Solo Brands reports Q2 adjusted EPS 2c vs. $1.59 last year

Reports Q2 revenue $92.3M vs. $131.6M last year. “For the second quarter, we are pleased to mark significant milestones, including our debt refinancing, removal of the going concern disclaimer and reinstatement of the trading of our Class A common stock, trading under a new ticker symbol SBDS, on the NYSE. In addition, we are making meaningful strides in our transformation toward a more disciplined, structurally smaller, profit-driven business model,” said John Larson, President and Chief Executive Officer. “We are facing expected top-line headwinds in the Solo Stove segment as we work through excessive inventory at our retailers, move away from a highly promotional model and work to re-establish our position with key retail partners. At the same time, we are encouraged by early indicators that our deliberate actions are working to drive more efficiency in our business. Chubbies delivered another very solid quarter with sales up 13.1% and Segment EBITDA up 48.3% in Q2 due to significant operating leverage and efficiency gains. Our teams remain energized and aligned around our strategy, and we’re seeing progress through tighter expense control, structural cost reductions, and consolidated double-digit Adjusted EBITDA margins. Importantly, we generated nearly $11 million in operating cash flow during the quarter, highlighting our sharpened focus on cash generation and operational discipline. As we continue to reshape Solo Brands (SBDS) into a more resilient and focused company, we continue to invest in our future with innovative new products to drive growth and generate long-term shareholder value. We remain confident that our lifestyle brands are well-positioned to continue to resonate with consumers who value authentic experiences and community.”