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Brilliant Earth Group (BRLT)
NASDAQ:BRLT
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-$0.01Last Year’s EPS
$0.04Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 21.30%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong profitability and strategic expansions highlighting the company's resilience. However, there were significant challenges in sales metrics like a decline in net sales and average order value. Despite these challenges, the company's focus on brand strength, showroom expansion, and financial health contributes positively to the overall outlook.Company Guidance
During the call, Brilliant Earth provided guidance reflecting a dynamic strategy amidst industry headwinds. The company reported Q3 net sales of $99.9 million, a 13% year-over-year decline, within their guidance range. They achieved a gross margin expansion of 230 basis points to 60.8% and delivered $3.6 million in adjusted EBITDA, surpassing profitability expectations. Despite a challenging engagement market, they observed strong growth in non-engagement categories, such as wedding and anniversary bands and fine jewelry, highlighted by the successful launch of the Jane Goodall collection. The company raised its adjusted EBITDA guidance for the year to $14 million to $16 million, expecting sequential improvement in sales growth in Q4. Their asset-light, data-driven model, coupled with strategic investments in brand-building, showroom expansion, and marketing efficiency, positions them well to seize emerging demand in a competitive and promotional environment.Consistent Profitability
Achieved 13 consecutive quarters of profitability with Q3 delivering $3.6 million in adjusted EBITDA.
Gross Margin Expansion
Expanded gross margin by 230 basis points year-over-year to 60.8%.
Successful New Product Launch
Launched a fine jewelry collection with Dr. Jane Goodall, marking the most successful launch ever for their fine jewelry collection.
Showroom Expansion
Expanded retail footprint with new locations, aiming for 40 showrooms by year-end.
Cash and Financial Strength
Ended Q3 with approximately $153 million in cash, reflecting a year-over-year increase of $5.5 million.
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BRLT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BRLT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.69 | $1.82 | +7.69% |
| Aug 08, 2024 | $2.48 | $2.15 | -13.31% |
| May 09, 2024 | $2.68 | $2.69 | +0.37% |
| Mar 14, 2024 | $2.53 | $2.63 | +3.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brilliant Earth Group (BRLT) report earnings?
Brilliant Earth Group (BRLT) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Brilliant Earth Group (BRLT) earnings time?
Brilliant Earth Group (BRLT) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BRLT EPS forecast?
BRLT EPS forecast for the fiscal quarter 2024 (Q4) is >-$0.01.
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