Solo Brands Inc is dedicated to producing high-quality outdoor lifestyle products, primarily focusing on gear and accessories for camping and outdoor activities
The company emphasizes innovation and sustainability in its product offerings, which include items like fire pits, coolers, and outdoor cooking equipment. By cultivating a strong community of outdoor enthusiasts, Solo Brands aims to enhance the outdoor experience through reliable and functional products that encourage exploration and adventure while prioritizing eco-friendly practices in its operations.
Most consumer discretionary businesses succeed or fail based on the broader economy. This volatility leads to big swings in stock prices that have worked in their favor recently -
over the past six months, the industry has returned 16.4% and beat the S&P 500 by 7 percentage points.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the leisure products industry, including Polaris (NYSEPII) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how leisure products stocks fared in Q3, starting with MasterCraft (NASDAQMCFT).
Looking back on leisure products stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Solo Brands (NYSEDTC) and its peers.
Solo Brands’s stock price has taken a beating over the past six months, shedding 42.4% of its value and falling to $1.14 per share. This might have investors contemplating their next move.
Outdoor lifestyle and recreational products company Solo Brands (NYSEDTC) reported Q3 CY2024 results beating Wall Street’s revenue expectations, but sales fell 14.7% year on year to $94.14 million. The company’s full-year revenue guidance of $480 million at the midpoint came in 1.1% above analysts’ estimates. Its non-GAAP profit of $0.02 per share was 21.4% below analysts’ consensus estimates.
Outdoor lifestyle and recreational products company Solo Brands (NYSEDTC)
will be reporting earnings tomorrow before market hours. Here’s what investors should know.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 100 points on Monday. The Dow traded up 0.35% to 37,596.43 while the NASDAQ rose 1.89% to 14,799.21. The S&P 500 also rose, gaining, 1.11% to 4,749.41.
Shares of RxSight, Inc. (NASDAQRXST) rose sharply during Monday’s session after the company issued preliminary FY23 and FY24 revenue guidance above estimates. Also, Needham maintained a Buy rating on the stock and raised its price target from $35 to $41.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining more than 1% on Monday. The Dow traded down 0.19% to 37,396.28 while the NASDAQ rose 1.20% to 14,698.88. The S&P 500 also rose, gaining, 0.55% to 4,722.93.
U.S. stocks traded mixed, with the Dow Jones index falling around 80 points on Monday. Shares of The Boeing Company (NYSEBA) fell during Friday’s session after an exit door blew out of a 737 aircraft during a commercial flight.
U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 100 points on Monday. Following the market opening Monday, the Dow traded down 0.45% to 37,296.85 while the NASDAQ rose 0.75% to 14,632.70. The S&P 500 also rose, gaining, 0.26% to 4,709.31.
