Analysts on Wall Street project that BRC Inc. (BRCC) will announce break-even quarterly earnings per share in its forthcoming report, representing a decline of 100% year over year. Revenues are projected to reach $106.06 million, declining 11.4% from the same quarter last year.Over the last 30 days, there has been a downward revision of 75% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts ...

Financial Data and Key Metrics Changes - Third quarter revenue declined 2% year-over-year, primarily due to cycling of barter transactions from the prior year and shifting consumer preferences away from direct-to-consumer channels [24] - Adjusted EBITDA for the quarter was $7.1 million, up 15% from the same period last year, with EBITDA margin rising over 10 points to 10.4% [29] - Year-to-date, free cash flow generation improved by $60 million compared to the same period in 2023, driven by better margins and reduced working capital investment [27] Business Line Data and Key Metrics Changes - In the grocery channel, ACV increased 32 points year-over-year and 18 points quarter-over-quarter to 41% [16] - The ready-to-drink category saw a 5-point increase in ACV from the prior year, ending the quarter at 47% [17] - Year-to-date sales in the wholesale segment grew 17% compared to the same period last year, with a 3% revenue growth this quarter in wholesale [25] Market Data and Key Metrics Changes - The energy drink category generates over $20 billion in retail sales, significantly outpacing coffee and ready-to-drink coffee categories [9] - Nielsen data indicated that the coffee category had positive dollar growth in September for the first time in over a year [15] - The ready-to-drink category has slowed, declining 5.1% year-to-date compared to the prior year, but Black Rifle continues to outperform the category by 460 basis points [17] Company Strategy and Development Direction - The company aims to innovate product offerings and expand into new categories like energy, while also focusing on partnerships with well-capitalized operators [14] - The partnership with Keurig Dr. Pepper is expected to enhance distribution efficiency and market penetration in the energy category [10] - The company plans to prioritize growth in the wholesale channel as consumer behavior shifts back to retail purchasing patterns [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory of top-line growth and expects to gain market share in both coffee and ready-to-drink categories [30] - The company anticipates continued distribution growth in coffee and increased sales of Black Rifle Energy to be key growth drivers in 2025 and 2026 [26] - Management acknowledged challenges in the direct-to-consumer segment but noted stabilization in subscription counts and positive subscriber growth in September [22][63] Other Important Information - The company raised its full-year gross margin guidance to 42% and expects fourth-quarter gross margin to be in the high 30s range [31] - The company will host an investor event on January 14 at the ICR Conference in Orlando to share more details on longer-term goals [34] Q&A Session Summary Question: Update on new retail partners and distribution expectations - Management confirmed that conversations with major retailers are progressing well, with distribution expected to increase in early 2025 [35][36] Question: Clarification on free cash flow guidance - Management indicated that while free cash flow is expected to be robust, higher inventory levels due to K-Cup purchases have adjusted expectations [38] Question: Fourth quarter sales growth drivers - Management noted that despite headwinds, there are enough tailwinds to support a positive sales growth trajectory in Q4 [40][42] Question: Energy drinks ramp-up and margin structure - Management expressed excitement about the energy drink launch and indicated that margins will be below 40% in the first year due to initial costs [49][50] Question: FDM distribution targets and market share - Management reiterated that full distribution is expected by the end of 2026, with ongoing success in gaining market share [72] Question: Coffee category outlook and growth drivers - Management believes that distribution gains and market share will drive growth, even if the overall coffee category remains soft [81]

BRC Inc. (BRCC) reported $98.2 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 2.3%. EPS of -$0.01 for the same period compares to -$0.05 a year ago.The reported revenue represents a surprise of +3.31% over the Zacks Consensus Estimate of $95.06 million. With the consensus EPS estimate being -$0.02, the EPS surprise was +50.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Core Viewpoint - BRC Inc. reported a quarterly loss of $0.01 per share, which was better than the Zacks Consensus Estimate of a loss of $0.02, indicating a 50% earnings surprise [1] - The company generated revenues of $98.2 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.31%, although this represents a decline from $100.54 million in the same quarter last year [2] Financial Performance - Over the last four quarters, BRC Inc. has exceeded consensus EPS estimates three times [2] - The company has topped consensus revenue estimates two times in the last four quarters [2] - BRC Inc. shares have declined approximately 13.5% year-to-date, contrasting with the S&P 500's gain of 20.1% [3] Future Outlook - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [3][4] - Current consensus EPS estimate for the upcoming quarter is $0.01 on revenues of $115.86 million, while for the current fiscal year, the estimate is -$0.02 on revenues of $398.32 million [7] Industry Context - The Consumer Products - Staples industry, to which BRC Inc. belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact BRC Inc.'s performance [5]

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.0001 par value BRCC New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fro ...

Exhibit 99.1 BRC Inc. Reports Third Quarter 2024 Financial Results Highlights • Wholesale revenue grew 3.5% compared to Q3 2023 while consolidated net revenue decreased 2.3% in Q3 2024 to $98.2 million. • Adjusted EBITDA of $7.1 million and Net Loss of $1.4 million, an increase of $0.9 million compared to Adjusted EBITDA of $6.2 million in Q3 2023 and an improvement of $9.3 million from Net Loss of $10.7 million in Q3 2023. • Increased midpoint guidance for Gross Margin and adjusted EBITDA, while narrowing ...

The Phase 2 double-blind placebo-controlled clinical trial will evaluate the potential of RJx-01 to maintain muscle integrity in older persons with severe acute exacerbation of COPD Rejuvenate Biomed anticipates commencing patient enrollment first half 2025 DIEPENBEEK, Belgium and LEICESTER, United Kingdom and LOS ANGELES, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Rejuvenate Biomed, the University of Leicester, the National Institute for Health and Care Research (NIHR) Leicester Biomedical Research Centre (BRC), an ...

Investors looking for stocks in the Security and Safety Services sector might want to consider either Brady (BRC) or Allegion (ALLE) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estim ...

Investors in BRC Inc. (BRCC) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct. 18, 2024 $1 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean the ...

second Quarter 2024 We are America's Coffee DISCLAIMER Forward-Looking Statements This press release contains forward-looking statements about the Company and its industry that involve substantial risks and uncertainties. All statements other than statements of historical fact contained in this press release, including statements regarding the Company's intentions, beliefs or current expectations concerning, among other things, the launch of Black Rifle Energy , the Company's financial condition, liquidity, ...