For the new season, every locally-produced game will stream live on new apps and air on broadcast over-theair SUNRISE, Fla. and NEW YORK, Aug. 13, 2024 /PRNewswire/ -- The reigning NHL Stanley Cup Champions, the Florida Panthers, have announced a strategic multi-year alliance with ViewLift, a leading digital content distribution and monetization platform, to launch a new fan-centric direct-to-consumer (DTC) streaming service. This service will allow Panthers fans to stream all locally-available games live o ...

Company Performance and Financials - Solo Brands' stock price has plunged by over 70% since late 2023, with a nearly 80% decline in 2024, largely due to Q2 earnings and lowered guidance [1] - Q2 2024 revenue was $131 million, flat compared to Q2 2023, with direct-to-consumer revenue slightly down to $99 million and retail revenue up 4.8% to $33 million [7] - The company reported a net loss of $4.037 million in Q2 2024, compared to a net income of $11.514 million in Q2 2023, driven by increased operating expenses, particularly SG&A costs, which rose by over 11% [8][9] - Gross margins declined, and the company generated a net loss both quarter-to-date and year-to-date [8] - Solo Brands' net leverage ratio has risen to 3.3, indicating increased financial risk [11] Consumer Insights and Brand Strength - Solo Brands' products, particularly Solo Stove and Chubbies, are viewed very positively by consumers, with Solo Stove achieving a top 1 percentile Net Promoter Score in the outdoor goods market [2] - The average household income for Solo Stove consumers is close to $200,000 annually, and for Chubbies, it is roughly $140,000 annually, suggesting potential for price increases in future product launches [2] - Despite strong brand perception, the company is experiencing lower-than-expected traffic on its direct-to-consumer platform, leading to a reduction in full-year revenue guidance to $470-$490 million and adjusted EBITDA margins to 9%-10% [2] Strategic Initiatives and Market Environment - Management views 2024 as a rebuilding year, focusing on long-term growth strategies, including expanding omnichannel distribution, with 50% of consumers purchasing products in physical stores [6] - The company is investing in professional fees and technology, which contributed to the rise in SG&A costs [9] - The broader e-commerce sector is struggling, with companies like Etsy, Wayfair, and Amazon noting cautious consumer spending [4] - Companies with an omnichannel approach, such as Williams-Sonoma and YETI, are performing better in the current market environment [5] Valuation and Growth Prospects - Solo Brands has a valuation grade of "B" at Seeking Alpha, with a forward P/S ratio of 0.15, significantly lower than the sector median of 0.86, suggesting the company may be undervalued [12][13] - Revenue growth estimates for the upcoming years are in the single digits, with modest growth expected if the U.S. avoids a recession [14] - The company's forward EV/EBITDA ratio of 7.93 is below the sector median of 9.57, further indicating potential undervaluation [13] Conclusion - Despite strong consumer feedback and brand strength, Solo Brands faces challenges due to downward guidance, reliance on e-commerce, and rising debt levels [15][16] - The company's valuation appears fair or undervalued compared to peers, but concerns remain about its ability to navigate a potential economic downturn [15][16]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-40979 Solo Brands, Inc. (Exact Name of Registrant as Specified in its Charter) | --- | --- | |-------|--- ...

Solo Brands, Inc. (NYSE:DTC) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Bruce Williams - IR Chris Metz - President and CEO Laura Coffey - CFO Conference Call Participants Chasen Bender - Citi Anna Glaessgen - B. Riley Ryan Sigdahl - Craig-Hallum Capital Group Madison Callinan - Canaccord Genuity Operator Hello everyone and welcome to today's Solo Brands, Inc. Second Quarter Fiscal 2024 Financial Results Call. My name is Seth and I'll be the operator for your call today. ...

Dublin, Aug. 07, 2024 (GLOBE NEWSWIRE) -- The "Direct-to-Consumer (DTC) Genetic Testing - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Direct-to-Consumer (DTC) Genetic Testing is estimated at US$1.3 Billion in 2023 and is projected to reach US$3.4 Billion by 2030, growing at a CAGR of 14.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed busine ...

Solo Brands, Inc. (DTC) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -66.67%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.03, delivering a surprise of 200%. Over the last four quarters, the compan ...

Solo Brands, Inc. Announces Second Quarter Results Updates Full Year 2024 Guidance Grapevine, Texas, August 7, 2024: Solo Brands, Inc. (NYSE: DTC) ("Solo Brands" or "the Company") today announced its financial results for the three and six month period ended June 30, 2024. "We are pleased with our second quarter results and were encouraged to see strong retail sales and sequential improvement in our direct-to-consumer business" said Chris Metz, Chief Executive Officer of Solo Brands. "During the quarter we ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Solo Brands, Inc. (DTC) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. Zacks Consensus Estimate Estimate Revisions Trend Earnings Whisper Thus, a positive or negative Earnings ESP reading theoretically indicates the ...

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 there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. Given the way analysts feel about Solo Brands right now, this huge im ...

Bottom Line The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street ...