Roth/MKM Downgrades BRC Inc. (BRCC) to Neutral
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Go back to Roth/MKM Downgrades BRC Inc. (BRCC) to Neutral
August 7, 2024 4:15 PM EDT
Highlights
Announces Q4 launch of Black Rifle Energy RTD, offering a clean energy alternative for national distribution in FY25 featuring BRCC's one-of-a-kind designs
Wholesale revenue grew 8% compared to Q2 2023 while net revenue decreased 3% in Q2 2024 to $89.0 million
Adjusted EBITDA of $8.5 million and Net Loss of $1.4 million, an increase of $8.4 million and $13.3 million, compared to Adjusted EBITDA of $0.1 million and a Net Loss of $14.7 million in Q2 2023
Reiterates full year adjusted EBITDA guidance of $32 million to $42 million
SALT LAKE CITY, Utah--(BUSINESS WIRE)--
BRC Inc. (NYSE: BRCC, the... More
August 7, 2024 4:05 PM EDT
SALT LAKE CITY--(BUSINESS WIRE)--
Black Rifle Coffee Company (NYSE: BRCC) (BRCC, the company), a rapidly-growing, mission-driven lifestyle brand and premium coffee company, is expanding into the energy product category with the launch of a new line of high-octane, ready-to-drink Black Rifle Energy beverages expected to premier in late Q4 and arrive nationwide in early 2025.
BRCC has dominated the premium coffee space for nearly a decade with its bold roasts and even bolder content strategy. The company's unwavering commitment to pro-American values and its relentlessly service-forward mission have earned the support of a loyal... More
