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Article Date: August 2023
Word Count: 241

Solo Brands’ Move Toward Wholesale Continues in Q2


The bottom line swung back to a $7,424,000 profit attributable to Solo Brands, Inc. from last year’s loss of $12,039,000, as it lapped $30.6 million in impairment charges related to the Isle acquisition, while net sales ticked down 4% to $130,927,000 from $136,019,000. A 14% drop in direct-to-consumer sales to $99.7 million was partially offset by a 57% boost to wholesale, which tallied $31.3 million in the quarter. The company continued its lean into omnichannel, which is expected to be a temporary headwind to the top line, as it scaled back ... Log in to view full article.

 


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