Solo Brands, Inc. Reaffirms Earnings Guidance for the Full Year of 2023
November 07, 2023 at 06:50 am
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Solo Brands, Inc. reaffirmed earnings guidance for the full year of 2023. For the year, the company expects revenue to be in the range of $520 million to $540 million, with the most likely outcome at the midpoint of that range of $530 million which reflects the pressure from the macro environment as well as the timing of shipments that pulled forward from the fourth quarter into the third quarter.
Solo Brands, Inc. develops and produces ingenious lifestyle products that market and deliver through its direct-to-consumer (DTC) platform and wholesale partnerships. The Company operates six outdoor brands: Solo Stove, Oru Kayak, Inc. (Oru), International Surf Ventures, Inc. (ISLE), Chubbies, Inc. (Chubbies), Sconberg, LLC (TerraFlame) and IcyBreeze Cooling, LLC (IcyBreeze). Its brands develop products and market them directly to customers primarily through e-commerce channels. Its Solo Stoves include the Lite, Titan, and Campfire. Solo Stove Lite is an ultralight portable backpacking camp stove that can boil water in under 10 minutes using just twigs, sticks, and leaves. The Solo Stove fire pit products include the new tabletop Mesa, Ranger, Bonfire, Yukon, and Canyon. Its Oru brand includes five kayak models: the Inlet, Beach LT, Bay ST, Coast XT, and Haven. Its Chubbies brand offers apparel across five product lines: swim trunks, casual shorts, sport, polos and shirts, and lounge.
SOLO BRANDS, INC. 
