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    Brilliant Earth Reports Third Quarter 2023 Results

    11/9/23 4:10:00 PM ET
    $BRLT
    Consumer Specialties
    Consumer Discretionary
    Get the next $BRLT alert in real time by email

    Exceeded Profitability Expectations and Increased Order Volume by 17%

    Generated GAAP Diluted EPS of $0.02 and Adjusted Diluted EPS of $0.05

    SAN FRANCISCO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. ("Brilliant Earth" or the "Company") (NASDAQ:BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced financial results for the three and nine months ended September 30, 2023.

    Third Quarter 2023 Financial Highlights (compared to Third Quarter 2022):

    • Delivered net sales of $114.2 million, a 2.5% increase year-over-year, and growth of 22% on a four-year CAGR basis
    • Increased order volume by 17%
    • Expanded gross margin by 380 bps to 58.5%
    • Generated strong profitability
      • Net income was $2.0 million
      • Adjusted EBITDA was $7.6 million

    "Our third quarter results highlight the power of Brilliant Earth's brand to drive share gains and sustainable profitable growth," said Beth Gerstein, Co-Founder and Chief Executive Officer. "Most recently, the response to our largest national brand campaign in Company history, featuring our new Sol Collection, exceeded expectations and continues to further elevate and grow awareness of Brilliant Earth. Our differentiators, including our accelerating brand momentum, omnichannel experience, data driven model, curated and customizable products and our authentic mission, position us well to continue to outperform the industry this holiday season and into the future."

    Third Quarter 2023 Operational Highlights:

    • Strong growth in fine jewelry bookings compared to Q3 2022, with increasing fine jewelry average sales price year-over-year
    • Unaided brand awareness more than doubled among target demographic since May 2022*
    • Exceeded goal of at least 35 showrooms in 2023 with 37 total showrooms as of September 30, 2023

    *Measured by Brilliant Earth's September 2023 consumer survey.

    Third Quarter Results

      Q3 2023 Q3 2022 Change
    Total Orders 43,161  36,977  16.7% 
    AOV$2,645 $3,013  (12.2)% 
    ($ in millions, except per share amounts)      
    Net Sales$114.2 $111.4  2.5% 
    Gross Profit$66.8 $60.9  9.7% 
    Gross Margin 58.5%  54.7%  380 bps 
    Net income allocable to Brilliant Earth Group, Inc. (1)$0.2 $0.6  (66.7)% 
    Net income, as reported$2.0 $5.7  (65.1)% 
    Net income margin 1.8%  5.1%  (330) bps 
    Adjusted net income (3)$4.8 $6.7  (28.4)% 
    GAAP Diluted EPS (2)$0.02 $0.05  (60.0)% 
    Adjusted Diluted EPS (3)$0.05 $0.07  (28.6)% 
    Adjusted EBITDA (3)$7.6 $10.0  (23.5)% 
    Adjusted EBITDA margin (3) 6.7%  8.9%  (220) bps 

    *Percentage changes may not recalculate due to rounding

    (1) Represents net income allocable to Brilliant Earth Group, Inc. during the third quarter of 2023 and 2022

    (2) Represents GAAP Diluted EPS for the third quarter of 2023 and 2022

    (3) Adjusted net income, Adjusted Diluted EPS, Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures. See "Disclosure Regarding Non-GAAP Financial Measures and Key Metrics" for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures

    Nine Month Results

      YTD

    September

    2023
     YTD

    September

    2022
     Change
    Total Orders 121,641  104,715  16.2% 
    AOV$2,647 $3,058  (13.4)% 
    ($ in millions, except per share amounts)      
    Net Sales$322.0 $320.3  0.6% 
    Gross Profit$184.0 $168.9  9.0% 
    Gross Margin 57.1%  52.7%  440 bps
    Net income allocable to Brilliant Earth Group, Inc. (1)$0.3 $1.4  (78.6)% 
    Net income, as reported$2.8 $12.8  (78.2)% 
    Net income margin 0.9%  4.0%  (310) bps
    Adjusted net income (3)$12.7 $17.3  (26.6)% 
    GAAP Diluted EPS (2)$0.02 $0.10  (80.0)% 
    Adjusted Diluted EPS (3)$0.13 $0.18  (27.8)% 
    Adjusted EBITDA (3)$20.9 $28.0  (25.2)% 
    Adjusted EBITDA margin (3) 6.5%  8.7%  (220) bps

    *Percentage changes may not recalculate due to rounding

    (1) Represents net income allocable to Brilliant Earth Group, Inc. during the nine months ended September 30, 2023 and 2022

