Solo Brands Delivers 8 Percent Q3 Revenue Growth On Wholesale Boost
November 7, 2023
Solo Brands, Inc. reported significant improvement in adjusted earnings in the third quarter ended September 30 as sales advanced 8.0 percent, led by wholesale channel gains. Solo Brands’ portfolio includes Solo Stove, a maker of firepits, stoves and accessories; Chubbies, a casual apparel and activewear brand; Oru Kayak, a maker of origami folding kayaks; and ISLE, a maker of inflatable and hard paddle boards and accessories.
Net sales of $110.3 million, up $8.2 million or 8.0 percent; Net income of $3.1 million, up $7.1 million or 176.7 percent and Income (loss) per Class A common stock – basic and diluted of $0.07. SGB