Solo Brands Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
SBDS$2.61-12.7%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive Income (Loss)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (In thousands, except per unit data) | 2024 | 2023 | 2024 | 2023 |
| Net sales | $131,550 | $130,927 | $216,874 | $219,134 |
| Cost of goods sold | 48,913 | 47,856 | 83,693 | 81,660 |
| Gross profit | 82,637 | 83,071 | 133,181 | 137,474 |
| Operating expenses | ||||
| Selling, general & administrative expenses | 70,808 | 63,524 | 119,218 | 108,146 |
| Depreciation and amortization expenses | 6,406 | 6,349 | 12,681 | 12,527 |
| Other operating expenses | 3,183 | 2,132 | 5,394 | 2,537 |
| Total operating expenses | 80,397 | 72,005 | 137,293 | 123,210 |
| Income (loss) from operations | 2,240 | 11,066 | (4,112) | 14,264 |
| Non-operating (income) expense | ||||
| Interest expense, net | 3,563 | 2,490 | 6,669 | 4,776 |
| Other non-operating (income) expense | 20 | (5,546) | 241 | (5,878) |
| Total non-operating (income) expense | 3,583 | (3,056) | 6,910 | (1,102) |
| Income (loss) before income taxes | (1,343) | 14,122 | (11,022) | 15,366 |
| Income tax expense (benefit) | 2,694 | 2,608 | (501) | 2,919 |
| Net income (loss) | (4,037) | 11,514 | (10,521) | 12,447 |
| Less: net income (loss) attributable to noncontrolling interests | (926) | 4,090 | (4,008) | 4,099 |
| Net income (loss) attributable to Solo Brands, Inc. | $(3,111) | $7,424 | $(6,513) | $8,348 |
| Other comprehensive income (loss) | ||||
| Foreign currency translation, net of tax | $33 | $108 | $76 | $121 |
| Comprehensive income (loss) | (4,004) | 11,622 | (10,445) | 12,568 |
| Less: other comprehensive income (loss) attributable to noncontrolling interests | 12 | 39 | 27 | 43 |
| Less: net income (loss) attributable to noncontrolling interests | (926) | 4,090 | (4,008) | 4,099 |
| Comprehensive income (loss) attributable to Solo Brands, Inc. | $(3,090) | $7,493 | $(6,464) | $8,426 |
| Net income (loss) per Class A common stock | ||||
| Basic | $(0.05) | $0.12 | $(0.11) | $0.13 |
| Diluted | $(0.05) | $0.12 | $(0.11) | $0.13 |
| Weighted-average Class A common stock outstanding | ||||
| Basic | 58,291 | 63,620 | 58,180 | 63,143 |
| Diluted | 58,291 | 64,081 | 58,180 | 63,291 |
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