Core Viewpoint - Black Rifle Coffee Company has received a notice from the New York Stock Exchange indicating non-compliance with the minimum price criteria due to its Class A common stock average closing price being below $1.00 [1] Company Summary - Black Rifle Coffee Company is a veteran-founded and mission-driven premium beverage company [1] - The company is currently facing challenges related to its stock price, which has implications for its listing status on the NYSE [1]

Market Overview - U.S. stock markets are closed on January 19, 2026, for Martin Luther King Jr. Day, with no cash equity trading or after-hours sessions occurring [1] - U.S. equity futures are experiencing notable declines, with E-mini S&P 500 futures down approximately 0.7% to 0.9%, Nasdaq 100 futures down between 1% and 1.2%, and Dow Jones Industrial Average futures sliding by about 0.6% to 0.7% [2] Geopolitical Developments - President Trump announced a 10% tariff on imports from eight European countries, effective February 1, which could escalate to 25% by June 1 if no agreement is reached regarding the U.S. acquisition of Greenland [3] - European leaders are considering retaliatory measures, including activating the EU's Anti-Coercion Instrument, in response to the tariff threats [3] Safe-Haven Assets - Investors are flocking to safe-haven assets, with gold futures surging to a record high above $4,670 an ounce and silver futures reaching a new record above $94 an ounce [4] Global Market Performance - European equity markets are broadly lower, with the STOXX Europe 600 index down approximately 0.9%, Germany's DAX declining by 1.1%, and France's CAC 40 down 1.3% [5] - Asian markets show mixed results, with Japan's Nikkei 225 dipping by 0.7% to 0.8%, while China's economy expanded by 4.5% year-on-year in Q4 2025, despite disappointing retail sales figures [6] Upcoming Market Events - Key economic data and corporate earnings reports are expected to influence market sentiment upon the reopening of U.S. markets [7] - The Personal Consumption Expenditures (PCE) price index and a further estimate of third-quarter GDP growth are scheduled for release, which will be vital for assessing the U.S. economy [8] Earnings Season - The fourth-quarter earnings season is underway, with major companies such as Netflix, Intel, Visa, 3M, Johnson & Johnson, Procter & Gamble, and NextEra Energy set to report their results [10] Major Stock News - BRC Group Holdings reported a significant turnaround with a net income of $89.1 million in Q3, contrasting with a loss in the same period last year [14] - Goldman Sachs shares increased by 4.6% due to record-setting equity trading revenue [14] - European defense stocks are gaining amidst geopolitical tensions, while European car manufacturers are seeing declines due to fears of increased U.S. tariffs [14]

Core Insights - Black Rifle Coffee Company (BRCC) is presenting at the 28th Annual ICR Conference and has released preliminary results for fiscal year 2025, indicating strong performance in revenue and Adjusted EBITDA [1][2]. Financial Performance - For fiscal year 2025, the company expects to achieve revenue of at least $395 million and Adjusted EBITDA of at least $20 million, aligning with previous guidance [2]. - The company anticipates a non-cash impairment of approximately $1.4 million due to a formulation change affecting raw material inputs, which will impact the gross margin, now expected to be around 34.5% to 34.7% [3]. Company Background - Black Rifle Coffee Company, founded in 2014 by Green Beret Evan Hafer, is a veteran-founded premium coffee company dedicated to serving beverages to those who love America and supporting veterans and first responders [5].

Core Viewpoint - Black Rifle Coffee Company (BRCC) will present at the 28th Annual ICR Conference on January 13, 2026, highlighting its mission-driven approach and commitment to supporting veterans and the American way of life [1][3]. Group 1: Company Overview - Black Rifle Coffee Company is a veteran-founded premium coffee company established in 2014 by Green Beret Evan Hafer [3]. - The company focuses on developing explosive coffee roast profiles, reflecting the mission focus learned during military service [3]. - BRCC is dedicated to supporting veterans, active-duty military, first responders, and promoting American values [3]. Group 2: Event Details - The presentation at the ICR Conference will take place at 9:00 a.m. Eastern Time and will be webcast live [1][2]. - Investors are encouraged to attend the presentation in person, and a replay of the webcast will be available afterward [2].

