Q1 2026 Solo Brands Inc Earnings Call Transcript
Key Points
- Solo Brands Inc (SBDS) reported year-over-year sales growth in April, driven by strong performance in Chubbies retail and water sports at Costco.
- The company launched successful new products, including the SteelFire 22 Griddle and Summit 27 Fire Pit, which are now top sellers in the direct-to-consumer channel.
- Solo Brands Inc (SBDS) achieved positive adjusted EBITDA in a seasonally smaller quarter, demonstrating operating leverage in their business model.
- The company is focusing on high-opportunity international markets, with plans to accelerate efforts in Europe, the UK, and parts of APAC.
- Solo Brands Inc (SBDS) has implemented cost-saving measures, including a reduction in force and compensation adjustments, expected to generate significant annual payroll savings.
- Consolidated net sales for the first quarter were down 18.5% year-over-year, primarily due to declines in direct-to-consumer and retail channel sales.
- Gross margin decreased to 52.3% from 55.2% in the prior period, impacted by tariff-related costs and channel mix shifts.
- The company reported a net loss of $5.5 million, compared to a net loss of $12.2 million in the prior period.
- Adjusted EBITDA declined to $1.6 million from $3.5 million in the prior year, affected by tariff impacts and timing shifts of retail orders.
- Solo Brands Inc (SBDS) is currently appealing a delisting notice from the New York Stock Exchange, which has led to trading on the OTC QB.
Good morning, everyone. Welcome to the Solo Brands First Quarter Fiscal 2026 Financial Results Conference Call.
(Operator Instructions)
I will now turn the call to Mark Anderson, Senior Director, Treasury and Investor Relations. Please go ahead.
Thank you, and good morning, everyone. We appreciate you joining us for the Solo Brands Conference Call to review the 2026 first quarter results.
Joining me on the call today are the company's President and Chief Executive Officer, John Larson, and Chief Financial Officer, Laura Coffey.
This call is being webcast and can be accessed through the investors portion of our website at investors.solobrands.com. Today's conference call will be recorded.
Please be advised that any time-sensitive information may no longer be accurate as of any replay or transcript reading date.
I would also like to remind you that the statements in today's discussion that are not historical facts,
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