Welcome to our dedicated page for BRC news (Ticker: BRCC), a resource for investors and traders seeking the latest updates and insights on BRC stock.
Stay informed about the latest developments affecting BRC Inc. (Black Rifle Coffee Company), the veteran-founded coffee company that operates through e-commerce, retail coffee shops, and wholesale distribution channels. News coverage includes earnings reports, expansion announcements for new coffee shop locations, wholesale distribution agreements with major retailers, product launches including new coffee blends and ready-to-drink beverages, and updates on the company's franchise operations.
Investors track news related to the company's multi-channel growth strategy, including e-commerce subscription trends, physical location openings, and penetration into new retail markets. The ready-to-drink coffee segment represents a key growth driver, with distribution expanding through convenience stores and mass market retailers. Financial results reflect performance across direct-to-consumer sales, wholesale revenue, and retail coffee shop operations.
Corporate developments may include capital raises through equity offerings, partnership announcements with retail chains, manufacturing capacity expansions at roasting facilities, and strategic initiatives to support the veteran community. As a publicly traded company on the NYSE, Black Rifle Coffee releases quarterly earnings reports, provides business updates, and may announce changes to its board of directors or executive leadership team. Market news also covers competitive dynamics within the specialty coffee industry and consumer trends affecting coffee consumption patterns.
Black Rifle Coffee Company (NYSE: BRCC) is expanding into the energy product category with a new line of Black Rifle Energy™ beverages. Set to launch in late Q4 and arrive nationwide in early 2025, these drinks feature BRCC's proprietary Energy Blend with naturally sourced caffeine. The company, known for its premium coffee and pro-American values, sees this as an opportunity to enter the $20 billion energy beverage market and strengthen relationships with existing customers while attracting new ones.
CEO Chris Mondzelewski emphasized that this move aligns with BRCC's commitment to product innovation and its core mission of supporting the service community. As the fastest-growing brand in the ready-to-drink coffee space, BRCC aims to revolutionize the premium beverage market with this bold entry into energy drinks.
Black Rifle Coffee Company (NYSE: BRCC) announces its Investor Day on Veterans Day, November 11, 2024, at the New York Stock Exchange. This event aims to showcase the company's growth, strategic vision, and service-forward mission. Founded by special operations veterans, BRCC has rapidly grown in the super premium coffee market while supporting veteran and first responder causes.
The Investor Day will include:
- A review of the Long Range Plan for growth and profitability
- Interaction with the extended leadership team
- A session with a guest speaker from a BRCC-supported Veteran Service Organization
- A tasting of BRCC's premium coffee
CEO Christopher Mondzelewski emphasizes the event's focus on both business achievements and commitment to the service community. Interested investors should RSVP by October 1, 2024.
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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