“Our fourth quarter results demonstrate the impact of decisive cost restructuring actions alongside solid execution on new product launches. Preliminary Fiscal 2025 fourth quarter Adjusted EBITDA is expected to exceed $9M, up from $6.3M in the prior year period. Importantly, this performance positions Solo Brands (SBDS) in full compliance with all financial covenants under our existing financing agreements, notwithstanding continued revenue pressure during the quarter. As we enter 2026, we are focused on b ...

Q4 Results Expected to Generate 3rd Consecutive Quarter of Positive Operating Cash Flow GRAPEVINE, Texas, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Solo Brands, Inc. (NYSE: SBDS) (“Solo Brands” or “the Company”) a leading portfolio of lifestyle brands (Solo Stove, Chubbies, Isle and Oru) that are redefining the outdoor and apparel industries, announces preliminary unaudited selective financial information for the fourth quarter ended December 31, 2025. The Company also plans to release its full financial results on ...

Core Viewpoint - Solo Brands, Inc. is simplifying its organizational structure to align with shareholder interests and expects significant cash savings from these strategic actions [1][2][6] Group 1: Organizational Changes - The company is eliminating its umbrella partnership C corporation (Up-C) structure to limit material liability for potential cash payments under its Tax Receivable Agreement (TRA) [1][6] - Outstanding shares of Solo Brands Class B common stock held by former TRA parties will be cancelled, and corresponding units of Solo Stove Holdings, LLC will be exchanged for shares of Solo Brands Class A common stock on a one-for-one basis [3] Group 2: Financial Implications - The simplification of the corporate structure is expected to reduce future cash tax payments by an estimated $10 million over the next five years [6] - Solo Brands anticipates realizing approximately $0.5 million in annual savings from reduced compliance and financial reporting costs associated with having a single class of common stock outstanding [6] Group 3: Company Overview - Solo Brands is headquartered in Grapevine, TX, and operates a portfolio of lifestyle brands including Solo Stove, Chubbies, Isle, and Oru, focusing on innovative products in the outdoor and apparel industries [4]

Summary of Solo Brands Conference Call Company Overview - **Company Name**: Solo Brands - **Ticker Symbol**: SBDS - **Key Brands**: Solo Stove and Chubbies account for 90% of revenue, with water sports brands Isle and Oru Kayak making up the remaining 10% [1][4][3] Financial Performance - **Last Twelve Months (LTM) Revenue**: Approximately $366 million [4] - **EBITDA**: Approximately $15 million [4] - **Employee Count**: Roughly 400 [4] - **Revenue Decline**: From $94 million last year to $53 million this year, with a significant portion attributed to Solo Stove [26] Challenges Faced - **Excessive Cost Structure**: Previous management over-expanded infrastructure without corresponding sales growth, leading to a mismatch between costs and revenues [7][8] - **Inventory Issues**: Retailers were left with excessive inventory due to aggressive promotions that undercut them, resulting in strained relationships [8][17] - **Debt Concerns**: The company faced a significant debt load of $250 million against a low EBITDA, leading to a "going concern" disclaimer from auditors [24][25] Strategic Changes Implemented - **Cost Reduction**: Achieved a 36% reduction in SG&A expenses year-over-year [13] - **Debt Refinancing**: Successfully refinanced debt through June 2028, providing necessary runway [24] - **Marketing Effectiveness**: Shifted focus from high marketing spend to more effective strategies, reducing marketing expenses significantly [12][20] - **Product Innovation**: Increased investment in product development while cutting back on marketing, leading to new product launches [11][32] Product Development and Innovation - **New Products**: Launched innovative products like the Summit 24 smokeless fire pit and the Infinity Flame propane fire pit, which have received positive market responses [38][41] - **Market Positioning**: Focused on maintaining premium brand status while expanding into new categories [37][41] Retail and DTC Strategy - **Retail Partnerships**: Emphasized the importance of aligning with retail partners to ensure mutual success and avoid inventory issues [18][19] - **DTC Sales**: DTC sales have declined due to reduced promotions, but the company aims to improve this channel [17][31] Future Outlook - **Holiday Season Expectations**: Anticipates that 30% of annual revenue will come from the holiday season, with a strong pipeline of products for 2026 [48] - **International Expansion**: Currently, 10% of sales are from international markets, with plans to increase this to 25-30% [52] Additional Insights - **NPS Scores**: Solo Stove has an NPS score of 73, indicating strong customer loyalty [5] - **Tariff Impact**: The company has navigated tariff challenges by diversifying its supply chain, moving production to Southeast Asia and Mexico [53][54] This summary encapsulates the key points discussed during the conference call, highlighting the company's current status, challenges, strategic initiatives, and future outlook.

