NYSE$SBDS

Solo Brands Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Announced third quarter fiscal 2021 results and raised 2021 guidance.

Solo Brands reported a strong third quarter with a 138.3% increase in total revenue, driven by growth across all brands, including the recently acquired Chubbies and ISLE. While net income decreased, adjusted net income and adjusted EBITDA showed significant growth, reflecting the company's strong operational performance and investments in its supply chain and marketing.

  • Total revenue grew by 138.3% to $69.4 million compared to the third quarter of last year.
  • Net income decreased by (79.4)% to $2.1 million.
  • Adjusted EBITDA increased by 56.7% to $18.2 million compared to the third quarter last year.
  • Full-year guidance was raised, with total revenue expected to be between $344 million and $352 million.

Headline financials

Total Revenue

$69.4M

Previous: $45.4M+52.9%
EPS (adj)

$0.04

Previous: $0.27-85.2%
Adjusted Net Income

$15.8M

Previous: $11.3M+39.8%
Adjusted EBITDA

$18.2M

Previous: $11.6M+56.9%
Adjusted Gross Profit

$46.5M

Previous: $20.9M+122.5%
Adjusted Gross Margin

67.0%

No prior period
Capital Expenditures

-$5.1M

Previous: $663K-869.8%
Free Cash Flow

-$3.92M

Previous: $25.2M-115.6%
Net Income

$1.18M

Previous: $21.5M-94.5%
Operating Income

$4.31M

Previous: $22.8M-81.1%
Gross Profit

$41M

Previous: $45.4M-9.6%
Cash & Equivalents

$9.53M

No prior period
Total Assets

$826M

No prior period
Stock-Based Comp

$242K

No prior period

Revenue & EPS history

Solo Brands · Revenue · Quarterly

$69.4M

Q3 2021+52.9%vs Q3 2020
Beat estimate in 5 of 9 quarters(56%)
ActualEstimate

Forward guidance

Solo Brands raised its full-year guidance and expects total revenue to be between $344 million and $352 million, and Adjusted EBITDA to be between $107 million and $109 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports

Historical avg

-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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