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BRC Inc. (symbol: BRCC) is a leading non-alcoholic beverage company based in the United States. Specializing in military and firearms-themed coffee products, BRC Inc. is a veteran-controlled company that serves premium coffee, engaging content, and high-quality merchandise to active military, veterans, and first responders.
The company is renowned for its commitment to producing great coffee that consumers love. Its omnichannel distribution network is robust, allowing BRC Inc. to reach its customers through three primary channels:
- Direct to Consumer: The e-commerce platform where consumers can order products online and have them shipped directly to their doorstep.
- Wholesale: This channel includes products sold to intermediaries such as convenience stores, grocery stores, drug stores, and mass merchandise retailers, who then sell these products to consumers.
- Outpost: Revenue generated from its company-operated and franchised retail coffee shop locations, known as Black Rifle Coffee Outposts.
BRC Inc. has achieved significant milestones recently. The company continues to expand its product line and retail footprint, ensuring that fans of its premium coffee can easily access their favorite products. Financially, BRC Inc. has shown steady growth, indicative of strong consumer demand and effective management strategies. The company's partnerships with various retailers further solidify its market presence.
Whether you're an active-duty service member, a veteran, or a first responder, BRC Inc. offers a community and a product that resonates deeply with its audience. The company's dedication to quality and its unique branding have made it a favorite among coffee enthusiasts across the country.
Black Rifle Coffee Company (NYSE: BRCC) has announced the dates for its second quarter 2024 earnings release and conference call. The company will release its Q2 2024 results on Wednesday, August 7, 2024, after market close. A conference call to discuss the financial results will be held on Thursday, August 8, 2024, at 8:30 a.m. Eastern Time.
Investors can listen to the conference call via webcast on the company's website at ir.blackriflecoffee.com. For those unable to participate, a replay will be available until August 15, 2024. The U.S. toll-free replay dial-in number is (877) 660-6853, and the international replay dial-in number is (201) 612-7415, with the replay passcode 13747286.
Black Rifle Coffee Company (NYSE: BRCC) has been recognized on Circana’s 2023 New Product Pacesetters list. The company achieved the #4 spot among C-Store pacesetters and ranked #8 in the Food and Beverage New Products category out of 100 evaluated brand launches. This acknowledgment highlights BRCC's innovative approach and growing customer base despite the pandemic's impact. CEO Christopher Mondzelewski expressed pride in their mission-driven focus, which has resonated with consumers seeking premium coffee experiences. BRCC offers a diverse range of products, including Ready-to-Drink coffees, coffee pods, cold brew packs, and veteran-forward apparel, demonstrating its commitment to both quality and community support.
Black Rifle Coffee Company (NYSE: BRCC) announced the appointment of Major General Clayton Hutmacher and Lawrence “Chip” Molloy to its Board of Directors, effective June 7, 2024.
Clayton Hutmacher is the President and CEO of the Special Operations Warrior Foundation and has extensive military leadership experience, including roles in the U.S. Special Operations community. Lawrence “Chip” Molloy brings vast financial and retail experience, having served as CFO at Sprouts Farmers Market, Under Armour, and PetSmart, among others. CEO Chris Mondzelewski believes their combined expertise will strengthen the company’s strategic execution and long-term shareholder value.
BRC Inc. reported impressive financial results for Q1 2024, with a notable 18% increase in net revenue to $98.4 million, driven by a 51% growth in Wholesale. The company achieved a net income of $1.9 million and an Adjusted EBITDA of $14.1 million, marking a significant improvement from Q1 2023. BRC Inc. raised its 2024 guidance for Adjusted EBITDA to $32.0-42.0 million and Gross Margin is expected to be at the high end of 37%-40%. Additionally, the company entered into a strategic partnership with Keurig Dr Pepper for K-Cup pod manufacturing and distribution, enhancing its product offerings and market reach.
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