Core Viewpoint - First Atlantic Nickel Corp. has launched a new website and corporate presentation to enhance its visibility in the nickel industry and has filed for DTC eligibility and an uplisting to the OTCQB market [2][3][4]. Company Updates - The new website and corporate presentation aim to provide a comprehensive overview of the company's mission, operations, and exploration strategy [3]. - The company has engaged Xander Capital Partners, Life Water Media, and Think Ink with a budget of up to US$320,000 over the next 12 months for investor outreach campaigns [5]. - The company is preparing to launch its 2024 field programs at the Atlantic Nickel and Voisey's West projects [8]. Project Details - The Atlantic Nickel project is a bulk tonnage target similar to FPX Nickel's Dacar project and Canada Nickel Company's Crawford project, which has a preliminary economic assessment indicating a 25-year mine with an after-tax net present value of $1.2 billion [8]. - The Voisey's West project has identified new high-grade nickel intercepts, including 9 meters grading 1.12% nickel [8]. - The Voisey's West project is located in the same intrusive complex as the Voisey's Bay Nickel mine, which has proven and probable reserves of 32.4 million tonnes at 2.13% nickel [11]. Market Positioning - The Atlantic Nickel project focuses on developing large-scale bulk tonnage nickel targets with low carbon footprints, appealing to battery and steel producers looking to reduce carbon output [12]. - The OTCQB is a premier marketplace for companies committed to providing a high-quality trading experience, requiring companies to meet specific financial reporting and verification standards [6].

Core Viewpoint - Canada Goose Holdings Inc. experienced a significant 15% increase in share price following a strong fiscal Q4 2024 earnings report, with revenues rising 22% year-over-year [1][6]. Financial Performance - The company reported fiscal Q4 2024 earnings per share (EPS) of 14 cents, surpassing consensus estimates of 4 cents by 13 cents [6]. - Total revenues surged to $262.9 million, exceeding analyst expectations of $232.05 million [6]. - Direct-to-consumer (DTC) revenues increased by 19% year-over-year to $199.38 million, while wholesale revenues declined by 9% to $30.40 million [7]. Market Position - Canada Goose competes with other luxury apparel brands such as Tapestry Inc., Capri Holdings Ltd., and V.F. Corp [2]. - The brand is recognized for its high-priced products, including parkas priced at $1,675 and boots at $750, appealing to affluent consumers [1][4]. Strategic Initiatives - The company has expanded its global retail footprint to 68 permanent stores, more than tripling its presence over the past five years [10]. - Canada Goose is focusing on enhancing its retail operations, reducing the number of wholesale partners, and slowing down new store openings to increase product exclusivity [11]. Future Outlook - For fiscal full-year 2025, Canada Goose anticipates non-IFRS adjusted net earnings per diluted share to rise by mid-teen percentage points, while total revenues are expected to grow in the low single digits [9]. - The company expects DTC sales to increase in the low single digits, while wholesale sales are projected to decline by 20% year-over-year [9].

Financial Data and Key Metrics Changes - Revenues for Q1 2024 were $85.3 million, a decline of 3.3% compared to the previous year, primarily due to a decrease in direct-to-consumer sales [17] - Adjusted EBITDA was $4.3 million, which was better than anticipated but lower than the expected normalized run rate due to planned investments [8][18] - Gross margins decreased by 250 basis points to 59.2% due to a shift in sales channel mix towards wholesale, which typically has lower margins [18] Business Line Data and Key Metrics Changes - Direct-to-consumer revenues declined by 6.8% to $51 million, showing improvement from a 21% decline in Q4 [8][17] - Wholesale revenues increased by 2.5% to $34.3 million, driven by growth with strategic retail partners [8][17] Market Data and Key Metrics Changes - The promotional environment has become more competitive, with consumers showing more discretion in their purchases [22] - Inventory at the end of the quarter was $112.3 million, down nearly $13 million compared to the previous year, indicating effective inventory management [21] Company Strategy and Development Direction - The company is focused on developing a robust strategic plan to regain high growth and profitability, with a current emphasis on improving the direct-to-consumer business [10] - There is a commitment to a balanced omnichannel strategy that does not dilute EBITDA margins, with ongoing improvements in both direct-to-consumer and retail channels [10][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the progress made in Q1, particularly in stabilizing the direct-to-consumer business and improving marketing effectiveness [8][30] - The outlook for fiscal 2024 remains positive, with expected revenues in the range of $490 million to $510 million and adjusted EBITDA projected at 10% to 12% [19] Other Important Information - The company has a strong financial position with $15.4 million in cash and cash equivalents and $267 million of availability under its revolving credit facility [21] - The company is investing in talent acquisition and marketing capabilities to support long-term growth [12][14] Q&A Session Summary Question: What is the outlook on the promotional environment going into summer? - Management noted that the promotional environment is more competitive, but they are effectively responding through bundling strategies that enhance value for consumers while maintaining margins [22][23] Question: How does the company view the balance between direct-to-consumer, wholesale, and standalone stores? - Management highlighted the importance of a balanced approach, with standalone stores providing additional brand awareness and supporting wholesale growth [25][26] Question: Can you clarify the increase in accrued expenses and liabilities? - Management acknowledged the increase and anticipates it will decrease over the summer as inventory levels are managed for the peak selling seasons [27]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-40979 Delaware 87-1360865 State or Other Jurisdiction of Incorporation or Organization 1001 Mustang Dr. ...

