All Solo Brands articles
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Article
Chubbies lifts Solo Brands amid stove weakness
The Texas-based outdoor lifestyle company saw Q2 revenue drop 30%, as gains at Chubbies were outweighed by a sharp decline at Solo Stove.
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News briefs
Solo Brands returns to NYSE after stock split
The consumer goods company regains NYSE compliance through a major stock consolidation and sees trading resume under its original ticker.
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Solo Brands enacts reverse stock split amid NYSE struggles
The US-based outdoor lifestyle group behind Solo Stove and Chubbies aims to regain NYSE compliance through a 1-for-40 reverse stock split.
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Solo Brands sells TerraFlame back to founders
The US consumer brand group refocuses its portfolio by divesting a 2023 acquisition while retaining distribution rights.
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Solo Brands names CEO, restructures debt
The US-based lifestyle brand group secures long-term financing and appoints John P. Larson as permanent CEO to support a multi-year turnaround strategy.
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Solo Stove enters premium cooler market amid sales decline
The US-based outdoor lifestyle brand is diversifying into high-tech coolers after reporting a sharp revenue decline in its core fire pit business.
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Solo Brands sees Q1 sales drop, Chubbies surges
The US-based outdoor lifestyle group reported a revenue decline and rising losses in Q1, while its Chubbies apparel brand delivered strong growth.
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NYSE initiates delisting of Solo Brands
The delisting due to prolonged low stock prices had already been threatened, now necessitating a switch to OTC trading, and raising concerns about Solo Brands’ future liquidity.
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News briefs
Solo Brands appoints finance expert to board
Shortly after the annual report was submitted, with certain doubts about the economic stability of Solo Brands, the company appointed finance expert Peter Laurinaitis to its board.
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Solo Brands faces delisting from NYSE over low share price
The company risks delisting after its stock remains below $1.00 for 30 days, and it has six months to regain compliance.
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Solo Brands appoints John Larson as interim CEO
Chris Metz has stepped down from his role as CEO of the parent company of the Solo Stove, Chubbies, Oru Kayak, Isle and Icy Breeze brands, but will assist with the transition.
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Solo Brands presents turnaround strategy with new products and US retail expansion
The outdoor and lifestyle company unveils a turnaround strategy focused on product innovation, retail partnerships and channel diversification in the US.
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Solo Brands COO steps down
Matthew Webb resigned effective Sept. 27, prompting the company to search for a new COO.
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Solo Brands lowers FY guidance citing ‘challenging’ environment
The parent company of Solo Stove and others faced significant challenges in Q2, impacting both income and sales.
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Solo Brands hurt by lower DTC traffic in Q1
Solo Brands reported an operating loss of $6.4 million against a profit of $3.2 million for the period ended March 31. Adjusted Ebitda tumbled 72 percent to $4.3 million as gross margin sunk by 250 basis points to 59.2 percent on a shift in channel mix to the lower gross ...
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News briefs
Solo Brands named to the World’s Most Innovative Companies of 2024 list
Solo Brands, the parent company of Solo Stove, Chubbies, Isle, Oru Kayak and IcyBreeze, has been named to Fast Company’s World’s Most Innovative Companies of 2024 list. Solo Brands was recognized as No. 2 in the Consumer Products category. The list shines a spotlight on companies that are shaping the ...
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Solo Brands reports Q4 loss on impairment charge
A goodwill charge of $249 million related to its Solo Stove, Oru and Isle businesses negatively impacted Solo Brands’ Q4 results. The operating loss was $240.8 million against an operating profit of $26.8 million for the three months ended Dec. 31. The Q4 net loss was $210.9 million against a ...
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News briefs
E-motor upgrade for Oru kayaks
Oru Kayak, the original origami kayak brand now owned by Solo Brands, has presented the latest upgrade to its foldable fleet of kayaks: Electric motors. Developed in partnership with California-based Bixpy Motors, Oru’s e-propulsion system offers paddlers a unique electric-assist kayak in a lightweight package that is portable and easy ...
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News briefs
Solo Brands with executive additions
Texas-based Solo Brands, Inc., the parent company of the Solo Stove, Chubbies, Oru Kayak, Isle and Icy Breeze brands, announced two leadership appointments: Laura Coffey as Chief Financial Officer and Michael McGoohan to the newly created position of Chief Growth Officer and Executive Vice President, effective immediately. Coffey will lead ...
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Solo Brands updates FY 2023 guidance, announces leadership change
Solo Brands, Inc., the parent company of the Solo Stove, Chubbies, Oru Kayak, Isle and Icy Breeze brands, announced the appointment of Christopher T. Metz as its new President, Chief Executive Officer and Director of the Board, effective Jan. 15, 2024. Metz succeeds John Merris, who will be stepping down ...