NYSE$SBDS

Solo Brands Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong sales growth year-over-year despite worldwide supply chain headwinds.

Solo Brands reported a net sales increase of 53.3% to $136.0 million compared to the second quarter of 2021. The increase was driven by activity from acquired businesses and improved demand in both the wholesale and direct-to-consumer sales channels. However, the company experienced a net loss of $19.9 million, a decrease of $39.6 million compared to the same period last year.

  • Net sales increased by 53.3% to $136.0 million.
  • Direct-to-consumer revenues increased 63.2% to $116.1 million.
  • Gross profit increased 45.2% to $86.7 million.
  • Adjusted EPS for the second quarter of 2022 was $0.40.

Headline financials

Total Revenue

$136M

Previous: $88.7M+53.3%
EPS (adj)

$0.40

Previous: $0.32+26.1%
Adjusted EBITDA

$23.7M

Previous: $31.1M-23.8%
Adjusted Gross Margin

65.0%

No prior period
Capital Expenditures

-$4.58M

No prior period
Free Cash Flow

-$16.6M

No prior period
Net Income

-$12M

Previous: $19.5M-161.7%
Operating Income

-$19.9M

Previous: $23.2M-185.8%
Gross Profit

$86.7M

Previous: $59.7M+45.2%
Cash & Equivalents

$26.7M

No prior period
Total Assets

$859M

No prior period
Stock-Based Comp

$4.45M

No prior period

Revenue & EPS history

Solo Brands · Revenue · Quarterly

$136M

Q2 2022+53.3%vs Q2 2021
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

Total revenue is expected to grow in the mid-20% range. Adjusted gross margin is planned to be above 60% of total revenue. Adjusted EBITDA margin is forecasted to be in the mid-teens as a percentage of total revenue.

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 Q2 2022

Historical avgQ2 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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