Solo Brands Q2 Adj EPS $0.22 Beats $0.21 Estimate, Sales $130.93M Miss $131.37M Estimate
Portfolio Pulse from totan@benzinga.com
Solo Brands (NYSE:DTC) reported Q2 earnings of $0.22 per share, beating the analyst consensus estimate of $0.21 by 4.76%. However, this is a 45% decrease from the same period last year. The company's quarterly sales were $130.93 million, missing the analyst consensus estimate of $131.37 million by 0.34%, and marking a 3.74% decrease from the same period last year.
August 04, 2023 | 12:51 pm
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Solo Brands' Q2 earnings beat estimates but are down 45% YoY. Sales missed estimates and are down 3.74% YoY.
Solo Brands' earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimate, could negatively impact the stock price in the short term.
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