    (2) Represents GAAP Diluted EPS for the nine months ended September 30, 2023 and 2022

    (3) Adjusted net income, Adjusted Diluted EPS, Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures. See "Disclosure Regarding Non-GAAP Financial Measures and Key Metrics" for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures

    Updated Fiscal 2023 Outlook

    The Company's updated 2023 guidance reflects the current normalizing jewelry industry conditions while reiterating management's expectation to continue gaining market share with increasing order volume and delivering profitable growth. "Our ability to maintain profitability despite industry headwinds speaks to the effectiveness of our agile structure and the speed with which we can adapt," said Jeff Kuo, Chief Financial Officer.

     Net sales$444 million - $450 million
     Adjusted EBITDA$22 million - $24 million
       

    Webcast and Conference Call Information

    Brilliant Earth will host an investor conference call and webcast to discuss third quarter results today, November 9, 2023, at 5:00 p.m. ET/2:00 p.m. PT. The webcast can be accessed at https://investors.brilliantearth.com. The conference call can be accessed by using the following link: https://register.vevent.com/register/BI4da3000c6bc846019dde41614bbff493. After registering, an email will be sent including dial-in details and a unique conference call pin required to join the live call. A replay of the event will remain available on the Brilliant Earth investor website after the live webcast concludes.

    About Brilliant Earth 

    Brilliant Earth is a digitally native, omnichannel fine jewelry Company and a global leader in ethically sourced fine jewelry. Led by our co-founders Beth Gerstein and Eric Grossberg, the Company's mission since its founding in 2005 has been to create a more transparent, sustainable, and compassionate jewelry industry. Headquartered in San Francisco, CA and Denver, CO, Brilliant Earth has more than 35 showrooms across the United States and has served customers in over 50 countries worldwide. 

    Disclosure Regarding Non-GAAP Financial Measures and Key Metrics

    In addition to the financial measures presented in this release in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), the Company has included certain non-GAAP financial measures in this release, including Adjusted EBITDA, Adjusted Net income, Adjusted Diluted EPS and Adjusted EBITDA margin. These non-GAAP financial measures provide users of our financial information with useful information in evaluating our operating performance and exclude certain items from net income that may vary substantially in frequency and magnitude from period to period.

    We define EBITDA as net income before interest, taxes, depreciation and amortization. We define Adjusted EBITDA as net income before interest, income taxes, depreciation, amortization of cloud-based software implementation costs, adjusted for the impact of certain additional non-cash and other items that we do not consider in our evaluation of ongoing performance of our core operations. These items include showroom pre-opening expense, equity-based compensation expense, costs to fund the Brilliant Earth Foundation and transaction costs and other expenses that we did not incur in the normal course of business. We define Adjusted EBITDA margin as Adjusted EBITDA calculated as a percentage of net sales. We believe that Adjusted EBITDA and Adjusted EBITDA margin, which eliminate the impact of certain expenses that we do not believe reflect our underlying business performance, provide useful information to investors to assess the performance of our business.

    We define Adjusted Net income as net income adjusted for the impact of certain additional non-cash and other items that we do not consider in our evaluation of ongoing performance of our core operations. These items include showroom pre-opening expense, equity-based compensation expense, costs to fund the Brilliant Earth Foundation and transaction costs and other expenses that we did not incur in the normal course of business. We define Adjusted Diluted EPS as Adjusted Net income, divided by the diluted weighted average shares of common stock outstanding. The diluted weighted average shares of common stock outstanding is derived from the historical diluted weighted average shares of common stock assuming such shares were outstanding for the entirety of the period presented. We believe Adjusted Net income and Adjusted diluted Earnings Per Share, which eliminate the impact of certain expenses that we do not believe reflect our underlying business performance, provide useful information to investors to assess the performance of our business.

    Please refer to "GAAP to Non-GAAP Reconciliations" located in the financial supplement in this release for a reconciliation of GAAP to non-GAAP financial information.

    This release includes forward-looking guidance for certain non-GAAP financial measures, including Adjusted EBITDA. These measures will differ from net income (loss), determined in accordance with GAAP, in ways similar to those described in the reconciliations at the end of this release. We are not able to provide, without unreasonable effort, guidance for net income (loss), determined in accordance with GAAP, or a reconciliation of guidance for Adjusted EBITDA to the most directly comparable GAAP measure because the Company is not able to predict with reasonable certainty the amount or nature of all items that will be included in net income.

