Solo Brands, Inc. Announces Fiscal 2026 First Quarter Results
Solo Brands reported Q1 2026 net sales of $62.9 million, a decrease of 18.6% from $77.3 million in Q1 2025, primarily due to declines in both direct-to-consumer and retail channel sales within the Solo Stove segment. Gross profit was $32.9 million, or 52.3% of net sales, down from 55.2% in the prior year. Adjusted gross profit was $33.1 million, or 52.7% of net sales, reflecting the impact of tariffs and sales mix. Operating expenses decreased 29.3% to $37.6 million from $53.2 million, driven by lower employee-based compensation and reduced marketing costs.
Key figures
- Revenue
- 62881000
- Guidance
- Net sales expected to be between $280 million and $310 million for 2026; Adjusted EBITDA expected to be between $24 million and $30 million for 2026
- Revenue Yoy
- -18.6%
- Net loss
- 5466000
- Inventory
- 82884000
- Gross profit
- 32903000
- Adjusted ebitda
- 1589000
- Operating expenses
- 37640000
- Outstanding borrowings
- 258900000
- Cash and cash equivalents
- 16456000
AI analysis
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