Solo Brands Sees Q4 DTC Sales Shrink on Lack of New Product, Focus on Wholesale

March 14, 2024

Solo Brands, Inc., parent of the Solo Stove, Chubbies, Oru Kayak, Isle, and Icy Breeze brands, reported that fourth-quarter net sales decreased 16.2 percent year-over-year (YoY) to $165.3 million, compared to $197.2 million in the prior-year fourth quarter. The decline was said to be due, in part, to a lack of significant new product launches in the fourth quarter when compared to the prior-year quarter.

Gross profit decreased 18.3 percent to $96.4 million, compared to $118.0 million in the prior year fourth quarter, primarily driven by the decrease in net sales. SGB Media