Core Insights - Fenbo and BRC are both small-cap consumer staples companies, with a comparison of their institutional ownership, analyst recommendations, earnings, valuation, profitability, risk, and dividends [1] Earnings and Valuation - Fenbo reported gross revenue of $17.11 million with a Price/Sales ratio of 0.48, while BRC had gross revenue of $391.49 million with a Price/Sales ratio of 0.76 [2] - BRC's net income was -$2.95 million with an earnings per share (EPS) of -$0.14, while Fenbo's net income was -$1.99 million [2] Analyst Ratings - Fenbo has a rating score of 1.00 with 1 sell rating, while BRC has a rating score of 2.20 with 1 sell rating, 2 hold ratings, and 2 buy ratings [4] - BRC has a consensus price target of $2.50, indicating a potential upside of 109.21%, suggesting analysts favor BRC over Fenbo [4] Insider and Institutional Ownership - 0.0% of Fenbo shares are held by institutional investors, whereas 16.3% of BRC shares are held by institutional investors, with 69.0% of BRC shares held by company insiders [5] Profitability - BRC's net margin is -2.86%, return on equity is -11.48%, and return on assets is -2.60% [7] Volatility and Risk - Fenbo has a beta of -1.35, indicating its share price is 235% less volatile than the S&P 500, while BRC has a beta of 0.9, indicating it is 10% less volatile than the S&P 500 [8] Summary - BRC outperforms Fenbo in 8 out of 12 factors compared between the two stocks [9]

Core Points - BRC Inc. (Black Rifle Coffee Company) will release its third quarter 2025 financial results on November 3, 2025, after market close [1] - A conference call to discuss the financial results will be held on November 4, 2025, at 8:30 a.m. ET [1] - The conference call will be available via webcast on the Company's investor relations page [1]

Core Viewpoint - Black Rifle Coffee Company has appointed Melvin Landis to its Board of Directors, effective September 15, 2025, highlighting the company's commitment to leadership in the consumer products and beverages sector [1]. Company Summary - Black Rifle Coffee Company is a veteran-founded and mission-driven premium coffee and beverage company [1]. - The appointment of Melvin Landis is seen as a strategic move to enhance the company's leadership experience in the consumer products and beverages industry [1].

Second Quarter 2025 Financial Highlights - Net revenue reached $948 million, a 65% increase year-over-year, representing a $58 million rise[13] - Wholesale revenue increased by 141% year-over-year, reaching $613 million, or a 210% increase excluding barter, amounting to $76 million and $106 million respectively[13] - Gross margin was 339%, compared to 419% in Q2 2024[13] - Adjusted EBITDA was $24 million, a decrease of $51 million year-over-year[13] Channel Performance - DTC revenue decreased by 78% year-over-year in Q2 2025, but increased by 03% excluding the impact of loyalty point expirations in Q2 2024[18,22] - Black Rifle Ready to Drink Coffee remains a Top-3 brand in Q2 2025[23] - Black Rifle Energy achieved approximately 23% ACV with distribution in 15200 doors, including 2800 Walmart locations (~66% Walmart ACV), 8900 convenience stores (~7% Convenience Store ACV), and 3250 grocery stores (~12% Grocery Store ACV)[27] Financial Outlook - The company projects net revenues between $395 million and $425 million for 2025, representing a 1% to 9% growth[40] - Gross margin is expected to be in the range of 35% to 37%[40] - Adjusted EBITDA is projected to be between $20 million and $30 million[41]

Financial Performance - Purple Innovation reported a quarterly loss of $0.11 per share, better than the Zacks Consensus Estimate of a loss of $0.12, and an improvement from a loss of $0.13 per share a year ago, representing an earnings surprise of +8.33% [1] - The company posted revenues of $105.1 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.46%, but down from $120.27 million in the same quarter last year [2] - The current consensus EPS estimate for the upcoming quarter is -$0.07 on revenues of $121.23 million, and for the current fiscal year, it is -$0.32 on revenues of $467.28 million [7] Market Performance - Purple Innovation shares have increased by approximately 28.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.6% [3] - The company has surpassed consensus EPS estimates in all four of the last quarters [2] Industry Outlook - The Consumer Products - Staples industry, to which Purple Innovation belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

Group 1: WK Kellogg Company Overview - WK Kellogg (KLG) shares increased by 7% to close at $17.05, supported by strong trading volume, contrasting with a 0.3% loss over the past four weeks [1] - The rise in shares is attributed to optimism regarding the company's strategic transformation, including cost-reduction efforts, brand revitalization, and enhanced pricing power [1] - The company's focus on improving margins and stabilizing volumes is boosting investor confidence [1] Group 2: Earnings Expectations - WK Kellogg is expected to report quarterly earnings of $0.38 per share, reflecting a year-over-year increase of 5.6%, while revenues are projected to be $657.22 million, a decrease of 2.2% from the previous year [2] - The consensus EPS estimate for WK Kellogg has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Group 3: Industry Context - WK Kellogg holds a Zacks Rank of 3 (Hold) within the Consumer Products - Staples industry [4] - BRC Inc. (BRCC), another company in the same industry, saw a 15.3% increase in its stock price, closing at $1.51, despite a -23.4% return over the past month [4] - BRC Inc.'s consensus EPS estimate has remained unchanged at -$0.03, representing a 200% decline compared to the previous year's EPS, and it currently holds a Zacks Rank of 5 (Strong Sell) [5]