Welcome to our dedicated page for Solo Brands news (Ticker: DTC), a resource for investors and traders seeking the latest updates and insights on Solo Brands stock.
Solo Brands, Inc. (NYSE: DTC) is a leading Direct-To-Consumer (DTC) platform known for its suite of premium outdoor lifestyle brands including Solo Stove, Oru, ISLE, TerraFlame, IcyBreeze, and Chubbies apparel. Since its inception in 2010, Solo Brands has been delivering well-designed fire products that help individuals reconnect with what matters most. The company's innovative products, such as the patented 'secondary burn' technology in Solo Stove, offer a hotter, near-smokeless fire experience, making outdoor gatherings more enjoyable. Solo Stove's product line includes portable fire pits, grills, and camping stoves, along with a range of accessories, cookware, and apparel.
Solo Brands' portfolio also features Oru Kayak, renowned for its lightweight, foldable kayaks, and ISLE, which offers stand-up paddle boards engineered for various skill levels and preferences. Chubbies is another key brand under Solo Brands, offering fun, premium casual wear and activewear designed for comfort and style. IcyBreeze adds to the diverse product range with its innovative portable cooler air-conditioners, perfect for outdoor activities. The recent addition of Snoop Dogg as the official 'smokesman' for Solo Stove has further boosted the brand's visibility. Known for his love of outdoor fires without the nuisance of smoke, Snoop Dogg's collaboration includes the development of a signature line of smokeless fire products, starting with a limited edition Bonfire Fire Pit bundle.
Headquartered in Grapevine, TX, Solo Brands operates through an omni-channel distribution model that includes e-commerce, strategic wholesale partnerships, and physical retail stores. This approach ensures that their innovative products reach a wide audience, enhancing outdoor experiences and fostering memorable moments. With a commitment to quality and customer satisfaction, Solo Brands continues to grow its presence in the outdoor lifestyle market.
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.
Solo Brands, Inc. (NYSE: DTC) will report its third quarter fiscal year 2021 financial results on December 8, 2021, before the market opens. A conference call will take place at 8:30 a.m. ET to discuss the results. Interested participants can join by calling 844-200-6205 (internationally: +1 929-526-1599), using Conference ID 790861. A live webcast will also be available on the company’s investor relations website. A recorded replay will be accessible until December 15, 2021.
Solo Brands, Inc. has priced its initial public offering (IPO) at $17.00 per share, offering 12,903,225 shares of Class A common stock. An additional 1,935,483 shares are available to underwriters within a 30-day option. Trading is expected to commence on October 28, 2021, under the ticker symbol DTC, with the offering closing on November 1, 2021, pending customary conditions. The IPO is managed by BofA Securities, J.P. Morgan, and Jefferies.
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