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Article Date: May 2024
Word Count: 288

Solo Brands Sees More Red Ink as DTC Falls


Net loss attributable to Solo Brands Inc. was $3,402,000 against last year’s profit of $924,000 on sales that were down 3% to $85,324,000 from $88,207,000 for the first quarter, as lower direct-to-consumer e-commerce traffic was partially offset by wholesale growth. DTC declined 7% to $51.0 million, picking up sequentially in the seasonally small quarter after Q4’s 21% drop off. This was partially offset by a 3% wholesale gain to $34.3 million. Solo Stove saw green shoots from Dick’s store count expanding from 350 to 700 doors in the quarter and the ... Log in to view full article.

 


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