Quarterly ResultMay 4, 2026, 04:23 PM
BRC Inc. Q1 Revenue $109.2M, Net Income Breakeven; Raises FY26 Guidance
AI Summary
BRC Inc. reported a strong start to fiscal year 2026, with first-quarter net revenue increasing 21.4% to $109.2 million. The company achieved approximately breakeven net income, a significant improvement from a $7.8 million net loss in the prior year, and Adjusted EBITDA surged to $7.3 million. Reflecting this momentum, BRC Inc. raised its full-year fiscal 2026 guidance, now expecting at least 8% revenue growth and at least 35% Adjusted EBITDA growth.
Key Highlights
- Net revenue increased 21.4% to $109.2 million in Q1 2026.
- Net income improved to approximately breakeven ($0.0 million) in Q1 2026 from a $7.8 million loss.
- Adjusted EBITDA increased 717.9% to $7.3 million in Q1 2026.
- Wholesale revenue grew 31.5% to $74.7 million, driven by expanded distribution.
- Direct-to-Consumer (DTC) revenue increased 7.2% to $29.7 million.
- Full-year 2026 revenue growth guidance raised to at least 8% (from 7%).
- Full-year 2026 Adjusted EBITDA growth guidance raised to at least 35% (from 30%).
- Gross margin decreased 305 basis points to 33.0% due to green coffee inflation and tariffs.