Solo Brands (DTC) Tops Q3 EPS by 9c; Offers Guidance

Solo Brands (NYSE: DTC) reported Q3 EPS of $0.15, $0.09 better than the analyst estimate of $0.06. Revenue for the quarter came in at $102.2 million versus the consensus estimate of $88.49 million.

GUIDANCE:

Full Year 2022 Guidance

Based on the latest macro-economic trends and overall consumer unpredictability heading into the holiday season, we are revising our full year revenue guidance and reaffirming our previous guidance for adjusted gross margin and adjusted EBITDA margin.

Total revenue is expected to grow 15% to 20% versus our prior guidance of a mid-20% range.

Adjusted gross margin*, as previously guided, is planned to be above 60% of total revenue.

Adjusted EBITDA margin*, as previously guided, is expected to be in the mid-teens as a percentage of total revenue.

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

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