Quarterly ResultMay 14, 2026, 07:21 AM
Solo Brands Q1 Net Sales Down 18.6% to $62.9M; Reaffirms FY26 Guidance
AI Summary
Solo Brands, Inc. announced its first quarter 2026 financial results, reporting an 18.6% decrease in net sales to $62.9 million. Despite top-line challenges, the company significantly reduced operating expenses by 29.3% and improved its net loss to $(5.5) million from $(12.2) million year-over-year. Management highlighted progress in its transformation, including a leaner cost structure and positive Adjusted EBITDA, and reaffirmed its full-year 2026 guidance, citing improving sales trends exiting the quarter due to new product launches.
Key Highlights
- Net sales decreased 18.6% to $62.9 million for Q1 2026.
- Net loss attributable to Solo Brands, Inc. improved to $(5.5) million from $(12.2) million year-over-year.
- Diluted loss per share improved to $(2.18) from $(8.27) in the prior year.
- Operating expenses decreased 29.3% to $37.6 million due to cost reduction efforts.
- Adjusted EBITDA declined to $1.6 million (2.5% of net sales) from $3.5 million.
- Solo Stove segment net sales declined 38.7% to $16.0 million.
- Chubbies segment net sales decreased 14.1% to $36.7 million.
- Company reaffirmed full-year 2026 net sales guidance of $280M-$310M and Adjusted EBITDA of $24M-$30M.