NYSE$SBDS
Solo Brands Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported mixed results with retail sales growth offset by a slight decline in direct-to-consumer revenue. Full year guidance was lowered due to softer demand trends.
Solo Brands reported a slight increase in net sales for the second quarter of 2024, but experienced a net loss. While retail sales increased, direct-to-consumer revenue declined slightly. The company lowered its full year 2024 guidance due to challenging near-term environment and softer demand trends.
- Net sales increased by 0.5% to $131.6 million compared to the second quarter of 2023.
- Net loss was $4.0 million, a decrease of $15.6 million or 135.1% compared to the same period last year.
- Direct-to-consumer revenues decreased slightly to $98.8 million, a 0.9% decrease year-over-year.
- Retail revenues increased by 4.8% to $32.8 million compared to the second quarter of 2023.
Headline financials
Revenue & EPS history
Solo Brands · Revenue · Quarterly
$132M
Forward guidance
Solo Brands updated its full year 2024 outlook, expecting total revenue between $470 million and $490 million, and adjusted EBITDA margin between 9% and 10%.
Tailwinds
- Laser focused on stabilizing business
- Investing in capabilities and infrastructure
- Aiming to return to growth in 2025
Headwinds
- Challenging 3rd quarter performance
- Uncertain macroeconomic environment
- Lowering annual guidance for 2024
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 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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