    This press release also contains certain key business metrics which are used to evaluate our business and growth trends, establish budgets, measure the effectiveness of our sales and marketing efforts, and assess operational efficiencies. We define total orders as the total number of customer orders delivered less total orders returned in a given period (excluding those repair, resize, and other orders which have no revenue). We view total orders as a key indicator of the velocity of our business and an indication of the desirability of our products to our customers. Total orders, together with AOV, is an indicator of the net sales we expect to recognize in a given period. Total orders may fluctuate based on the number of visitors to our website and showrooms, and our ability to convert these visitors to customers. We believe that total orders is a measure that is useful to investors and management in understanding our ongoing operations and in an analysis of ongoing operating trends. We define average order value, or AOV, as net sales in a given period divided by total orders in that period. We believe that AOV is a measure that is useful to investors and management in understanding our ongoing operations and in an analysis of ongoing operating trends. AOV varies depending on the product type and number of items per order. AOV may also fluctuate as we expand into and increase our presence in additional product categories and price points, and open additional showrooms.

    Forward-Looking Statements

    This press release contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements other than statements of historical facts contained in this press release may be forward-looking statements. Statements regarding our future results of operations and financial position, business strategy, and plans and objectives of management for future operations, including, among others, statements regarding expected growth and future capital expenditures, are forward-looking statements. In some cases, you can identify forward-looking statements by terms, such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "evolve," "expect," "intend," "may," "plan," "potential," "predict," "seek," "should," "strategy," "target," "will," or "would," or the negative of these terms or other similar expressions. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. You should not rely upon forward-looking statements as predictions of future events. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including, but not limited to: the Company has grown rapidly in recent years and has limited operating experience at our current scale of operations; the Company may be unable to manage growth effectively; increases in costs of diamonds, other gemstones and precious metals and supply shortages; the Company's ability to maintain a low cost of production and distribution; fluctuations in the pricing and supply of diamonds, other gemstones, and precious metals, particularly responsibly sourced natural and lab-grown diamonds and recycled precious metals such as gold, increases in labor costs for manufacturing such as wage rate increases, as well as inflation, and energy prices; the Company's ability to cost-effectively turn existing customers into repeat customers or to acquire new customers; risks related to the Company's expansion plans in the U.S.; an overall decline in the health of the economy and other factors impacting consumer spending, such as recessionary conditions, governmental instability, war or the threat of war, and natural disasters may affect consumer purchases; the Company has a history of losses, and may be unable to sustain profitability; competition in the fine jewelry retail industry; the Company's ability to manage its inventory balances and inventory shrinkage; a decline in sales of Create Your Own rings would negatively affect the Company's business, financial condition, and results of operations; the Company ability to maintain and enhance its brand; the Company's marketing efforts to help grow its business may not be effective; environmental, social, and governance matters may impact the Company's business and reputation; risks related to the Company's e-commerce and omnichannel business; the Company's ability to effectively anticipate and respond to changes in consumer preferences and shopping patterns; the Company's results of operations and operating cash flows could fluctuate on a quarterly and annual basis, which may make it difficult to predict its future performance; the Company's principal asset is its interest in Brilliant Earth, LLC, and, as a result, the Company depends on distributions from Brilliant Earth, LLC to pay its taxes and expenses; risks related to the Company's obligations under its Tax Receivable Agreement and its organizational structure; and the other risks and uncertainties described in the section titled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2022, which filing is available at www.sec.gov. We qualify all of our forward-looking statements by these cautionary statements. These forward-looking statements speak only as of the date of this press release. Except as required by applicable law, we undertake no obligation to update or revise any forward-looking statements contained in this press release, whether as a result of any new information, future events or otherwise.

    Contacts:

    Investors:

    Stefanie Layton

    [email protected]





    BRILLIANT EARTH GROUP, INC.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (in thousands, except share and per share amounts)
     
     Three Months Ended

    September 30,
     Nine Months Ended

    September 30,
      2023   2022   2023   2022 
    Net sales$114,154  $111,405  $322,036  $320,252 
    Cost of sales 47,327   50,487   138,044   151,397 
    Gross profit 66,827   60,918   183,992   168,855 
    Operating expenses:       
    Selling, general and administrative 64,813   54,615   180,708   151,576 
    Income from operations 2,014   6,303   3,284   17,279 
    Interest expense (1,322)  (778)  (3,808)  (3,700)
    Other income, net 1,401   374   3,436   266 
    Loss on extinguishment of debt —   —   —   (617)
    Income before tax 2,093   5,899   2,912   13,228 
    Income tax expense (95)  (180)  (119)  (389)
    Net income 1,998   5,719   2,793   12,839 
    Net income allocable to non-controlling interest 1,753   5,073   2,452   11,413 
    Net income allocable to Brilliant Earth Group, Inc.$245  $646  $341  $1,426 
            
