Solo Brands (DTC) Tops Q1 EPS by 11c
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Solo Brands Announces First Quarter Fiscal 2022 Results, Reaffirms 2022 Guidance
May 12, 2022 6:50 AM EDTÂ
GRAPEVINE, Texas--(BUSINESS WIRE)-- Solo Brands, Inc. (NYSE: DTC) (Solo Brands or the Company), a direct-to-consumer platform for rapidly growing lifestyle brands, today announced its financial results for the three month period ended March 31, 2022.
First Quarter 2022 Highlights Compared to First Quarter 20211
Net sales of $82.2 million, up $13.1 million or 19.0% Net loss of $3.2 million, down $25.5 million EPS - basic and diluted of $(0.03) for the first quarter of 2022 Adjusted net income2 of $11.1 million, down $15.7 million, or 58.7% Adjusted EBITDA2 of $14.0 million, down $14.6 million, or... More