Solo Brands Stock Jumps After Raising FY21 Outlook

by Shivani Kumaresan, Benzinga Staff Writer

January 10, 2022 8:42 AM | 1 min read | Make a Comment

Solo Brands Inc DTC has raised its fiscal year 2021 revenue outlook to $400 million - $402 million (prior view $344 million - $352 million), above the consensus of $349.51 million.
The company anticipates adjusted EBITDA of $120 million - $121 million (previously $107 million - $109 million).
"We delivered tremendous growth and profitability in 2021 with triple-digit organic revenue growth reflecting strong consumer demand across brands despite unprecedented challenges and an uncertain environment," said CEO John Merris.
Solo Brands anticipates Q4 revenue of $173 million - $175 million, above the consensus of $122.72 million.
The company sees Q4 adjusted EBITDA of $43 million - $44 million.
Price Action: DTC shares are trading higher by 11.2% at $16.44 in premarket on the last check Monday.

Posted In: Long Ideas News Guidance Small Cap Movers Trading Ideas Briefs why it's moving

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.