Solo Brands Stock Jumps After Raising FY21 Outlook

Solo Brands Inc DTC has raised its fiscal year 2021 revenue outlook to $400 million - $402 million (prior view $344 million - $352 million), above the consensus of $349.51 million.
The company anticipates adjusted EBITDA of $120 million - $121 million (previously $107 million - $109 million).
"We delivered tremendous growth and profitability in 2021 with triple-digit organic revenue growth reflecting strong consumer demand across brands despite unprecedented challenges and an uncertain environment," said CEO John Merris.
Solo Brands anticipates Q4 revenue of $173 million - $175 million, above the consensus of $122.72 million.
The company sees Q4 adjusted EBITDA of $43 million - $44 million.
Price Action: DTC shares are trading higher by 11.2% at $16.44 in premarket on the last check Monday.