BRC Inc., through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel. The company also produces media content; podcasts; and digital and print journals, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders. The company offers its products through convenience, grocery, drug, and mass merchandise stores; outdoor, do it yourself, and lifestyle retailers; and company operated and franchised Black Rifle Coffee retail coffee shop locations, as well as through e-commerce. BRC Inc. was founded in 2014 and is based in Salt Lake City, Utah.
IPO Year: 2022
Exchange: NYSE
Website: https://www.blackriflecoffee.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/9/2024 | $8.00 → $6.00 | Outperform | Telsey Advisory Group |
8/9/2024 | $8.00 → $4.00 | Buy → Neutral | ROTH MKM |
5/31/2023 | Hold | Needham | |
8/2/2022 | $10.00 | Neutral | Citigroup |
5/26/2022 | $17.00 | Buy | Tigress Financial |
4/5/2022 | Outperform → Mkt Perform | Raymond James | |
3/31/2022 | $19.00 | Hold | Deutsche Bank |
3/28/2022 | Neutral | Guggenheim | |
3/7/2022 | Outperform | William Blair | |
3/7/2022 | $20.00 | Hold | Truist Securities |
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Proceeds from the auction will support Special Operations Warrior Foundation's Children with Disabilities Program Black Rifle Coffee Company (NYSE:BRCC) ("BRCC," "the Company"), a veteran-founded premium lifestyle brand and coffee company supporting the service community, and UFC®, the world's premier mixed martial arts organization, have joined forces to salute military service by raising funds for the Special Operations Warrior Foundation (SOWF) through the non-profit's first-ever specialty memorabilia auction. During the highly anticipated UFC® 309: JONES vs. MIOCIC, taking place Saturday, November 16, at Madison Square Garden in New York City, legendary Octagon® announcer and sartoria
Highlights Wholesale revenue grew 3.5% compared to Q3 2023 while consolidated net revenue decreased 2.3% in Q3 2024 to $98.2 million. Adjusted EBITDA of $7.1 million and Net Loss of $1.4 million, an increase of $0.9 million compared to Adjusted EBITDA of $6.2 million in Q3 2023 and an improvement of $9.3 million from Net Loss of $10.7 million in Q3 2023. Increased midpoint guidance for Gross Margin and adjusted EBITDA, while narrowing the full-year revenue range. Black Rifle Energy™ RTD will launch in Q4, offering a clean energy option with BRCC's unique designs, supported by national distribution through our partnership with Keurig Dr Pepper (KDP) for FY25. BRC Inc. (NYSE:BRCC, t
BRC Inc. (("The Company", "BRCC" or "Black Rifle Coffee Company", NYSE:BRCC), the veteran-founded, mission driven, premium beverage company, today announced the release date for its third quarter 2024 results on Monday, November 4, 2024 after market close, with a conference call to follow on Tuesday, November 5, 2024 at 8:30am ET. Investors are invited to listen to the Company's conference call discussing the financial results for the third quarter 2024, on Tuesday, November 5, 2024, at 8:30 a.m. Eastern Time, via webcast on the Company's website at ir.blackriflecoffee.com. Interested analysts are invited to join the call. The dial-in number for the call is (877) 407-0609 or (201) 689-8541
Black Rifle Coffee Company (NYSE:BRCC) has changed the date and location of its Investor Day to January 14, 2025 at the ICR Conference in Orlando, Florida, to accommodate unforeseen scheduling conflicts at the NYSE on Veterans Day. The Investor Day will feature Black Rifle's executive leadership team, offering an in-depth overview of the company's long-term growth strategy, profitability goals, and upcoming product innovations. Investors are invited to attend the event in person by registering for the 27th Annual ICR Conference. Full registration details and the conference agenda are available on the ICR Conference website (icrconference.com). For those unable to attend, the event will al
