Mon, Mar 3, 9:31 PM (55 days ago)
**BRC Inc. (BRCC) 2024 Financial Summary** In the fiscal year ended December 31, 2024, BRC Inc. reported net revenue of $391.5 million, a slight decrease of 1% from $395.6 million in 2023. The Wholesale channel grew by 9% to $245.0 million, driven by increased distribution and the launch of Black Rifle Energy, while DTC sales fell 14% to $123.8 million due to high customer acquisition costs and market shifts. Outpost revenue decreased 17% to $22.7 million, attributed to lower foot traffic. Net loss narrowed to $7.6 million from $56.7 million, with gross profit rising by 28% to $161.2 million, improving gross margin to 41%. Operating expenses decreased by 10% to $157.3 million, reflecting cost-cutting measures. Interest expense surged 79% to $11.3 million due to higher debt levels and interest rates. The company faces risks including reliance on key wholesale partners, fluctuating commodity prices, and potential regulatory challenges as a public benefit corporation. Looking ahead, BRC plans to focus on expanding its wholesale distribution while managing costs and enhancing its brand presence. **Outlook:** BRC aims to stabilize DTC sales, resume growth in Outposts, and leverage its brand's unique positioning to navigate competitive pressures.