Solo Brands Announces CFO Transition, Reiterates Fiscal 2023 Guidance; Somer Webb Steps Down Will Remain With The Company Until December 10, 2023; Andrea Tarbox Will Assume The Role Of Interim CFO
Portfolio Pulse from Benzinga Newsdesk
Solo Brands, Inc. (NYSE:DTC) announced that its CFO, Somer Webb, will step down on December 10, 2023, to pursue other opportunities. Andrea Tarbox, a board member and audit committee chair, will serve as Interim CFO. The company also reiterated its fiscal 2023 guidance, expecting revenue between $520 and $540 million, with adjusted EBITDA margin of 17% to 18%.
October 25, 2023 | 9:15 pm
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Solo Brands' CFO transition may cause short-term uncertainty, but the appointment of an experienced Interim CFO and the reiteration of fiscal 2023 guidance could stabilize investor sentiment.
CFO transitions can cause short-term uncertainty as investors assess the potential impact on the company's financial management. However, the appointment of an experienced Interim CFO and the reiteration of fiscal 2023 guidance could help to reassure investors and stabilize the stock price.
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