NYSE$SBDS
Solo Brands Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
First quarter results were announced, with sales and adjusted EBITDA exceeding expectations due to strong wholesale performance and sales trends accelerating throughout the quarter. Full year 2024 guidance was reaffirmed.
Solo Brands reported a decrease in net sales to $85.3 million, a net loss of $6.5 million, and an adjusted EBITDA of $4.3 million. Despite a decline in direct-to-consumer revenue, wholesale revenue increased. The company reaffirmed its full-year 2024 revenue guidance of $490 million to $510 million and adjusted EBITDA margin guidance of 10% to 12%.
- Net sales decreased by 3.3% to $85.3 million compared to the first quarter of 2023.
- Net loss was $6.5 million, a decrease of $7.4 million from the previous year.
- Adjusted EBITDA decreased by 72.1% to $4.3 million.
- Direct-to-consumer revenues decreased by 6.8%, while wholesale revenues increased by 2.5%.
Headline financials
Revenue & EPS history
Solo Brands · Revenue · Quarterly
$85.3M
Forward guidance
Solo Brands reaffirmed its full year 2024 guidance.
Tailwinds
- Total revenue is expected to be between $490 million to $510 million for 2024.
- Adjusted EBITDA margin is expected to be between 10% to 12% for 2024.
Headwinds
- The Company’s full year 2024 guidance is based on a number of assumptions that are subject to change, many of which are outside the Company’s control.
- If actual results vary from these assumptions, the Company’s expectations may change.
- There can be no assurance that the Company will achieve these results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q1 2024
-1.4%
Avg return
Earnings day
-3.5%
Avg return
5 days after
-3.7%
Avg return
30 days after
44%
8 / 18 earnings
Positive
+50.8%
Q1 2025
Best reaction
-62.9%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.2% | -9.3% | -17.3% | |
| Q3 2025 | -28.3% | -20.1% | -33.9% | |
| Q1 2025 | +50.8% | +30.1% | +119.2% | |
| Q4 2024 | -62.9% | -64.9% | -75.6% | |
| Q3 2024 | -10.3% | -14.4% | -21.9% | |
| Q2 2024 | -41.6% | -37.1% | -28.7% | |
| Q1 2024 | +3.0% | +2.0% | -5.6% | |
| Q4 2023 | -2.9% | -10.4% | -21.2% | |
| Q3 2023 | +14.7% | +13.4% | +35.4% | |
| Q2 2023 | +10.3% | +6.7% | -1.8% | |
| Q1 2023 | -5.2% | -6.6% | -42.0% | |
| Q4 2022 | +36.6% | +66.4% | +99.8% | |
| Q3 2022 | +24.1% | +25.8% | +5.2% | |
| Q2 2022 | -2.0% | -6.0% | -20.7% | |
| Q1 2022 | -5.5% | -15.6% | -8.5% | |
| Q4 2021 | +3.9% | -4.9% | -26.9% | |
| Q3 2020 | +3.1% | -7.2% | -7.1% | |
| Q3 2021 | -11.0% | -11.5% | -15.1% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — |
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