Solo Brands Inc is dedicated to producing high-quality outdoor lifestyle products, primarily focusing on gear and accessories for camping and outdoor activities
The company emphasizes innovation and sustainability in its product offerings, which include items like fire pits, coolers, and outdoor cooking equipment. By cultivating a strong community of outdoor enthusiasts, Solo Brands aims to enhance the outdoor experience through reliable and functional products that encourage exploration and adventure while prioritizing eco-friendly practices in its operations.
Stay up-to-date with the latest market trends in the middle of the day on Wednesday. Explore the top gainers and losers during today's session in our detailed report.
As the US market prepares to open on Wednesday, let's get an early glimpse into the pre-market session and identify the stocks leading the pack in terms of gains and losses.
Shares of outdoor lifestyle and recreational products company Solo Brands (NYSEDTC)
fell 54.2% in the afternoon session after the company reported disappointing fourth-quarter 2024 results, which missed Wall Street's estimates on most of the key metrics we track, including sales, operating profits, and earnings.
Outdoor lifestyle and recreational products company Solo Brands (NYSEDTC) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 13.2% year on year to $143.5 million. Its non-GAAP profit of $0.03 per share was 77.7% below analysts’ consensus estimates.
Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices.
But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.
Most consumer discretionary businesses succeed or fail based on the broader economy. This volatility leads to big swings in stock prices that have worked in their favor recently -
over the past six months, the industry has returned 16.4% and beat the S&P 500 by 7 percentage points.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the leisure products industry, including Polaris (NYSEPII) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how leisure products stocks fared in Q3, starting with MasterCraft (NASDAQMCFT).
Looking back on leisure products stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Solo Brands (NYSEDTC) and its peers.
Solo Brands’s stock price has taken a beating over the past six months, shedding 42.4% of its value and falling to $1.14 per share. This might have investors contemplating their next move.
Outdoor lifestyle and recreational products company Solo Brands (NYSEDTC) reported Q3 CY2024 results beating Wall Street’s revenue expectations, but sales fell 14.7% year on year to $94.14 million. The company’s full-year revenue guidance of $480 million at the midpoint came in 1.1% above analysts’ estimates. Its non-GAAP profit of $0.02 per share was 21.4% below analysts’ consensus estimates.
Outdoor lifestyle and recreational products company Solo Brands (NYSEDTC)
will be reporting earnings tomorrow before market hours. Here’s what investors should know.
