Solo Brands Inc
NYSE:DTC

  • LAST PRICE
    1.9500
  • TODAY'S CHANGE (%)
    0.0100 (0.5155%)
  • Bid / Lots
    1.8100/ 22
  • Ask / Lots
    2.0000/ 6
  • Open / Previous Close
    1.9500 / 1.9400
  • Day Range
    1.9500
    1.9900
  • 52 Week Range
    1.7400
    6.6700
  • Volume
    226,195

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  • May 9, 2024

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    • 3:09PM ET on Thursday May 09, 2024 by Dow Jones
      Companies Mentioned: DTC

      1509 ET - Solo Brands topped Wall Street expectations in 1Q but Jefferies has yet to get more constructive on the seller of Solo Stoves, Chubbies shorts and other brands. A key reason is a relatively new management team that has yet to really lay out a long-term plan. While the firm thinks that Solo has an impressive stable of lifestyle brands, recent execution missteps, management turnover and "the absence of a strategic plan have moved us to the sidelines," the firm writes. "That said, new leadership should help over time and we will be watching for change and improvement." Shares rise 4.8% to $2.07, but are down by about two-thirds this year. (paul.ziobro@wsj.com; @pziobro)

    • 6:51AM ET on Thursday May 09, 2024 by MT Newswires
      Companies Mentioned: DTC
      06:51 AM EDT, 05/09/2024 (MT Newswires) -- ...

    • 6:51AM ET on Thursday May 09, 2024 by Dow Jones
      Companies Mentioned: DTC

      Beginning with the reporting of our results for the three and twelve month periods ended December 31, 2023, adjusted net income (loss) per Class A Common Stock removes the portion of adjusted net income (loss) attributable to noncontrolling interests as management believes this presentation provides investors with a more concise view of the Company's results. The Company intends to present adjusted net income (loss) per Class A Common Stock on this basis going forward and will present prior periods on the same basis for comparability purposes.

    • 6:50AM ET on Thursday May 09, 2024 by Business Wire
      Companies Mentioned: DTC

      Solo Brands, Inc. (NYSE: DTC) ("Solo Brands" or "the Company") today announced its financial results for the three month period ended March 31, 2024.

      "We are pleased with our first quarter results as sales and adjusted EBITDA came in ahead of our expectations driven by strong performance in our wholesale channel. We were encouraged to see sales trends accelerate as we moved through the quarter," said Chris Metz, Chief Executive Officer of Solo Brands. "During the quarter we made considerable progress on developing our strategic plan for our core brands, while continuing to focus on putting the right people and processes in place to position us to generate consistent long-term growth."

    • 6:50AM ET on Thursday May 09, 2024 by Dow Jones
      Companies Mentioned: DTC

      We calculate EBITDA as net income (loss) before interest expense, income taxes, and depreciation and amortization expenses.

      Adjusted EBITDA

      We calculate adjusted EBITDA as net income (loss) before interest expense, income taxes, depreciation and amortization expenses, impairment charges, equity-based compensation expense, and the costs that are believed by management to be non-operating in nature and not representative of the Company's core operating performance, as listed below under "Non-GAAP Adjustments".

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