    Earnings per share:       
    Basic$0.02  $0.06  $0.03  $0.13 
    Diluted$0.02  $0.05  $0.02  $0.10 
    Weighted average shares of common stock outstanding:       
    Basic 12,149,770   10,884,306   11,780,905   10,571,777 
    Diluted 97,194,920   96,574,462   96,918,465   96,488,889 



    BRILLIANT EARTH GROUP, INC.
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
    (in thousands, except share and per share amounts)
     
     September 30, December 31,
      2023  2022
    Assets   
    Current assets:   
    Cash and cash equivalents$147,131 $154,649
    Restricted cash 209  205
    Inventories, net 37,256  39,331
    Prepaid expenses and other current assets 11,271  11,764
    Total current assets 195,867  205,949
    Property and equipment, net 22,402  16,554
    Deferred tax assets 9,272  8,948
    Operating lease right of use assets 35,459  27,812
    Other assets 2,693  3,311
    Total assets$265,693 $262,574
        
    Liabilities and equity   
    Current liabilities:   
    Accounts payable$4,108 $11,032
    Accrued expenses and other current liabilities 35,073  37,833
    Current portion of deferred revenue 23,051  18,505
    Current portion of operating lease liabilities 4,866  3,873
    Current portion of long-term debt 3,656  3,250
    Total current liabilities 70,754  74,493
        
    Long-term debt, net of debt issuance costs 56,749  59,462
    Operating lease liabilities 37,066  28,537
    Payable pursuant to the Tax Receivable Agreement 7,675  6,893
    Other long-term liabilities 4  48
    Total liabilities 172,248  169,433
        
    Commitments and contingencies (Note 10)   
        
    Equity   
    Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at September 30, 2023 and December 31, 2022, respectively —  —
    Class A common stock, $0.0001 par value, 1,200,000,000 shares authorized; 12,260,942 and 11,246,694 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 1  1
    Class B common stock, $0.0001 par value, 150,000,000 shares authorized; 35,669,224 and 35,482,534 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 4  4
    Class C common stock, $0.0001 par value, 150,000,000 shares authorized; 49,119,976 and 49,119,976 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 5  5
    Class D common stock, $0.0001 par value, 150,000,000 shares authorized; none issued and outstanding at September 30, 2023 and December 31, 2022, respectively —  —
    Additional paid-in capital 7,791  7,256
    Retained earnings 4,004  3,663
    Equity attributable to Brilliant Earth Group, Inc. 11,805  10,929
    NCI attributable to Brilliant Earth, LLC 81,640  82,212
    Total equity 93,445  93,141
    Total liabilities and equity$265,693 $262,574
          



    Unaudited GAAP to Non-GAAP Reconciliations
    (in thousands, except share and per share amounts)
     
    ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN
     
     Three months ended

    September 30,
     Nine months ended

    September 30,
      2023   2022   2023   2022 
    Net income, as reported$1,998  $5,719  $2,793  $12,839 
    Interest expense 1,322   778   3,808   3,700 
    Income tax expense 95   180   119   389 
    Depreciation expense 1,105   501   2,996   1,248 
    Amortization of cloud-based software implementation costs 145   50   408   86 
    Showroom pre-opening expense 1,311   796   4,754   2,602 
    Equity-based compensation expense 2,569   2,311   7,454   6,563 
    Loss on extinguishment of debt —   —   —   617 
    Other income, net (1) (1,401)  (374)  (3,436)  (266)
    Transaction costs and other expense (2) 480   —   2,012   180 
    Adjusted EBITDA$7,624  $9,961  $20,908  $27,958 
    Net income margin 1.8%  5.1%  0.9%  4.0%
    Adjusted EBITDA margin 6.7%  8.9%  6.5%  8.7%
                    

    (1) Other income, net consists primarily of interest and other miscellaneous income, partially offset by expenses such as losses on exchange rates on consumer payments.

    (2) These expenses are those that we did not incur in the normal course of business. For the nine month period ended September 30, 2023, costs included a $1 million charitable contribution.

    ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE
     
     Three months ended

    September 30,
     Nine months ended

    September 30,
      2023   2022   2023   2022 
    Net income attributable to Brilliant Earth Group, Inc., as reported (1)$245  $646  $341  $1,426 
    Net income impact from assumed redemption of all LLC Units to common stock (2) 1,753   5,073   2,452   11,413 
    Net income, as reported 1,998   5,719   2,793   12,839 
    Income tax expense associated with conversion (3) (454)  (1,350)  (634)  (2,953)
    Tax effected net income after assumed conversion 1,544   4,369   2,159   9,886 
    Equity-based compensation expense 2,569   2,311   7,454   6,563 
    Loss on extinguishment of debt —   —   —   617 
    Showroom pre-opening expense 1,311   796   4,754   2,602 
    Transaction costs and other expense (4) 480   —   2,012   180 
    Tax impact of adjustments (1,128)  (748)  (3,679)  (2,508)
    Adjusted net income (5)$4,776  $6,728  $12,700  $17,340 
    Diluted weighted average of common stock assumed outstanding 97,194,920   96,574,462   96,918,465   96,488,889 
            
    Diluted earnings per share:       
    As reported$0.02  $0.05  $0.02  $0.10 
    As adjusted$0.05  $0.07  $0.13  $0.18 
            

    (1) Represents net income allocable to Brilliant Earth Group, Inc. for the three months and nine months ended September 30, 2023 and 2022.

    (2) It is assumed that we will elect to issue common stock upon redemption of LLC Units rather than cash settle.

    (3) Brilliant Earth Group, Inc. is subject to U.S. Federal income taxes, in addition to state and local taxes with respect to its allocable share of any net taxable income of Brilliant Earth, LLC. Acquisition of LLC units by Brilliant Earth Group, Inc. causes all of the taxable income currently recognized by the members of Brilliant Earth, LLC to become taxable to the Company.

    (4) These expenses are those that we did not incur in the normal course of business. For the nine month period ended September 30, 2023, costs included a $1 million charitable contribution.

    (5) The Company has removed the adjustment for "other (income) expense, net" in its calculation of Adjusted net income. This adjustment in fiscal years 2022 and 2023 principally consisted of interest income on the Company's cash balances. Prior periods have been adjusted to conform to the current year presentation.



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    • Brilliant Earth Group downgraded by Telsey Advisory Group with a new price target

      Telsey Advisory Group downgraded Brilliant Earth Group from Outperform to Market Perform and set a new price target of $2.00

      12/19/24 7:30:46 AM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary
    • Telsey Advisory Group reiterated coverage on Brilliant Earth Group with a new price target

      Telsey Advisory Group reiterated coverage of Brilliant Earth Group with a rating of Outperform and set a new price target of $3.00 from $4.00 previously

      8/9/24 8:23:56 AM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary

    $BRLT
    Insider Trading

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    $BRLT
    Financials

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    $BRLT
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    • Chief Operations Officer Dziesietnik Sharon sold $12,866 worth of shares (9,190 units at $1.40), decreasing direct ownership by 2% to 475,614 units (SEC Form 4)

      4 - Brilliant Earth Group, Inc. (0001866757) (Issuer)

      5/19/25 7:12:12 PM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary
    • Director Bickley Ian was granted 571 units of Class B Common Stock, increasing direct ownership by 2% to 26,814 units (SEC Form 4)

      4 - Brilliant Earth Group, Inc. (0001866757) (Issuer)

      5/1/25 4:52:35 PM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary
    • Director Jaques Attica was granted 571 units of Class B Common Stock, increasing direct ownership by 2% to 26,814 units (SEC Form 4)

      4 - Brilliant Earth Group, Inc. (0001866757) (Issuer)

      5/1/25 4:52:48 PM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary
    • Brilliant Earth Reports First Quarter 2025 Results

      Delivered Net Sales and Profitability within Guidance RangeDrove 12% Y/Y Growth in Total Orders and 13% Y/Y Growth in Repeat OrdersQ1 2025 GAAP Diluted EPS of $(0.03) and Adjusted Diluted EPS of $0.00Reiterates Annual Guidance and Provides Q2 Outlook SAN FRANCISCO, May 06, 2025 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. ("Brilliant Earth" or the "Company") (NASDAQ:BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced financial results for the three months ended March 31, 2025. First Quarter 2025 Highlights (quarterly period ended March 31, 2025): Delivered Net Sales of $93.9 million, in the first quarter Total orders grew year-over-year by 12% and r

      5/6/25 6:45:00 AM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary
    • Brilliant Earth to Report First Quarter 2025 Financial Results on May 6th

