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Solo Brands (NYSE: DTC), the makers of the smokeless firepit the Solo Stove and the newly released outdoor pizza oven, the Solo Stove Pi, released Q4 and full-year 2021 earnings this morning. Bucking the trend from Weber Grills and Traeger, Solo Brands beat earnings and issued strong 2022 guidance. Investors were happy with the results and forecast, as Solo Brands’ stock is up high single digits at the time of writing.
Solo Brands’ Q4 came in at $0.45, well above the analyst estimates. They issued full-year 2022 guidance on revenue of $540 million to $570 million and adjusted EBITDA between $121 million and $132 million. We’ll see if alleged knock off products in the marketplace have any impact on their earnings performance.