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Article Date: May 2022
Word Count: 404

Solo Stove Swings to Loss in Q1


Net loss attributable to Solo Brands Inc. was $2,035,000 against last year’s income of $22,234,000 due to acquisition and go-public costs, as sales that were up 19% to $82,203,000 from $69,071,000. Sales were driven by a 35% increase in volume and 13% boost to AOV, largely on the addition of revenue from Oru, Chubbies and Isle. DTC sales were off 3% to $60.2 million. The channel bore the brunt of $20.2 million in deferred revenue recognized in the prior year due to late 2020 supply chain disruptions, which is now down to a more normal $3.5 million. Wholesale sales jumped ... Log in to view full article.

 


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