Solo Brands Sees Trends Improving after Down Quarter
The Solo Stove and Chubbies parent narrowed its net loss to $5,466,000 in the first quarter from a loss of $12,192,000, as sales declined 19% to $62,881,000 from $77,252,000. Stove sales cratered 39% to $16.0 million as the company continues DTC promotional discipline to support its retail partners, who are working through elevated legacy inventory levels. Chubbies was down 14% to $36.7 million on lower DTC sales and timing of ... Log in to view full article.
