Solo Brands’ Q1 Sales Slide 9.5 Percent On Solo Stove’s Restructuring

May 13, 2025

Solo Brands Inc’s. sales declined 9.5 percent in the first quarter ended March 31 as Solo Stove’s revenues tumbled 49 percent, as planned, due to efforts to reduce discounting and promotion in its DTC channel. The company showed a loss in the period and reiterated its going concern warning.

Net sales of $77.3 million declined 9.5 percent from $85.3 million. Gross profit of $42.6 million, or 55.2 percent of net sales, decreased by 400 basis points compared to the prior year period. Adjusted gross profit of $42.8 million, or 55.4 percent of net sales, decreased 410 basis points versus the prior year period. Operating expenses decreased $3.6 million to $53.2 million, down 6.4 percent, primarily driven by decreases in marketing spend and distribution costs within the Solo Stove segment. SGB