Solo Brands Shares Higher After Raising Guidance

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by Michael Dabai

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Shares of Solo Brands Inc. rose 11% to $16.39 premarket after the company boosted its guidance for revenue and adjusted earnings before interest, taxes, depreciation and amortization.

The direct-to-consumer lifestyle brand company guided for 2021 revenue of $400 million to $402 million, up from its prior guidance of $344 million to $352 million.

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The company guided for adjusted EBITDA of $120 million to $121 million, up from its previous outlook of $107 million to $109 million.

For the Solo Stove brand, initial revenue is expected to be approximately $361 million.

The company said it sees fourth-quarter revenue of $173 million to $175 million and adjusted EBITDA of $43 million to $44 million. FactSet agreed for sales of $122.7 million in the fourth quarter.

“We delivered tremendous growth and profitability with triple-digit organic revenue growth in 2021, reflecting strong consumer demand across brands despite unprecedented challenges and an uncertain environment,” said Chief Executive John Merris.

Write to Michael Dabai at [email protected]

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