On June 3, KeyBanc will facilitate a virtual meeting focused on BRLT. This event aims to provide insights into the company's latest performance and strategic directions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Brilliant Earth Group Inc (BRLT, Financial) is $2.13 with a high estimate of $3.00 and a low estimate of $1.50. The average target implies an upside of 48.60% from the current price of $1.43. More detailed estimate data can be found on the Brilliant Earth Group Inc (BRLT) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Brilliant Earth Group Inc's (BRLT, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Brilliant Earth Group Inc (BRLT, Financial) in one year is $10.54, suggesting a upside of 637.06% from the current price of $1.43. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Brilliant Earth Group Inc (BRLT) Summary page.
BRLT Key Business Developments
Release Date: May 06, 2025
- Net Sales: $93.9 million, a 3.5% decline year over year.
- Total Orders Growth: 12% year over year.
- Repeat Orders Growth: 13% year over year.
- Average Order Value (AOV): $2,062, a decline of 14.2% year over year.
- Gross Margin: 58.6%, a 130 basis point decline over Q1 last year.
- Adjusted EBITDA: $1.1 million, representing a 1.1% adjusted EBITDA margin.
- Operating Expense: 62.4% of net sales, compared to 59.0% in Q1 2024.
- Marketing Expense: 24.5% of net sales, an 80 basis point increase year over year.
- Cash Position: Approximately $147 million, flat year over year.
- Net Cash Position: Approximately $92.5 million, a year-over-year increase of $4 million.
- Stock Repurchase: $163,000 spent in Q1, totaling $801,000 to date.
- Showroom Expansion: Opened a new location in South Lake, Texas, with plans for 1-2 more showrooms this year.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Brilliant Earth Group Inc (BRLT, Financial) achieved its 15th consecutive quarter of profitability as a public company.
- Total orders grew 12% year-over-year, with repeat orders increasing by 13%, indicating strong customer retention and brand resonance.
- The company reported a successful Valentine's Day campaign, with fine jewelry bookings growing over 40% year-over-year during the two-week lead-up period.
- Brilliant Earth Group Inc (BRLT) continues to expand its showroom presence, with promising results from new locations and plans for further openings.
- The company maintains a strong cash position, ending the quarter with approximately $147 million in cash and a net cash position of $92.5 million.
Negative Points
- Net sales for Q1 were $93.9 million, representing a 3.5% decline year-over-year.
- Average order value (AOV) decreased by 14.2% year-over-year, driven by strong demand for lower-priced bridal items.
- Gross margin declined by 130 basis points year-over-year due to higher gold costs and increased labor and occupancy expenses.
- Operating expenses increased to 62.4% of net sales, up from 59.0% in Q1 2024, reflecting higher employee costs and investments in technology and showrooms.
- Marketing expenses as a percentage of net sales increased by approximately 80 basis points year-over-year, indicating higher costs in customer acquisition efforts.
