Solo Brands Lowers FY Guidance on Softening Demand

August 7, 2024

Solo Brands, Inc. reported results in the first half exceeded expectations, but the parent of Solo Stove reduced its full-year outlook due to deteriorating trends so far in the third quarter.

The company’s other brands include TerraFlame, Chubbies, Oru Kayak, Isle, and IcyBreeze.

Net sales increased to $131.6 million, or 0.5 percent, compared to $130.9 million in the second quarter of 2023. Retail sales increased, resulting from continued growth with its strategic partnerships, while direct-to-consumer (DTC) channel revenue declined by a nominal amount. SGB Media