BRC (BRCC) - 2023 Q4 - Annual Results
BRCCBRC (BRCC)2024-03-07 05:17

Exhibit 99.1 BRC Inc. Reports Fourth Quarter 2023 Financial Results Financial Highlights • Net Revenue increased 28% in Q4 2023 to 119.7million,drivenbyWholesalegrowthof79119.7 million, driven by Wholesale growth of 79% versus Q4 of 2022 • Outpaced category growth by over 18x within the FDM coffee category and 4x within RTD category • Profitability sequentially improved in Q4 2023; Adjusted EBITDA of 12.1 million and a Net Loss of 14.0millioncomparedtoAdjustedEBITDALossof14.0 million compared to Adjusted EBITDA Loss of 11.4 million and a Net Loss of $20.0 million a year ago • Contin ...