By Daniella Parra
Solo Brands, Inc. (NYSE: DTC) said second quarter wholesale revenue increased 57% to $31.3 million.
Net sales reached $130.9 million driven by strong wholesale demand and adjusted EBITDA was $25 million, up 5.6% since the same period last year, it said in a statement.
Solo Brands reiterated its revenue range of $520 to $540 million, with the most likely outcome at the midpoint of the range at $530 million, and raised its adjusted EBITDA target from 16.5% to 17.5% to 17% to 18% for the full year.
Contact:
Exec Edge
executives-edge.com
Editor@executives-edge.com
