, and retail expansion initiatives. All content is curated to meet the needs of stakeholders seeking accurate, up-to-date information about DTC’s evolving market position.
Bookmark this page for streamlined access to Solo Brands Inc’s latest developments. Check back regularly for insights into how the company continues to shape the outdoor recreation and lifestyle sectors through design-driven solutions.
Solo Brands (NYSE: DTC) has appointed Peter Laurinaitis to its Board of Directors, bringing extensive experience in financial strategy and restructuring. Laurinaitis, formerly a Partner and Senior Advisor at PJT Partners, has a proven track record spanning three decades in financial strategy, special situations, capital-raising, M&A, and restructuring advisory.
His notable achievements include raising several billion dollars in fresh capital across various sectors and implementing restructuring strategies that managed over $100 billion in liabilities. Previously, he served as Senior Managing Director at The Blackstone Group's restructuring practice and as a turnaround consultant at Arthur Andersen. He currently serves as Independent Director of FirstElement Fuel.
Solo Brands (NYSE: DTC) reported challenging Q4 2024 results with net sales declining 13.2% to $143.5 million. The company posted a net loss of $58.2 million, or $0.63 per share. The decline was primarily driven by the Solo Stove segment, while Chubbies showed growth.
Key Q4 metrics include:
- Gross profit margin improved to 61.1%, up 280 basis points
- Operating expenses decreased 57.6% to $143.0 million
- Adjusted EBITDA was $6.3 million, representing 4.4% of net sales
The company disclosed substantial doubt about its ability to continue as a going concern. As of December 31, 2024, Solo Brands had $12.0 million in cash, $108.6 million in inventory, and outstanding borrowings of $152 million. The company is implementing a transformation plan with 30+ value accretive initiatives and evaluating strategies to refinance existing debt.
Solo Brands (NYSE: DTC), the omni-channel platform featuring brands like Solo Stove, Chubbies, Oru Kayak, ISLE, and TerraFlame, has scheduled its fourth quarter and fiscal year 2024 financial results announcement for March 12, 2025, before market opening.
The company will host a conference call at 9:00 a.m. ET to discuss strategy and financial results. Investors and analysts can join by dialing 1-866-652-5200 (international: 1-412-317-6060). A live webcast will be available on the company's investor relations website, with replay access until March 19, 2025, using access code 1021839.
Solo Brands (NYSE: DTC) has received a notice from the New York Stock Exchange (NYSE) on February 25, 2025, indicating non-compliance with continued listing standards due to its Class A common stock's average closing price falling below $1.00 over a consecutive 30 trading-day period.
The company has a six-month cure period to regain compliance with the minimum share price requirement. Solo Brands must notify NYSE within 10 business days of its intent to cure the deficiency, which may include implementing a reverse stock split, subject to board and stockholder approval.
During this period, DTC's Class A common stock will continue trading on NYSE, provided other listing requirements are met. The company can regain compliance if its stock closes at $1.00 or higher and maintains an average closing price of at least $1.00 over a 30-day trading period. The notice does not impact business operations, SEC reporting obligations, or debt commitments.
Solo Brands (NYSE: DTC) announced a leadership transition with John Larson, a board member, appointed as Interim President and Chief Executive Officer, effective immediately. Larson succeeds Chris Metz, who is stepping down from his roles as President, CEO, and board member.
Metz will remain with the company in a non-executive capacity through March 7, 2025, to ensure a smooth transition. Board Chairman Matt Hamilton expressed confidence in Larson's strategic expertise and experience with enthusiast brands to lead the company while a search for a permanent CEO is conducted.
The company confirmed that Metz's departure is not due to any disagreement with the Company or Board, or any matters relating to operations, policies, or practices. The Board will conduct a process to identify a permanent CEO.
Solo Brands (NYSE: DTC), owner of lifestyle brands Solo Stove, Chubbies, Isle, and Oru, announces its participation in the 16th Annual Southwest IDEAS Conference in Dallas on November 20, 2024. CEO Chris Metz and CFO Laura Coffey will deliver a presentation from 2:45 to 3:20 PM CT and host one-on-one investor meetings throughout the day.
The presentation will be available via live webcast on the company's investor relations website, with a replay option available afterward. Interested parties can schedule one-on-one meetings through the Three Part Advisors conference team.
Solo Brands (NYSE: DTC) reported Q3 2024 financial results with net sales of $94.1 million, down 14.7% year-over-year. The company posted a net loss of $111.5 million, with loss per share of $1.19. Direct-to-consumer revenues decreased 15.5% to $64.5 million, while retail revenues fell 12.7% to $29.7 million. Despite challenging macroeconomic conditions affecting big-ticket consumer items, Solo Brands reaffirmed its full-year 2024 guidance, expecting total revenue between $470-490 million and adjusted EBITDA margin of 9-10%.
Solo Brands (NYSE: DTC) announced it will release its third quarter fiscal 2024 financial results on November 7, 2024, before market opens. The company will host a conference call at 9:00 a.m. ET to discuss the results. A live webcast will be available on the investor relations website, with replay access until November 14, 2024. Solo Brands operates as an omni-channel platform featuring brands including Solo Stove, Chubbies, Oru Kayak, ISLE, TerraFlame, and IcyBreeze.
The New York Islanders and UBS Arena have announced a multi-year partnership with Solo Stove, a leading outdoor lifestyle brand within Solo Brands (NYSE: DTC). As part of this milestone agreement, Solo Stove becomes the first and exclusive jersey patch partner for the Islanders organization. The brand's iconic flame logo will be featured on both New York Islanders and Bridgeport Islanders jerseys for all games starting this season.
Additionally, the plaza outside UBS Arena will be renamed Solo Stove Plaza, integrating the company's innovative products throughout the space. This partnership aims to enhance fan experiences and expand Solo Stove's presence in the New York Tri-State area. To celebrate, a pregame event will be held at The Park at UBS Arena, featuring Solo Stove products, homemade pizza, and other fan activities.
Chubbies, a lifestyle apparel brand under Solo Brands (NYSE: DTC), has announced a collaboration with the NFL and appointed San Francisco 49ers tight end George Kittle as Creative Director of Football. This partnership will result in a range of NFL-licensed merchandise launching in Fall 2024, initially featuring select teams and expanding to all NFL teams by Spring 2025. Kittle will lead design efforts and drive strategy for Chubbies' NFL apparel collections, combining his on-field expertise with off-field creativity. The collaboration aims to blend Chubbies' signature fun style with Kittle's passion for football, offering fans a unique fusion of sports and fashion. Chubbies Co-Founder Rainer Castillo expressed excitement about leveraging Kittle's distinct style and the brand's creativity to deliver something special for fans.
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