Solo Brands stock slides after revenue miss | Tipspdia

Solo Brands Inc.
DTC,
-0.37%
shares slid 1% in early Thursday trading after it reported first-quarter revenue that missed expectations. The Solo Stove parent, which began trading in October 2021, posted a net loss of $2.0 million, or 3 cents per share, after net income of $22.2 million last year. Adjusted EPS of 19 cents beat the FactSet consensus for 8 cents. Sales of $82.2 million were up from $69.1 million, but missed the FactSet consensus for $84.5 million. For the full year, Solo is guiding for revenue between $540 million and $570 million. The FactSet consensus is for $556.8 million. Solo stock is down nearly 68% for the year to date.

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