Solo Brands Inc Stock Price, News & Analysis

Solo Brands, Inc. (NYSE: DTC) has appointed Somer Webb as Chief Financial Officer (CFO) effective May 16, 2022, succeeding Sam Simmons, who will assist in the transition. Somer brings over 15 years of financial experience, previously serving as CFO at Kent Outdoors and Worldwide Express. The company also announced the addition of two new Board members, Mike Dennison and Dave Powers, who bring valuable expertise in innovation and retail. CEO John Merris expressed confidence in the new appointments as important steps for the company's growth.

Solo Brands, Inc. (DTC) reported financial results for Q1 2022, with net sales increasing 19% to $82.2 million. However, the company recorded a net loss of $3.2 million and adjusted net income fell 58.7% to $11.1 million. Direct-to-consumer revenues dipped by 3.3%, while wholesale revenues surged by 223.6%. Although gross profit rose by 5.1%, gross margin decreased to 59.4%, affected by rising logistics costs. The company maintains its revenue guidance for 2022, expecting $540 million to $570 million in total revenue.

Solo Brands, Inc. (NYSE: DTC) announced it will report its Q1 fiscal 2022 financial results on May 12, 2022, before market opening. Investors are invited to join a conference call at 8:30 a.m. ET to discuss these results. Participants can dial 844-200-6205 or +1 929-526-1599 for international calls, using Conference ID 147929. A live webcast will be available on the company’s investor relations website, and a recorded replay will be accessible until May 19, 2022.

Solo Brands, Inc. (NYSE: DTC) reported impressive financial results for Q4 and full-year 2021. In Q4, net sales soared by 164% to $176.5 million, and net income increased significantly to $12.4 million. For the entire year, net sales reached $403.7 million, a 202.6% rise, with net income of $56.5 million. Adjusted EBITDA for Q4 was $43.1 million, up 55.1%, and for the full year, it was $120.9 million, a 120.3% increase. The company anticipates revenue between $540 million and $570 million for FY 2022.

Solo Brands, Inc. (NYSE: DTC) will announce its Q4 and fiscal year 2021 financial results on March 29, 2022, before market opening. A conference call is scheduled for 8:30 a.m. ET to discuss the results. Investors can join by calling 844-200-6205 or through a live webcast on the company's investor relations website. A replay will be available until April 5, 2022. Solo Brands, based in Grapevine, TX, operates innovative consumer brands including Solo Stove, Chubbies, Oru Kayak, and ISLE.

Solo Brands, Inc. (NYSE: DTC) announced the transition of Chief Financial Officer Sam Simmons this year, with a search underway for his successor. Simmons has been pivotal in integrating new brands and facilitating a successful IPO in 2021. CEO John Merris expressed gratitude for Simmons’ contributions. The company reaffirms its fourth-quarter and full-year guidance for 2021, with results expected in late March. The release highlights the importance of accurate financial reporting and includes forward-looking statements regarding future performance.

Solo Brands, Inc. (NYSE: DTC) has raised its full-year 2021 revenue guidance to $400-$402 million, significantly exceeding prior estimates of $344-$352 million. The anticipated fourth-quarter revenue is expected to be between $173-$175 million, with adjusted EBITDA projected at $43-$44 million. The company reported organic revenue growth of 170% for the Solo Stove brand and 60% combined for other brands. The preliminary pro-forma revenue is estimated at $482 million, marking a 130% increase year-over-year.

Solo Brands, Inc. (NYSE: DTC), a direct-to-consumer platform for lifestyle brands, will present at the 24th Annual ICR Conference virtually on January 10, 2022, at 11:00 am ET. CEO John Merris and CFO Sam Simmons will host the presentation. Investors can access the live webcast on the Company’s Investor Relations website, with an online archive available afterward. Solo Brands includes brands like Solo Stove, Chubbies, Oru Kayak, and ISLE paddleboards, focusing on innovative products for memorable consumer experiences.

Solo Brands, Inc. (NYSE: DTC) reported a 138.3% increase in total revenue for Q3 FY 2021, reaching $69.4 million compared to $29.1 million year-over-year. However, net income dropped 79.4% to $2.1 million versus $10.3 million last year. Adjusted net income rose by 39.7% to $15.8 million. The company raised its 2021 guidance, projecting total revenue between $344 million and $352 million.

Gross profit increased to $41.0 million, but gross margin declined to 59.1% due to higher logistics costs.