Solo Brands: Struggling As Consumer Demand Fades
solo stove(DTC) Seeking Alpha·2024-08-12 17:27
gollykim/E+ via Getty Images Since my first article reviewing Solo Brands (NYSE:DTC) back in late 2023 the company's stock price has plunged by over 70%. In 2024, the company is down nearly 80%, much of this decline has come after the company reported Q2 earnings. Management lowered guidance for the rest of the fiscal year, noting soft demand. Let's dig into the latest quarter to see if this company is poised for a turnaround, or if this is a company investors might want to continue to avoid. Great Products ...