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Article Date: November 2023
Word Count: 249

Solo Brands’ Sales Grow as it Girds for Holiday


Net income attributable to shareholders was $4,128,000 in the third quarter against a loss of $2,204,000 last year, helped by a $6.2 million tax benefit, as revenues climbed 8% to $110,324,000 from $102,162,000. Adjusted EBITDA was up by a third to $14,950,000. The parent company of Solo Stove, Chubbies, Oru and Isle continued to throttle back its direct-to-consumer efforts, cutting digital marketing spend in favor of developing retail partnerships. Wholesale more than doubled to $34.0 million, with shop-in-shops at Dick’s SG, Public Lands and Scheels getting a call out, and Solo ... Log in to view full article.

 


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