NYSE$SBDS

Solo Brands Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Exceeded expectations and showcased a differentiated model that delivers top-line growth with solid adjusted EBITDA and positive free cash flow.

Solo Brands reported strong Q4 2022 results, exceeding expectations with an 11.8% increase in net sales and a 57.2% increase in net income. The company's direct-to-consumer, wholesale, and international businesses all grew. While acknowledging ongoing macroeconomic uncertainty for 2023, Solo Brands expressed confidence in its brands and strategies.

  • Net sales increased by 11.8% to $197.2 million compared to Q4 2021.
  • Net income increased by 57.2% to $19.5 million compared to Q4 2021.
  • Adjusted EPS was $0.33 per diluted share for Q4 2022.
  • Wholesale revenues increased 196.4% to $36.5 million compared to Q4 2021.

Headline financials

Total Revenue

$197M

Previous: $176M+11.8%
EPS (adj)

$0.33

Previous: $0.45-26.7%
Capital Expenditures

$1.73M

Previous: $5.54M-68.8%
Free Cash Flow

$23.2M

Previous: $35.9M-35.5%
Net Income

$19.5M

Previous: $12.4M+57.3%
Operating Income

$26.8M

Previous: $17.3M+55.0%
Gross Profit

$118M

Previous: $112M+5.6%
Cash & Equivalents

$23.3M

Previous: $25.1M-7.2%
Total Assets

$862M

Previous: $838M+2.9%
Stock-Based Comp

$5.39M

Previous: $6.6M-18.4%

Revenue & EPS history

Solo Brands · Revenue · Quarterly

$197M

Q4 2022+11.8%vs Q4 2021
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

Total revenue is expected to be between $520 million to $540 million for 2023. Adjusted EBITDA margin is expected to be between 16.5% to 17.5% for 2023.

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 Q4 2022

Historical avgQ4 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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