Black Rifle Coffee Q3: Solid Growth, Resilience Amid Inflation

Black Rifle Coffees Q3 earnings showcase a robust performance, with net revenue up 3% YoY, driven by a 5% increase in wholesale sales. The company outpaced the U.S. coffee category, growing 36.7% compared to the markets 13.2%. Wholesale sales surged by over 20%, while direct-to-consumer dipped slightly but stabilized. Ready-to-drink held steady, and Black Rifle Energy made significant inroads. Despite gross margin dipping due to trade spend and costs, operational expenses fell by 9%, boosting adjusted EBITDA by 19%. The company projects full-year revenue of at least $395 million, 35% gross margin, and $20 million in EBITDA for 2023. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ae685cf965478fcd