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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 (BRCC) has appointed Chris Mondzelewski as Chief Marketing Officer, effective May 1, 2023. Mondzelewski, a former marketing leader at Mars with over 20 years of experience, will shape BRCC's marketing strategy to enhance business growth and market share across all channels. His robust background includes roles that led to transformative growth in the $12B+ Global Petcare segment at Mars. Concurrently, Heath Nielsen, Chief Retail Officer, is leaving the company, with Co-CEO Tom Davin taking over his responsibilities. Founder and CEO Evan Hafer expressed optimism about Mondzelewski's ability to leverage the company's strong brand momentum following recent market successes.
Black Rifle Coffee Company (BRCC) announced that its management team will present at the D.A. Davidson 6th Annual Consumer Growth Conference on March 21, 2023, at 12:30 PM Eastern Time. This event showcases BRCC's commitment to providing premium coffee while supporting veterans and first responders. A live webcast of the presentation will be available on the company's investor relations page, with an archived replay to follow. Founded in 2014 by Green Beret Evan Hafer, BRCC focuses on connecting consumers with a unique coffee experience and is dedicated to the American way of life.
BRC Inc. (NYSE: BRCC) reported a strong financial performance for 2022, with net revenue increasing by 29% to $301 million. The wholesale channel saw a remarkable rise of 114% to $119 million, marking a significant entry into the Food, Drug, and Mass markets, where BRCC became the #4 bagged coffee brand at Walmart. The fourth quarter net revenue reached $93.6 million, up 30.3% year-over-year. Despite a net loss of $20 million, the company anticipates 2023 net revenue between $400-$440 million and projects gross margins of 36% - 37.5%.
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