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.
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%.
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