Preview - Please log in to view full article.

Article Date: March 2023
Word Count: 406

Solo Brands Guides for Flattening 2023 Sales


Net income was up 57% in Q4 to $19,508,000 from $12,413,000 on a net sales gain of 12% to $197,243,000 over $176,468,000, boosted by a 196% jump in wholesale to $36.5 million, nearly repeating 197% growth in the prior year as the retail partner network expands. DTC sales held to a 2% drop to $160.8 million as the channel lapped 162% growth. Sales came in ahead of revised guidance as demand worries were unfounded. After a strong performance from Black Friday through Cyber Week, momentum continued for the balance of Holiday ... Log in to view full article.

 


Already a subscriber?

User Name:

Password:


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.