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Article Date: November 2024
Word Count: 158

Hefty Impairment Charge Impacts Solo Brands


Quarterly results at the parent of six lifestyle brands, including Solo Stove and Oru Kayak, were negatively impacted by an $83.6 million charge related to restructuring, contract termination, and impairment costs. The charge was related to consolidating its Oru and Isle management structure, $43.2 million of costs related to the IcyBreeze portable cooler segment, and $14.8 million in contract terminations. The Q3 net loss attributable to shareholders was $69,864,000 against ... Log in to view full article.

 


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