Mission Accomplished. Black Rifle Coffee (BRCC) Hits Target on Adjusted EBITDA, Stock Shoots Up ~18%
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.
“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,” said 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.
