BRC Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 09:19 pm
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BRC Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 91.95 million compared to USD 66.37 million a year ago. Net loss was USD 4.23 million compared to USD 10.76 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.22 a year ago.
For the six months, sales was USD 175.44 million compared to USD 132.2 million a year ago. Net loss was USD 9.03 million compared to USD 73.68 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 1.49 a year ago.
BRC Inc. is a veteran-controlled and led coffee and media company. The Company conducts primarily all of its business through its subsidiary, Authentic Brands, LLC. It operates through three channels: wholesale, direct to consumer (DTC), and its outposts. It purchases, roasts, and sells coffee, coffee accessories, and branded apparel through its online channels and business networks. It offers over 20 varieties of roasted whole bean and ground coffee, in addition to its ready-to-drink (RTD), single-serve, and instant coffee. It produces cause-related media content to inform, inspire, entertain, and build its community. It sells BRCC-brand apparel, coffee brewing equipment, and outdoor and lifestyle gear. In its wholesale channel, the Company sells packaged coffee at Walmart and Food, Drug and Mass (FDM) and RTD coffee in convenience, grocery, and FDM merchandise retailers. The Company's DTC channel includes its e-commerce business, through which consumers order its products online.
BRC INC. 
