EarningsPositive stock reaction to a solid 4Q as BRLT enjoyed strong holiday sales trends inclusive of steady sequential revenue booking improvements throughout the quarter and record Black Friday bookings.
Financial PerformanceBalance sheet strengths include a $93 million net cash position and plans to pre-pay $20 million of BRLT's term loan, which should yield annualized interest savings.
Market TrendsEngagement ring unit momentum is an encouraging sign. BRLT's unit comp for engagement rings was strongest in 4Q, and, specifically within the showroom channel, engagement ring unit comped positively.