Solo Brands reaffirms FY23 revenue view $520M-$540M, consensus $539.4M

The company said, “As demonstrated in our first half results, the focus on driving profitable growth, along with continued momentum in wholesale, has enabled us to deliver on revenue while seeing strength on adjusted EBITDA margin. We reiterate a revenue range of $520M-$540M with the most likely outcome at the midpoint of the range at $530M. While we are reiterating our revenue guidance, we are raising our adjusted EBITDA margin target from 16.5%-17.5% to 17%-18% for the full year.”