Solo Brands reports Q3 adjusted EPS 2c, consensus 2c

Reports Q3 revenue $94.1M, consensus $92.61M. “Our third quarter results were in line with our expectations despite a continued challenging macroeconomic backdrop for big ticket consumer durable items,” said Chris Metz, Chief Executive Officer of Solo Brands (DTC). “We continue to see strong momentum and excitement from our retail partners; however, as expected, sales in our direct-to-consumer channel were challenged. During the quarter, we took decisive measures to address factors that were hindering our growth, and as a result of these actions, we believe that we are well positioned moving forward.” Chris Metz continued “As we move into our all-important fourth quarter, we are encouraged by our early sales trends. While we recognize the majority of the season is in front of us, we feel good about how we are positioned and are reaffirming our full year guidance for 2024.”