New York, March 07, 2024 - PRISM MarketView - The Veteran owned and operated, Black Rifle Coffee Company, Inc.(BRCC) announced fully loaded earnings for the fourth quarter of 2023. Net revenues increased by 28% for the quarter to $119.7M, adjusted EBITDA beat Street estimates coming in at $12.1M vs Factset $7.3M, profitability sequentially improved and profit and cash flow is expected to continue into 2024. The stock is currently trading up ~18% and is leading the PRISM MarketView Consumer Products Index.
BRC Inc. Reports Fourth Quarter 2023 Financial Results
SALT LAKE CITY, Utah, March 06, 2024--BRC Inc. (NYSE: BRCC), the rapidly-growing, mission-driven premium coffee company creating long-term shareholder value through innovative brand strategy that elevates the service community, today announced financial results for the fourth quarter of fiscal year 2023.
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“BRCC has reached an inflection point, driven by a renewed focus on efficiency and effectiveness, giving us confidence in our first full-year guidance of positive profit and free cash flow.”
BRCC Chief Financial Officer Steve Kadenacy
Black Rifle Coffee Company is a veteran-owned and operated business known for its premium, small-batch coffee blends. Founded by former U.S. Army Special Forces veterans, Black Rifle Coffee Company is dedicated to providing high-quality coffee to customers who appreciate both great taste and supporting veterans. The company offers a wide range of coffee products, including whole bean, ground, and single-serve options, all roasted to perfection for an exceptional coffee experience. Additionally, Black Rifle Coffee Company is committed to supporting veteran and first responder causes through various initiatives, making it a favorite among coffee enthusiasts who value both quality and community impact.
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