Solo Brands reports Q3 adjusted EPS ($4.33) vs 73c last year

Reports Q3 revenue $53.038M vs $94.139M last year. “The third quarter was challenging, reflecting continued pressure on consumer demand while we rebuild retail relationships and work through excess retailer inventory primarily within our Solo Stove division.” said John Larson, President and Chief Executive Officer. “We maintained stable gross margins and generated $11 million in operating cash flow – our second consecutive quarter of positive cash generation – demonstrating the impact of stronger cost discipline and improved working capital management.