Core Insights - Solo Brands, Inc. will participate in the 17th Annual Southwest IDEAS Investor Conference on November 19, 2025, showcasing its portfolio of lifestyle brands [1][2] - The company will conduct one-on-one investor meetings and a live presentation scheduled from 2:40-3:15 PM CT [2] - Key executives attending include CEO John Larson, CFO Laura Coffey, and Senior Director Mark Anderson [2] Company Overview - Solo Brands is headquartered in Grapevine, TX, and operates as an omnichannel lifestyle brand company [3] - The company offers innovative products through five lifestyle brands: Solo Stove, TerraFlame, Chubbies, ISLE, and Oru Kayak [3] - Product offerings include firepits, stoves, casual apparel, paddle boards, and origami folding kayaks [3]

Core Insights - Solo Brands is focusing on structural cost reductions to align with current demand levels, achieving $11 million in operating cash flow for Q3 2025, marking the second consecutive quarter of positive cash flow [1][2][4] Financial Performance - Q3 2025 net sales were $53.0 million, a decrease of 43.7% from $94.1 million in Q3 2024, primarily due to reduced sales in the Solo Stove segment as retail partners worked through excess inventory [7] - Gross profit for Q3 2025 was $31.8 million, or 60.0% of net sales, down 19.0% year-over-year, while adjusted gross profit was $32.2 million, or 60.6% of net sales, reflecting a 44.9% decrease due to inventory write-downs [7] - Operating expenses decreased to $48.0 million, down 68.9% year-over-year, largely due to significant reductions in restructuring and marketing costs [7] - The net loss for Q3 2025 was $22.9 million, improving from a net loss of $111.5 million in Q3 2024, with an adjusted net loss of $11.9 million [7] Segment Performance - Solo Stove segment net sales were $30.8 million, a decline of 48.1%, while Chubbies segment net sales were $16.5 million, down 16.0% [11][26] - Chubbies segment EBITDA improved to $21.5 million, or 20.8% of net sales, compared to $12.2 million, or 13.8% of net sales in the prior year [11][26] Strategic Initiatives - The company is committed to stabilizing its business and strengthening its balance sheet while focusing on sustainable, profitable growth [4][2] - Recent product launches, such as the Summit 24" and Infinity Flame firepits, have received positive initial responses, improving sales trends in October [4] Balance Sheet and Cash Flow - As of September 30, 2025, cash and cash equivalents were $16.3 million, up from $12.0 million at the end of 2024, while inventory decreased to $84.8 million from $108.6 million [9][10] - Outstanding borrowings under the 2025 Term Loan were $247.1 million, with no balance under the 2025 Revolving Credit Facility [10][12]

Summary of Solo Brands FY Conference Call - August 27, 2025 Company Overview - **Company**: Solo Brands - **Key Brands**: Solo Stove and Chubbies, which together account for approximately 90% of revenue [7][8] - **Financials**: Approximately $400 million in revenue and $27 million in EBITDA over the last twelve months [7] Core Points and Arguments Turnaround Strategy - The company faced challenges in Q4 2024, leading to a turnaround plan initiated by the new interim CEO [3][11] - A significant portion of revenue (40%) is generated in Q4, making it critical for annual performance [12] - The company experienced a "going concern" disclaimer from auditors due to poor performance and debt levels [13][38] Organizational Changes - A restructuring plan was implemented to create a smaller, profit-driven business model, resulting in a 20% reduction in headcount [23][17] - Focus on marketing effectiveness, pricing strategies, and product innovation as key areas for improvement [18][19][20] Marketing and Sales Strategy - Marketing spend was approximately $100 million, representing over 20% of revenue, with efforts to ensure better returns on marketing investments [18][32] - The company shifted its promotional strategies to avoid undercutting retail partners, which had led to inventory issues [27][30][31] Financial Restructuring - Successfully refinanced debt, providing runway through 2028 and removing the going concern disclaimer [37][38] - Despite a revenue decline, the company managed to reduce SG&A expenses by $23 million, maintaining profitability [48][80] Product Innovation - New product launches include the Windchill 47 air conditioner and the SteelFire Griddle, with positive market reception [54][58] - Plans for aggressive product rollout in 2026, focusing on outdoor cooking and cooling [66][75] Additional Insights Brand Performance - Solo Stove faced significant challenges with inventory and sales, while Chubbies reported strong growth, particularly in the first half of the year [49][50] - Chubbies experienced 30-40% growth in retail and DTC channels, indicating a healthy brand presence [69] Market Positioning - Solo Brands aims to maintain a premium market position, avoiding competition with lower-end products [78] - The company is focused on building strong relationships with key retail partners like Home Depot and Bass Pro Shops [83] Future Outlook - The management team is optimistic about the future, emphasizing the importance of product quality and innovation to drive growth [76][79] - The company is positioned to leverage its strong brand community and premium product offerings to recover and grow [80][81]

