January 22, 2022

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Solo Brands expects Q4 and full-year sales to exceed expectations

Solo Brands Inc. DTC, -5.00% said Monday that it’s guiding for fourth-quarter revenue between $173 million to $175 million. The FactSet consensus is for $122.7 million. Full-year 2021 revenue is expected to be between $400 million to $402 million, up from previous guidance of $344 million to $352 million. The FactSet consensus is for $349.5 million. Solo Brands is the parent company to Solo Stove, the Chubbies clothing brand, Oru Kayak and the Isle paddle board brand. The update came ahead of the ICR Conference, taking place this week. Solo stock, which began trading on Oct. 28, 2021, was down 6.6% in Monday trading. The Renaissance IPO ETF IPO, -3.42% has fallen 26.2% over the past year while the S&P 500 index SPX, -1.62% is up 20%.

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