BRC Posts Smaller Q2 Loss, Revenue Beats on Wholesale and DTC Strength
BRCC sits 85% above its 52-week low of $0.6.
Summary
BRC Inc. reported Q2 revenue of $107M, beating the $104.23M consensus, while net loss shrank to just $0.2M from $14.5M a year ago. Wholesale and direct-to-consumer channels drove the 12.8% revenue growth, with gross margin improving to 34.1% on pricing actions and lower fulfillment costs. Management reaffirmed full-year guidance for at least 8% revenue growth and 35% adjusted EBITDA growth, and also affirmed guidance for revenue, gross margin, and adjusted EBITDA. This follows the company's recent NYSE compliance regain and founder share sales, adding a positive operational data point. The stock, trading near $1.11, could see a relief rally given the beat and maintained outlook.
At the time of this announcement, BRCC was trading at $1.11 on NYSE in the Trade & Services sector, with a market capitalization of approximately $262M. The 52-week trading range was $0.60 to $1.86. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.