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Solo Brands (NYSE:DTC) Third Quarter 2022 Results
Key Financial Results
- Revenue: US$102.2m (up 47% from 3Q 2021).
- Net loss: US$2.20m (down by 286% from US$1.18m profit in 3Q 2021).
- US$0.035 loss per share (down from US$0.003 profit in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Solo Brands Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) missed analyst estimates by 23%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Leisure industry in the US.
Performance of the American Leisure industry.
The company’s shares are up 23% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Solo Brands’ balance sheet health.
Valuation is complex, but we’re helping make it simple.
Find out whether Solo Brands is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free Analysis
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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