Black Rifle Coffee Company (NYSE:BRCC) ("BRCC," "the company"), a rapidly-growing, mission-driven lifestyle brand and premium coffee company, today announced the appointment of Matt McGinley as Vice President of Investor Relations, effective immediately. In this role, McGinley will cultivate meaningful relationships with the investment community, effectively communicating how the company's mission and core values contribute to its financial performance by driving consumer loyalty, brand differentiation, and sustained growth. "Matt is a proven leader with an extensive background in strategic finance and consumer packaged goods, and we're thrilled to welcome him to Black Rifle Coffee Company
Black Rifle Coffee Company (NYSE:BRCC) ("BRCC," "the company"), a rapidly-growing, mission-driven lifestyle brand and premium coffee company, today unveiled a long-term sales and distribution agreement with Keurig Dr Pepper Inc. (NASDAQ:KDP) ("KDP") for BRCC's new line of ready-to-drink Black Rifle Energy beverages. The deal matches BRCC's vast consumer appeal and authentically entertaining brand strategy with KDP's unique route-to-market advantage. Black Rifle Energy beverages provide a boost from naturally sourced caffeine fueled by BRCC's proprietary Black Rifle Energy Blend, presented in packaging that embodies the brand's identity and its commitment to quality, patriotism, and the mi
Highlights Announces Q4 launch of Black Rifle Energy™ RTD, offering a clean energy alternative for national distribution in FY25 featuring BRCC's one-of-a-kind designs Wholesale revenue grew 8% compared to Q2 2023 while net revenue decreased 3% in Q2 2024 to $89.0 million Adjusted EBITDA of $8.5 million and Net Loss of $1.4 million, an increase of $8.4 million and $13.3 million, compared to Adjusted EBITDA of $0.1 million and a Net Loss of $14.7 million in Q2 2023 Reiterates full year adjusted EBITDA guidance of $32 million to $42 million BRC Inc. (NYSE:BRCC, the ", Company", ))), the rapidly-growing, mission-driven premium coffee company creating long-term shareholder value
Black Rifle Coffee Company (NYSE:BRCC) ("BRCC," "the company"), a rapidly-growing, mission-driven lifestyle brand and premium coffee company, is expanding into the energy product category with the launch of a new line of high-octane, ready-to-drink Black Rifle Energy™ beverages expected to premier in late Q4 and arrive nationwide in early 2025. BRCC has dominated the premium coffee space for nearly a decade with its bold roasts and even bolder content strategy. The company's unwavering commitment to pro-American values and its relentlessly service-forward mission have earned the support of a loyal customer base, driving successful growth in new markets. Now, BRCC is kicking into high gear
Black Rifle Coffee Company (NYSE:BRCC) ("BRCC," "the company"), the rapidly-growing, mission-driven premium coffee company creating long-term shareholder value through innovative brand strategy that elevates the service community, proudly announces its upcoming Investor Day to be held on Veterans Day, November 11, 2024, at the New York Stock Exchange, 11 Wall Street, New York, NY 10005. With this event, BRCC welcomes investors to connect with company leadership, gain insight into its strategic vision, and celebrate its service-forward mission. Founded by special operations veterans with a passion for great coffee and an even greater passion for supporting the service community, Black Rifl
BRC Inc. (("The Company", "BRCC" or "Black Rifle Coffee Company", 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 the release date for its second quarter 2024 results on Wednesday, August 7, 2024 after market close, with a conference call to follow on Thursday, August 8, 2024 at 8:30am ET. Investors are invited to listen to the Company's conference call discussing the financial results for the second quarter 2024, on Thursday, August 8, 2024, at 8:30 a.m. Eastern Time, via webcast on the Company's website at ir.blackriflecoffee.com. Interested
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Black Rifle Coffee Company (NYSE:BRCC) ("BRCC," "the company"), a rapidly-growing, mission-driven lifestyle brand and premium coffee company, today announced the appointment of Matt McGinley as Vice President of Investor Relations, effective immediately. In this role, McGinley will cultivate meaningful relationships with the investment community, effectively communicating how the company's mission and core values contribute to its financial performance by driving consumer loyalty, brand differentiation, and sustained growth. "Matt is a proven leader with an extensive background in strategic finance and consumer packaged goods, and we're thrilled to welcome him to Black Rifle Coffee Company