Core Viewpoint - Solo Brands, Inc. is actively engaging with investors by participating in the 16th Annual Midwest IDEAS Investor Conference, showcasing its commitment to investor relations and transparency [1][2]. Company Overview - Solo Brands, headquartered in Grapevine, TX, operates as a leading omnichannel lifestyle brand company, offering innovative products through five lifestyle brands: Solo Stove, TerraFlame, Chubbies, ISLE, and Oru Kayak [3]. - The company specializes in outdoor and apparel industries, with products including firepits, stoves, casual apparel, paddle boards, and origami folding kayaks [3]. Investor Engagement - The company will host one-on-one investor meetings and has scheduled a presentation on August 27, 2025, from 10:45 to 11:20 AM CT [2]. - Key executives, including the CEO, CFO, and Senior Director of Treasury & IR, will represent Solo Brands at the conference [2]. - The presentation will be available via live webcast, with a replay accessible shortly after the event [2].

Core Insights - Solo Brands, Inc. reported a significant focus on transforming into a smaller, profit-driven business model, achieving nearly $11 million in cash from operations for Q2 2025 [2][3] - The company faced challenges in the Solo Stove segment due to excessive inventory and a shift away from a promotional sales strategy, while Chubbies showed strong growth with a 13.1% increase in sales [2][5] - The company successfully refinanced its debt, eliminated the going concern disclaimer, and reinstated trading of its Class A common stock under the new ticker symbol SBDS [2][12] Financial Performance - For Q2 2025, net sales decreased to $92.3 million, down 29.9% from $131.6 million in Q2 2024, primarily due to declines in the Solo Stove segment [5][9] - Gross profit for Q2 2025 was $56.6 million, representing 61.3% of net sales, a decrease of 150 basis points compared to the prior year [5][9] - Operating expenses decreased by $14.0 million to $66.4 million, a reduction of 17.4%, mainly due to lower marketing and distribution costs [5][9] Segment Performance - Solo Stove segment net sales fell to $38.3 million, a decline of 45.8%, primarily due to reduced direct-to-consumer sales [5][9] - Chubbies segment net sales increased to $44.5 million, up 13.1%, with segment EBITDA improving to $11.5 million, or 25.8% of net sales [9][25] - Adjusted EBITDA for the company was $10.5 million, or 11.4% of net sales, compared to $15.5 million, or 11.7% of net sales in the prior year [5][9] Balance Sheet and Cash Flow - As of June 30, 2025, cash and cash equivalents were $18.1 million, up from $12.0 million at the end of 2024, while inventory decreased to $84.1 million from $108.6 million [8][27] - The company reported a net loss of $20.8 million for Q2 2025, compared to a net loss of $4.0 million in Q2 2024 [5][9] - Total liabilities included $10.0 million in borrowings under the revolving credit facility and $241.2 million under the term loan as of June 30, 2025 [10][11]

Core Viewpoint - The NYSE has lifted the trading suspension of Solo Brands' Class A common stock, allowing it to resume trading on July 18, 2025, under the symbol "DTC" [1][2]. Group 1: Trading Resumption - The trading of Solo Brands' Class A common stock on the NYSE is expected to resume on July 18, 2025, after the withdrawal of the delisting determination by NYSE Regulation [1]. - The company will update its ticker symbol to "SBDS" effective July 24, 2025, while the CUSIP number will remain unchanged [3]. Group 2: Compliance and Financial Status - Despite a reverse stock split that raised the stock price above $1.00 on July 9, 2025, the company is not currently in compliance with NYSE's continued listing standards due to an average closing price of less than $1.00 over a consecutive 30 trading-day period [2]. - The company has until August 25, 2025, to regain compliance with the minimum share price requirement, which can be achieved if the stock closes at least $1.00 on the last trading day of any calendar month during the cure period [2]. Group 3: Company Overview - Solo Brands, headquartered in Grapevine, TX, operates as an omnichannel lifestyle brand company, offering innovative products through five lifestyle brands: Solo Stove, TerraFlame, Chubbies, ISLE, and Oru Kayak [4].