Education
About Us
Working with TipRanks
Follow Us
Solo Brands, Inc. Class A (DTC)
:DTC
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.03Last Year’s EPS
0.03Same Quarter Last Year
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -72.73%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a challenging year with a decline in net sales and significant net losses. Despite these challenges, the company has implemented strategic initiatives to improve profitability and efficiency. The introduction of experienced leadership and the development of value-accretive initiatives are positive steps. However, uncertainties in financial compliance and the paused financial guidance contribute to a cautious outlook.Company Guidance
During the Solo Brands Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call, the company provided guidance indicating a focus on accelerating their strategic turnaround plan for 2025, following a challenging year where net sales declined by 8% to $454.6 million. Key metrics highlighted include an adjusted gross profit margin increase to 61.7%, adjusted EBITDA of $32.6 million or 7.2% of net sales, and an adjusted net income of $11.4 million with an EPS of $0.12. The company reported a GAAP net loss of $180.2 million, an improvement from the previous year's net loss of $195.3 million. The fourth quarter alone saw net sales of $143.5 million, down 13.2% from the prior year, with a gross profit margin of 61.1%. Strategic initiatives include a focus on optimizing the bottom line, resetting the cost structure, improving marketing efficiency, and leveraging new product launches. However, they have paused financial guidance due to anticipated challenges in the consumer environment and tariff uncertainties. The company's balance sheet at year-end showed cash and cash equivalents of $12 million, with revolver borrowings of $69 million and a term loan outstanding of $83 million.Improved Gross Profit Margin
The adjusted gross profit margin increased to 61.7% for the year, up 30 basis points from the prior year.
Successful Cost Optimization Initiatives
The company successfully renegotiated freight contracts and consolidated distribution centers to maintain operating leverage.
Introduction of New Strategic Initiatives
Over 30 value-accretive initiatives were developed to return Solo Brands to profitable and sustainable growth.
Strengthened Leadership Team
Liz Vanzura, an award-winning marketer, joined as Interim CMO to revamp marketing strategies.
---
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
---
DTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $0.66 | $0.24 | -63.64% |
| 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% |
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.
---
FAQ
When does Solo Brands, Inc. Class A (DTC) report earnings?
Solo Brands, Inc. Class A (DTC) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Solo Brands, Inc. Class A (DTC) earnings time?
Solo Brands, Inc. Class A (DTC) earnings time is at May 08, 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 2025 (Q1) is -0.03.
---
