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- ...

GRAPEVINE, Texas--(BUSINESS WIRE)--Solo Brands, Inc. (NYSE: DTC), ("Solo Brands" or the "Company"), an omni-channel platform of beloved brands Solo Stove, Chubbies, Oru Kayak, and ISLE, and Icy Breeze today announced that it plans to report its fourth quarter and fiscal 2023 financial results on March 14, 2024, before the market opens. DTC will host a conference call at 8:30 a.m. ET to discuss its financial results. Investors and analysts who wish to participate in the call are invited to dial +1 833 470 1 ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Solo Brands, Inc. (DTC) . This company, which is in the Zacks Internet - Commerce industry, shows potential for another earnings beat.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 92.38%, on average, in the last two quarters ...

GRAPEVINE, Texas--(BUSINESS WIRE)--Solo Brands, Inc. (NYSE: DTC) (“Solo Brands” or the “Company”) an omni-channel platform of beloved brands Solo Stove, Chubbies, Oru Kayak, ISLE, and Icy Breeze, today announced two leadership appointments: Laura Coffey as Chief Financial Officer and Michael McGoohan to the newly created position of Chief Growth Officer and Executive Vice President, effective immediately. Ms. Coffey will lead the Company’s financial operations and Mr. McGoohan will lead the Company’s commer ...

Solo Brands, Inc. (NYSE:DTC) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Bruce Williams - IR John Merris - CEO Somer Webb - CFO Conference Call Participants Peter Keith - Piper Sandler Chasen Bender - Citi Sabrina Baxamusa - William Blair Ryan Sigdahl - Craig-Hallum Capital Group Brian McNamara - Canaccord Genuity Operator Ladies and gentlemen, hello, and welcome to the Solo Brands Inc. Third Quarter Fiscal 2023 Financial Results. My name is Maxine, and I'll be coordina ...

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 September 30, 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 87-1360865 I ...