      SAN FRANCISCO, April 15, 2025 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. ("Brilliant Earth" or the "Company") (NASDAQ:BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced that it will report first quarter 2025 earnings results before the market opens on Tuesday, May 6, 2025. The Company will host an investor conference call and webcast to review these financial results and business outlook at 8:30am ET/5:30am PT on the same day. The webcast can be accessed at https://investors.brilliantearth.com. The conference call can be accessed by using the following link: Brilliant Earth's 1Q25 Earnings Call. After registering, an email will be sent including di

      4/15/25 4:05:00 PM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary
    • Brilliant Earth Reports Fourth Quarter and Fiscal Year 2024 Results

      Delivered Net Sales at High End of Guidance RangeDrove 10% Year-Over-Year Total Order Growth in Q4 2024Exceeded Profitability Expectations and Increased Q4 2024 Gross Margin by 90 bps Year-Over-Year to 59.6%Generated Q4 2024 GAAP Diluted EPS of $0.02 and Adjusted Diluted EPS of $0.04Provides Q1 and Full Year 2025 Guidance SAN FRANCISCO, March 12, 2025 (GLOBE NEWSWIRE) --  Brilliant Earth Group, Inc. ("Brilliant Earth" or the "Company") (NASDAQ:BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced financial results for the three and twelve months ended December 31, 2024. Fourth Quarter and Fiscal Year 2024 Highlights (quarterly and annual periods ended Dec

      3/12/25 4:05:00 PM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary
    • SEC Form 144 filed by Brilliant Earth Group Inc.

      144 - Brilliant Earth Group, Inc. (0001866757) (Subject)

      5/16/25 4:01:26 PM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary
    • SEC Form 10-Q filed by Brilliant Earth Group Inc.

      10-Q - Brilliant Earth Group, Inc. (0001866757) (Filer)

      5/13/25 5:27:54 PM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary
    • Amendment: SEC Form SCHEDULE 13G/A filed by Brilliant Earth Group Inc.

      SCHEDULE 13G/A - Brilliant Earth Group, Inc. (0001866757) (Subject)

      5/13/25 11:44:13 AM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary

    $BRLT
    Large Ownership Changes

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    • Amendment: SEC Form SC 13G/A filed by Brilliant Earth Group Inc.

      SC 13G/A - Brilliant Earth Group, Inc. (0001866757) (Subject)

      11/14/24 12:28:56 PM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Brilliant Earth Group Inc. (Amendment)

      SC 13G/A - Brilliant Earth Group, Inc. (0001866757) (Subject)

      2/14/24 11:21:26 AM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Brilliant Earth Group Inc. (Amendment)

      SC 13G/A - Brilliant Earth Group, Inc. (0001866757) (Subject)

      2/13/24 5:00:52 PM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary

    $BRLT
    Leadership Updates

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    • Vera Bradley Announces Appointment of Ian Bickley to the Board of Directors

      FORT WAYNE, Ind., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. ("Vera Bradley" or the "Company") (NASDAQ:VRA) today announced the appointment of Ian Bickley to its Board of Directors (the "Board") effective November 1, 2024. "We are pleased to welcome Ian to our Board," said Jacqueline Ardrey, President & CEO of Vera Bradley and an executive member of the Company's Board. "Ian's deep, decades-long executive and public company leadership experience at global fashion lifestyle and luxury brands will be invaluable to Vera Bradley as we continue to execute our strategy to build long-term value for our shareholders." Mr. Bickley served as a key architect and leader at Tapestry, Inc. (

      11/1/24 8:30:00 AM ET
      $BRLT
      $CROX
      $VRA
      Consumer Specialties
      Consumer Discretionary
      Shoe Manufacturing
      Apparel
    • Brilliant Earth and Renowned Conservationist Dr. Jane Goodall Join Forces in Groundbreaking Partnership

      SAN FRANCISCO, April 03, 2024 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. ("Brilliant Earth" or the "Company") (NASDAQ:BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced a partnership with Dr. Jane Goodall and her foundation, the Jane Goodall Institute (JGI), in celebration of Dr. Goodall's 90th birthday. This landmark collaboration, to support the Jane Goodall Institute and the advancement of more ethical practices within the fine jewelry industry, represents a significant step forward in raising awareness about transparent and responsible sourcing of diamonds and precious metals. To celebrate the partnership, which will culminate with an exclusive

      4/3/24 9:34:27 AM ET
      $BRLT
      Consumer Specialties
      Consumer Discretionary