Solo Brands Inc Stock Price, News & Analysis

Solo Brands (NYSE: DTC) is set to report its first quarter fiscal 2023 financial results on May 4, 2023, before the market opens. The company will hold a conference call at 8:30 a.m. ET to discuss the results and invites investors and analysts to participate. Interested participants can dial +1 833 470 1428 for U.S. and +1 404 975 4839 for international calls, referencing Conference ID 151331.

A live webcast will be accessible via the DTC investor relations site, with a replay available shortly after the call until June 3, 2023. Solo Brands focuses on providing innovative lifestyle products through brands like Solo Stove, Chubbies, Oru Kayak, and ISLE, aiming to enhance customer experiences.

Solo Brands, Inc. (NYSE: DTC) reported strong financial results for Q4 and full year 2022, revealing net sales of $197.2 million for Q4, up 11.8% year-over-year, and full-year sales of $517.6 million, a 28.2% increase. Net income for Q4 surged 57.2% to $19.5 million, while adjusted EPS reached $0.33. However, adjusted net income and EBITDA declined by 17.7% and 10.1%, respectively. For 2023, the company anticipates total revenue between $520 million and $540 million, amidst uncertain macro conditions affecting consumer spending.

Solo Brands, Inc. (NYSE: DTC) announced plans to report its fourth quarter and fiscal 2022 financial results on March 9, 2023, before market opening. This will be followed by a conference call at 8:30 a.m. ET to discuss the results. Interested parties can join the call by dialing +1 844 200 6205 (international callers: +1 929 526 1599) using Conference ID 483579. A live webcast will also be available on Solo Brands' investor relations website. The call's recorded replay will be accessible until March 16, 2023. Headquartered in Grapevine, Texas, Solo Brands encompasses brands like Solo Stove, Chubbies, Oru Kayak, and ISLE.

Summit Partners, a prominent alternative investment firm, has announced the promotion of 14 professionals across its global offices. Scott Ferguson, Paul Furer, Mark Nordstrom, Dayton Ogden, and Sophia Popova have been elevated to Partner, while Chris Bon, Ali Dowd, Mark Hexamer, Chelsea Jurman, Nick Oppedisano, and Jono Pagden have become Principals. Jonathan Gilman, Andy Lee, and Irina Müller have been promoted to Vice President. The firm manages over $35 billion in capital, investing across various growth sectors globally.

On January 25, 2023, Chubbies announced a partnership with NFL tight end George Kittle. Kittle, a long-time fan of the brand, will co-design limited edition collections including shorts, tees, and swimwear that reflect his personal style. The collaboration aims to infuse Kittle's creative energy into Chubbies' casual and vibrant men’s apparel. The first collection is expected to launch in Summer 2023, featuring Kittle's favorite styles available online and in select stores. This partnership is seen as a strategic move to enhance brand appeal and reach new audiences, leveraging Kittle's popularity.

Solo Brands, Inc. (NYSE: DTC) announced that its President, John Merris, and CFO, Somer Webb, will participate in a fireside chat at the 2023 ICR Conference on January 10, 2023, at 11:30 a.m. Eastern Time. The event will take place in Orlando, Florida, and will be webcast live through the Company's Investor Relations website. Solo Brands is recognized for its direct-to-consumer platform and its popular lifestyle brands, including Solo Stove, Chubbies, Oru Kayak, and ISLE.

Solo Brands, Inc. (NYSE: DTC) will participate in the Wolfe Research Virtual Consumer Conference on December 6, 2022. CEO John Merris and CFO Somer Webb will hold a fireside chat at 3:10 pm ET and conduct investor meetings throughout the event. Solo Brands is a direct-to-consumer platform offering innovative lifestyle products, including brands like Solo Stove, Chubbies, Oru Kayak, and ISLE, aimed at helping consumers create lasting memories.

Solo Brands (NYSE: DTC) reported significant growth with net sales of $102.2 million in Q3 2022, a 47.1% increase year-over-year. Despite a net loss of $4.0 million, the adjusted net income dropped 52.1% to $7.6 million. The company revised its full year revenue guidance to 15%-20% growth, down from mid-20%. SG&A expenses surged 126.4% to $174.3 million due to acquisitions and strategic investments. Cash and cash equivalents decreased to $17.2 million, with an inventory rise to $165.8 million, preparing for the holiday season.