Solo Brands Announces First Quarter Results Reaffirms Full Year 2024 Guidance Grapevine, Texas, May 9, 2024: Solo Brands, Inc. (NYSE: DTC) ("Solo Brands" or "the Company") today announced its financial results for the three month period ended March 31, 2024. "We are pleased with our first quarter results as sales and adjusted EBITDA came in ahead of our expectations driven by strong performance in our wholesale channel. We were encouraged to see sales trends accelerate as we moved through the quarter," said ...

The brand is celebrating Deep Dish Pizza Day this year with a livestream cooking class 10 stories beneath the Earth's crustGRAPEVINE, Texas, April 5, 2024 /PRNewswire/ -- Solo Stove, the pioneering outdoor lifestyle brand within Solo Brands (NYSE: DTC), is thrilled to announce an unprecedented culinary escapade–"Deepest Dish", a pizza cooking adventure beneath the Earth's crust. In honor of Deep Dish Pizza Day, the national holiday occurring annually on April 5th, Solo Stove is descending 10 stories undergr ...

Financial Data and Key Metrics Changes - For Q4 2023, total sales were $165.3 million, a decline of 16.2% year-over-year, with full-year sales at $494.8 million compared to $517.6 million in the previous year [10][33] - The company recorded a net loss of $211 million for Q4, with an adjusted net income of $11.3 million and adjusted EBITDA of $14.9 million. For the full year, the net loss was $195.3 million, with adjusted net income at $54.8 million and adjusted EBITDA at $70.2 million [11][12] - Gross margin for Q4 decreased by 150 basis points to 58.3%, while adjusted gross margin declined by 90 basis points to 58.9%. For the full year, gross margins declined by 40 basis points to 61.1% [34] Business Line Data and Key Metrics Changes - Direct-to-consumer (D2C) revenues for Q4 declined by 20.8% to $127.3 million, while full-year D2C revenues fell by 15.4% to $358.1 million. Total orders in the D2C channel decreased by 28.6% [10][11] - Wholesale revenues increased by 4.2% to $38 million in Q4, with full-year wholesale revenues growing by 45.1% to $136.7 million [10][11] Market Data and Key Metrics Changes - The company is focusing on improving its D2C channel performance while also expanding its wholesale and retail presence. The strategic review will help define the total addressable market (TAM) for each channel [7][29] Company Strategy and Development Direction - The company aims to return to growth by developing a strategic plan focused on core businesses, particularly Solo Stove and Chubbies. Key priorities include fixing the D2C business, enhancing the omni-channel strategy, and building a product innovation pipeline [4][5][6] - The management is undergoing a full strategic review and has engaged a leading strategic firm to assist in this process [4][29] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the need for investments in people and processes to support long-term growth. They expect revenue for fiscal 2024 to be in the range of $490 million to $510 million, with adjusted EBITDA margins between 10% and 12% [12][34] - The management recognizes the challenges posed by a shift in consumer spending from durable goods to services post-COVID and believes that a gradual return to durable goods spending will occur in 2024 [61] Other Important Information - The company has recently upgraded its marketing team and is restructuring marketing partnerships to improve effectiveness and return on ad spend [30][31] - An impairment charge of $249 million was recorded during the quarter, primarily related to goodwill for Solo Stove and other brands [11] Q&A Session Summary Question: What are the optimal distribution models between direct and wholesale? - Management believes both channels are essential and will work on a tailored go-to-market approach for each, ensuring they do not compete against themselves [15][16] Question: How does the company view its retail position and inventory? - Management sees improvement in inventory levels and aims to enhance performance in existing retail partnerships before expanding to new ones [20][21] Question: What are the expectations for the D2C channel in 2024? - Management anticipates a gradual strengthening of the D2C business as new product development and marketing strategies take effect [52][70] Question: Is a full sale of the company being considered? - Management confirmed that the company is not for sale and is focused on fixing core brands to drive growth [64] Question: What are the capital allocation priorities? - The focus is on strengthening core brands while considering tuck-in acquisitions that align with the company's growth strategy [68]

Solo Brands, Inc. (DTC) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.14%. A quarter ago, it was expected that this company would post earnings of $0.10 per share when it actually produced earnings of $0.28, delivering a surprise of 180%.Over the last four quarters, the company h ...

GRAPEVINE, Texas--(BUSINESS WIRE)--Solo Brands, Inc. (NYSE: DTC) (“Solo Brands” or “the Company”) today announced its financial results for the three and twelve month periods ended December 31, 2023. “I am thrilled to be leading Solo Brands. In my first two months here I have been incredibly impressed with the strength of our core brands, record operating cash flow and the tremendous growth potential ahead,” said Chris Metz, CEO of Solo Brands. “I also recognize that there is work to be done to build the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-40979 Solo Brands, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 87- ...