By Karen Roman
Solo Brands, Inc. (NYSE: DTC) said it is maintaining its full year outlook with total revenue between $470 million to $490 million and an adjusted EBITDA margin from 9% to 10%.
Net sales were $94.1 million decreasing 14.7% and adjusted EBITDA was $6.5 million, down $8.5 million, it said in a statement.
“We continue to see strong momentum and excitement from our retail partners; however, as expected, sales in our direct-to-consumer channel were challenged,” said Chris Metz, CEO. “During the quarter, we took decisive measures to address factors that were hindering our growth, and as a result of these actions, we believe that we are well positioned moving forward.”
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