Black Rifle Coffee Company (NYSE:BRCC) ("BRCC," "the company"), the rapidly-growing, mission-driven premium coffee company creating long-term shareholder value through innovative brand strategy that elevates the service community, proudly announces its upcoming Investor Day to be held on Veterans Day, November 11, 2024, at the New York Stock Exchange, 11 Wall Street, New York, NY 10005. With this event, BRCC welcomes investors to connect with company leadership, gain insight into its strategic vision, and celebrate its service-forward mission. Founded by special operations veterans with a passion for great coffee and an even greater passion for supporting the service community, Black Rifl
Black Rifle Coffee Company (NYSE:BRCC, the "Company"))), the rapidly-growing, mission-driven premium coffee company creating long-term shareholder value through innovative brand strategy that elevates the service community, today announced the appointment of Major General Clayton Hutmacher and Lawrence "Chip" Molloy to its Board of Directors effective June 7, 2024. "We are pleased to welcome Clay and Chip as new independent directors to the Black Rifle Coffee Company Board," said Chris Mondzelewski, BRCC Chief Executive Officer. "We are unique as a company in that our service-forward mission drives our ever-expanding relationship with customers across existing and new sales channels, and
Black Rifle Coffee (NYSE:BRCC) ("BRCC" or the "Company"), a rapidly growing and mission-driven coffee company founded to support veterans, active-duty military, and first responders and serve a broad customer base by connecting consumers with great coffee and a unique brand experience, today announced the appointment of Danya Kennedy as Chief Revenue Officer. In her role, Danya will support the Company's efforts to further build on its strong brand momentum and drive profitable, sustainable growth across channels. Danya brings more than two decades of experience as a sales and growth leader, driving results with Food, Drug, Mass (FDM) and Omni retail partners. In her most recent role, she
BRC Inc., the parent company of Black Rifle Coffee Company (NYSE:BRCC) ("BRCC" or the "Company"), a rapidly growing and mission-driven coffee company founded to support Veterans, active-duty military, and first responders and serve a broad customer base by connecting consumers with great coffee and a unique brand experience, today announced the appointment of Stephen Kadenacy as Chief Financial Officer. Mr. Kadenacy brings more than thirty years of experience to BRCC and will support the Company's efforts to further build on its strong brand momentum to drive profitable, sustainable growth and investor returns. Mr. Kadenacy, who is the former CFO of AECOM (NYSE:ACM), is a significant shar
Former Mars executive will build upon Black Rifle Coffee's strong brand momentum Black Rifle Coffee Company (NYSE:BRCC) ("BRC" or the "Company"), a rapidly growing and mission-driven premium coffee company founded to support Veterans, active-duty military, and first responders, today announced that it has appointed Chris Mondzelewski as Chief Marketing Officer, effective May 1, 2023. In this newly created position, Chris will be responsible for developing and executing all aspects of BRC's marketing strategy to drive business growth and market share across all channels including direct-to-consumer, wholesale, the bagged coffee and Ready-to-Drink product portfolio, and retail coffee shop
Latest C-suite addition will lead talent strategy and mission to hire 10,000 Veterans Black Rifle Coffee Company (BRCC), a rapidly growing mission-driven premium coffee company founded to support Veterans, active-duty military, and first responders, has appointed U.S. Navy Veteran and experienced corporate executive Martin "Marty" Manning as Chief Human Resources Officer (CHRO). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220830005308/en/Marty Manning, Black Rifle Coffee Company Chief Human Resources Officer Marty is the latest in a series of senior BRCC leadership appointments that will enable the company to achieve its miss
