NYSE$SBDS
Solo Brands Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Solo Brands' Q4 2023 results reflected a decrease in net sales and a net loss, impacted by lower direct-to-consumer revenue and impairment charges.
Solo Brands reported a decrease in net sales for Q4 2023, driven by lower direct-to-consumer revenue. The company experienced a significant net loss due to impairment charges, partially offset by increased wholesale revenue and reduced selling, general, and administrative expenses. Management is focused on strategic investments for long-term growth.
- Net sales decreased by 16.2% to $165.3 million compared to Q4 2022.
- Net loss was $210.9 million, significantly down from a net income of $19.5 million in Q4 2022, due to impairment charges.
- Direct-to-consumer revenue decreased by 20.8%, while wholesale revenue increased by 4.2%.
- Adjusted EBITDA decreased by 61.6% to $14.9 million.
Headline financials
Revenue & EPS history
Solo Brands · Revenue · Quarterly
$165M
Forward guidance
Solo Brands expects total revenue between $490 million and $510 million for 2024, with an adjusted EBITDA margin between 10% and 12%.
Tailwinds
- Strength of brands
- Long-term growth strategy
- Tremendous opportunity for both channel and category expansion
- Focus on strategic investments for the long-term.
Headwinds
- Uncertain environment
- Pressures on consumers’ discretionary spending
- Guidance is based on assumptions that are subject to change
- Actual results may vary from assumptions.
- 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 Q4 2023
-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 | — | — | — |
Discussion
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