Brilliant Earth Group, Inc. (NASDAQ:BRLT) Q1 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants Allison Malkin - ICR Beth Gerstein - CEO Jeffrey Kuo - CFO Conference Call Participants Oliver Chen - TD Cowen Ashley Owens - KeyBanc Capital Markets Operator Good day, and thank you for standing by. Welcome to the Brilliant Earth First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. After this presentation, there will be a question-and-answer session. [ ...

SAN FRANCISCO, Calif. – May 9, 2024 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. ("Brilliant Earth" or the "Company") (Nasdaq: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced financial results for the three months ended March 31, 2024. Increased Total Orders by 13.7% and Repeat Orders by Over 20% Year-Over-Year Increased First Quarter 2024 Gross Margin by 500 bps to 59.9% Generated GAAP Diluted EPS of $0.01 and Adjusted Diluted EPS of $0.03 Exceeded Profitability Ex ...

SAN FRANCISCO, April 22, 2024 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. ("Brilliant Earth" or the "Company") (NASDAQ:BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced that it will report first quarter 2024 earnings results after the market closes on Thursday, May 9, 2024. The Company will host an investor conference call and webcast to review these financial results and business outlook at 5:00pm ET/2:00pm PT on the same day. The webcast can be accessed at https:// ...

SAN FRANCISCO, April 03, 2024 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. ("Brilliant Earth" or the "Company") (NASDAQ:BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced a partnership with Dr. Jane Goodall and her foundation, the Jane Goodall Institute (JGI), in celebration of Dr. Goodall's 90th birthday. This landmark collaboration, to support the Jane Goodall Institute and the advancement of more ethical practices within the fine jewelry industry, represents a signi ...

| --- | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------|-------|-----------------|-------|---------| | | | | December \n2023 | 31, | 2022 | | Assets | | | | | | | Current assets: | | | | | | | Cash and cash equivalents | | $ | 155,809 | $ | 154,649 | | Restricted cash | | | 211 | | 205 | | Inventories, net | | | 37,788 | | 39,331 | | Prepaid expenses and other current assets | | | 11,048 | | 11,764 | | Total current assets | | | 204,856 | | 205,949 | | Property a ...

SAN FRANCISCO , March 19, 2024 /PRNewswire/ -- Brilliant Earth Group, Inc. (Nasdaq: BRLT), a global leader in ethically sourced fine jewelry, today announced the launch of its 2023 Mission Report, marking another milestone in its commitment to transparency, sustainability, compassion, and inclusivity. Alongside the release of this comprehensive report, Brilliant Earth is also publishing new dedicated pages on its website aimed at providing a detailed look into the Company's mission and ongoing efforts to pr ...

Brilliant Earth Group, Inc. (NASDAQ:BRLT) Q4 2023 Earnings Call Transcript March 14, 2024 5:00 PM ET Company Participants Stefanie Layton - SVP, IR Beth Gerstein - CEO Jeff Kuo - CFO Conference Call Participants Randy Konik - Jefferies Edward Yruma - Piper Sandler Ashley Owens - KeyBanc Capital Markets Dana Telsey - Telsey Advisory Group Operator Good day and thank you for standing by. Welcome to the Brilliant Earth Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time all participants ar ...

There are some high-end retail stocks for investors to avoid amid the luxury goods segment being tested in 2024. There are some struggling brands that investors should steer clear of due to their declining fundamentals and uncertain growth prospects.The high-end retail stocks discussed in this article fall under the category of uncertainty. If investors own shares in these brands, it may be worth analyzing if one is getting an attractive risk-to-reward payoff and then making changes as desired.So here are t ...

Financial Data and Key Metrics Changes - Net sales for Q3 2023 were $114.2 million, representing a 2.5% year-over-year increase and a 22% growth on a four-year CAGR basis [3][17] - Adjusted EBITDA was $7.6 million, with a 6.7% adjusted EBITDA margin, exceeding expectations [20] - Q3 gross margin was 58.5%, a 380-basis point expansion compared to Q3 2022 [20] - SG&A expenses were 57% of net sales, up from 49% in Q3 2022, primarily due to increased marketing spend and growth initiatives [21] Business Line Data and Key Metrics Changes - Order volume increased by 17% year-over-year, while average order value (AOV) declined by 12% [17] - The average selling price (ASP) for engagement rings remained stable, with fine jewelry ASP increasing sequentially from Q2 to Q3 [19] - Fine jewelry is a growing segment, with significant room for market share gains [9] Market Data and Key Metrics Changes - The company has outperformed the jewelry industry by over 1,000 basis points, despite the bridal market experiencing a decline [97] - The bridal market is facing headwinds, with fewer engagements than anticipated, impacting overall demand [42][53] Company Strategy and Development Direction - The company is focusing on long-term growth through strategic marketing investments and expanding its showroom footprint [4][30] - A national brand campaign was launched, introducing the Sol Collection, which aims to enhance brand awareness and drive sales [6][100] - The company is committed to sustainability and transparency in its supply chain, utilizing blockchain technology for tracing natural diamonds [102] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenging macroeconomic environment but remains optimistic about future growth as bridal demand normalizes [28][30] - The company expects Q4 net sales between $122 million and $128 million, reflecting an accelerated growth rate compared to recent quarters [29] - For 2024, the company anticipates mid-single-digit year-over-year growth, with accelerating growth as bridal demand normalizes [30][86] Other Important Information - The company ended Q3 with $147 million in cash and no net debt, indicating strong financial health [26] - A change in adjusted EPS methodology was announced, which will no longer adjust for other income, reflecting recent increases in interest income [27] Q&A Session All Questions and Answers Question: What was driving the change in guidance for EBITDA? - The company updated its full year 2023 net sales guidance to $444 million to $450 million, reflecting continued share gains and strong order growth [36][37] Question: What are the trends in bridal demand? - The company is experiencing headwinds in the bridal market, with fewer engagements than anticipated, but continues to gain market share [42][53] Question: How is the showroom opening strategy being affected by macro trends? - The company remains optimistic about its omnichannel strategy and continues to see strong performance from its showrooms [55] Question: What are the differences in demographics for mall-based locations? - Early results from mall-based locations show promising walk-in traffic and personalized appointments, but more data is needed [60] Question: Are there any shifts in ASP within bridal? - The company reports stable ASPs in bridal, with no significant evidence of consumers trading down [77] Question: How is consumer credit affecting the business? - The company has not seen material changes in consumer credit penetration and continues to offer various financing options [78] Question: What is the long-term growth outlook? - The company remains confident in its long-term growth potential, particularly as bridal demand normalizes [84]

This Presentation and statements to be made on the earnings conference call (collectively, the "Presentation"), contain forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements other than statements of historical facts contained ...