Solo Brands (DTC) Misses Q2 EPS by 9c, provides guidance

Solo Brands (NYSE: DTC) reported Q2 EPS of $0.04, $0.09 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $131.6 million versus the consensus estimate of $128.43 million.

GUIDANCE:

Solo Brands sees FY2024 revenue of $470-490 million, versus the consensus of $499.7 million. Adjusted EBITDA margin* is expected to be between 9% to 10% for 2024.

Full Year 2024 Outlook

“We continue to be laser focused on stabilizing our business while investing in our capabilities and infrastructure to return to growth in 2025”, said Chris Metz, Chief Executive Officer of Solo Brands. “Despite exceeding our internal expectations for the first half of the year, our current 3rd quarter performance has been challenging and we believe it is prudent to be cautious given the uncertain macroeconomic environment. As a result, we are lowering our annual guidance for 2024.”

For earnings history and earnings-related data on Solo Brands (DTC) click here.

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