Solo Brands For 2024 Expects Revenue Of $490M-$510M Vs. $503.28M Consensus, And Adjusted EBITDA Of 10%-12%
Portfolio Pulse from Benzinga Newsdesk
Solo Brands projects its 2024 revenue to be between $490M-$510M, aligning closely with the $503.28M consensus. The company anticipates an adjusted EBITDA margin of 10%-12%. Despite optimism for brand strength and growth, Solo Brands acknowledges the uncertain economic environment and potential consumer spending pressures.
March 14, 2024 | 11:21 am
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NEUTRAL IMPACT
Solo Brands expects 2024 revenue of $490M-$510M, near the $503.28M consensus, with an adjusted EBITDA margin of 10%-12%, amidst economic uncertainties.
The guidance provided by Solo Brands is closely aligned with market consensus, indicating a stable outlook without significant positive or negative surprises. The cautious tone regarding economic uncertainties and consumer spending pressures suggests a balanced view, which might not significantly sway investor sentiment in the short term. Hence, the neutral score reflects this balanced outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100