Solo Brands Q4 2023 Adj EPS $0.13 Misses $0.17 Estimate, Sales $165.318M Miss $166.151M Estimate
Portfolio Pulse from Benzinga Newsdesk
Solo Brands reported Q4 2023 adjusted EPS of $0.13, missing the $0.17 estimate, with sales of $165.318M also missing the $166.151M estimate. This represents a 16.19% decrease in sales compared to the same period last year.
March 14, 2024 | 10:59 am
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NEGATIVE IMPACT
Solo Brands missed Q4 2023 earnings and sales estimates, with a significant year-over-year decrease in sales.
Missing both earnings and sales estimates, especially with a notable year-over-year sales decrease, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100