Q2 2026 Solo Brands Inc Earnings Call Transcript
Key Points
- Adjusted EBITDA increased 28.6% year-over-year to $13.5 million, with a strong 15.3% margin.
- Generated substantial operating cash flow of over $36 million and fully repaid the revolver balance.
- Water sports segment posted a 59% increase in sales, showing strong growth.
- International sales grew 46% year-over-year, with new distribution partnerships in Europe and the UK.
- New product launches drove nearly half of DTC sales in the stove segment, winning multiple awards.
- Consolidated net sales declined 4.1% year-over-year, with stove sales down 14.7% and Chubbies down 8.6%.
- Sales softened in June and continued through July, indicating ongoing demand challenges.
- Gross margin decreased to 59.9% from 61.3%, impacted by channel mix and a raw material write-off.
- Net loss of $4.4 million, though improved, still reflects ongoing profitability struggles.
- Restructuring and impairment charges, while lower, continue to weigh on results.
Good morning, everyone. Welcome to the Solo Brands Second Quarter Fiscal 2026 Financial Results Conference Call. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch tone phone, and to withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the call over to Mr. Mark Anderson, Senior Director, Treasurer, and Investor Relations. Please go ahead, sir.
Thank you and good morning, everyone. We appreciate you joining us for the Solo Brands Conference Call to review the 2026 second 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.silobrands.com.
Today's conference call will be recorded. Please be advised that
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