By Daniella Parra
Solo Brands, Inc. (NYSE: DTC) said net sales reached $85.3 million in the first quarter driven by strong performance in its wholesale channel.
Wholesale revenue increased 2.5% to $34.3 million in the quarter, compared to $33.5 million, it said. Adjusted EBITDA was $4.3 million in the quarter, down 72.1%.
“We were encouraged to see sales trends accelerate as we moved through the quarter,” said Chris Metz, Chief Executive Officer of Solo Brands. “During the quarter we made considerable progress on developing our strategic plan for our core brands, while continuing to focus on putting the right people and processes in place to position us to generate consistent long-term growth.”
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