By Daniella Parra
Solo Brands, Inc. (NYSE: DTC) said it saw net sales of $131.6 million, up $0.6 million in the second quarter.
The company said it had net loss per class A common stock – basic and diluted of $0.05, down $0.17 and its adjusted EBITDA was $15.5 million, down 38.2%.
“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 continued to make investments in talent and systems, setting the foundation needed to drive sustainable long-term growth while also completing the Solo Brands’ strategic plan based on an in-depth analysis of our business.”
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