Solo Brands stock slides after revenue miss

Solo Brands Inc. shares slid 1% in early Thursday trading after it reported first-quarter revenue that missed expectations. The Solo Stove parent, which began trading in October 2021, posted a net loss of $2.0 million, or 3 cents per share, after net income of $22.2 million last year. Adjusted EPS of 19 cents beat the FactSet consensus for 8 cents. Sales of $82.2 million were up from $69.1 million, but missed the FactSet consensus for $84.5 million. For the full year, Solo is guiding for revenue between $540 million and $570 million. The FactSet consensus is for $556.8 million. Solo stock is down nearly 68% for the year to date.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.