Preview - Please log in to view full article.

Article Date: August 2022
Word Count: 299

Solo Brands Has Q2 Loss on Impairment Charge


Net loss slightly widened to $19,873,000 in the second quarter from $19,728,000 on net sales that were up 53% to $136,019,000 from $88,745,000, but the bottom line was hit by $30.6 million in impairment charges related to goodwill for Isle. The top line saw improvement from Q3 ’21 acquisitions and product launches from Solo Stove and Oro, and total orders were up 113% while AOV slipped 32% as the company brings Chubbies onboard. Direct-to-consumer sales were up 63% to $116.1 million, while wholesale was up 13% to $19.9 million as Chubbies ... Log in to view full article.

 


Already a subscriber?

User Name:  

Password:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.