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home / news releases / BRCC - BRCC beats Q4 top and bottom line estimates; initiates FY23 outlook

BRCC - BRCC beats Q4 top and bottom line estimates; initiates FY23 outlook

BRC Inc. Class A

2023-03-16 01:29:07 ET

  • BRCC press release ( NYSE: BRCC ): Q4 GAAP EPS of -$0.09 beats by $0.01 .
  • Revenue of $93.6M (+30.4% Y/Y) beats by $1.09M .
  • Gross margins decreased 290 basis points to 31.5% from 34.3% for the fourth quarter of 2021.
  • Adjusted EBITDA of -$11.4M vs. adjusted EBITDA of -$0.9M in fourth quarter of 2021.

  • For the full-year fiscal 2023, the company expects: Net revenue of $400-$440 million vs. consensus of $492.18M; Gross Margin Target of 36% - 37.5%; Adjusted EBITDA of $5M - $20M.

For further details see:

BRCC beats Q4 top and bottom line estimates; initiates FY23 outlook
Stock Information
Company Name: BRC Inc. Class A
Stock Symbol: BRCC
Market: NYSE
Website: blackriflecoffee.com
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