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Solo Brands Inc Class A (DTC)
NYSE:DTC
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.12Last Year’s EPS
$0.03Same 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: -26.03%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with both positive strides in retail sales and new partnerships, alongside significant challenges in the direct-to-consumer segment and large financial write-downs. While there are promising initiatives and potential for growth, current financial and operational hurdles present notable concerns.Company Guidance
During the third quarter earnings call for Solo Brands, Inc., the company reaffirmed its fiscal 2024 guidance, forecasting revenues in the range of $470 million to $490 million and an adjusted EBITDA margin between 9% and 10%. Despite challenges, including a 14.7% decline in quarterly sales to $94.1 million and a 15.5% decrease in direct channel revenues, the company highlighted its strategic initiatives aimed at long-term growth. These include strengthening its retail channel, where sales excluding a prior year barter agreement increased by 10%, and focusing on product innovation and omnichannel strategies. The company's adjusted gross margin remained stable at 61.9%, excluding onetime charges, while adjusted net income was reported at $1.4 million. Solo Brands is also advancing its marketing strategies with initiatives like the Snoop campaign to boost brand awareness and sales conversion.Retail Sales Increase
Sales in the retail segment increased by 10% excluding a one-time barter agreement of $7.2 million in 2023.
NFL Partnership Success
The partnership with the NFL led to initial shipments selling out within the first 48 hours of launching online.
New Product Launches
Introduced the Surround Lite and a cookout kit, expanding product offerings and capabilities.
Growth in Apparel Division
Chubbies brand continues to perform well, expanding product assortment and generating interest with leagues like the NFL.
New Retail Partnerships
Signed a deal with a large national chain for a 130-store test, indicating potential for expansion.
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DTC 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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DTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.46 | $1.40 | -4.11% |
| Aug 07, 2024 | $2.02 | $1.09 | -46.04% |
| May 09, 2024 | $1.97 | $2.07 | +5.08% |
| Mar 14, 2024 | $2.41 | $2.12 | -12.03% |
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 Solo Brands Inc Class A (DTC) report earnings?
Solo Brands Inc Class A (DTC) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Solo Brands Inc Class A (DTC) earnings time?
Solo Brands Inc Class A (DTC) earnings time is at Apr 01, 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 DTC EPS forecast?
DTC EPS forecast for the fiscal quarter 2024 (Q4) is $0.12.
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