Proven Industry Leader and U.S. Army Veteran Will Support Existing Management Team's Ongoing Implementation of Omnichannel Growth Strategy BRC Inc. (NYSE:BRCC) ("Black Rifle Coffee," "BRCC" or the "Company"), a rapidly growing and mission-driven premium coffee company founded to support veterans, active-duty military and first responders and serve a broad customer base by connecting consumers with great coffee and an omnichannel brand experience, today announced that its Board of Directors (the "Board") has appointed Roland Smith as Executive Chairman, effective immediately. Mr. Smith assumes the chairmanship from Founder Evan Hafer, who is continuing to serve as Chief Executive Officer an
Shares of Conagra Brands, Inc. (NYSE:CAG) fell during Thursday's session after the company reported worse-than-expected fourth-quarter sales results and issued FY25 adjusted EPS guidance below estimates. The company reported adjusted earnings per share of 61 cents, beating the analyst consensus estimate of 57 cents. Quarterly revenues of $2.905 billion missed the street view of $2.930 billion, according to data from Benzinga Pro. Conagra Brands shares declined 3.9% to $27.70 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers Kazia Therapeutics Limited (NASDAQ:KZIA) shares surged 88.6% to $1.26. Kazia Therapeutics, on Wednesday, announced result
Across the recent three months, 6 analysts have shared their insights on BRC (NYSE:BRCC), expressing a variety of opinions spanning from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 1 3 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $8.33, with a high estimate of $11.00
Telsey Advisory Group analyst Sarang Vora maintains BRC (NYSE:BRCC) with a Outperform and maintains $8 price target.
https://x.com/TuckerCarlson/status/1806405647119823298
Needham analyst Matt McGinley reiterates BRC (NYSE:BRCC) with a Hold.
Roth MKM analyst George Kelly reiterates BRC (NYSE:BRCC) with a Buy and raises the price target from $6 to $7.
Telsey Advisory Group analyst Sarang Vora maintains BRC (NYSE:BRCC) with a Outperform and maintains $8 price target.
BRC (NYSE:BRCC) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.03) by 133.33 percent. This is a 112.5 percent increase over losses of $(0.08) per share from the same period last year. The company reported quarterly sales of $98.392 million which beat the analyst consensus estimate of $97.135 million by 1.29 percent. This is a 17.85 percent increase over sales of $83.490 million the same period last year.
Highlights Wholesale revenue grew 3.5% compared to Q3 2023 while consolidated net revenue decreased 2.3% in Q3 2024 to $98.2 million. Adjusted EBITDA of $7.1 million and Net Loss of $1.4 million, an increase of $0.9 million compared to Adjusted EBITDA of $6.2 million in Q3 2023 and an improvement of $9.3 million from Net Loss of $10.7 million in Q3 2023. Increased midpoint guidance for Gross Margin and adjusted EBITDA, while narrowing the full-year revenue range. Black Rifle Energy™ RTD will launch in Q4, offering a clean energy option with BRCC's unique designs, supported by national distribution through our partnership with Keurig Dr Pepper (KDP) for FY25. BRC Inc. (NYSE:BRCC, t
BRC Inc. (("The Company", "BRCC" or "Black Rifle Coffee Company", NYSE:BRCC), the veteran-founded, mission driven, premium beverage company, today announced the release date for its third quarter 2024 results on Monday, November 4, 2024 after market close, with a conference call to follow on Tuesday, November 5, 2024 at 8:30am ET. Investors are invited to listen to the Company's conference call discussing the financial results for the third quarter 2024, on Tuesday, November 5, 2024, at 8:30 a.m. Eastern Time, via webcast on the Company's website at ir.blackriflecoffee.com. Interested analysts are invited to join the call. The dial-in number for the call is (877) 407-0609 or (201) 689-8541
Highlights Announces Q4 launch of Black Rifle Energy™ RTD, offering a clean energy alternative for national distribution in FY25 featuring BRCC's one-of-a-kind designs Wholesale revenue grew 8% compared to Q2 2023 while net revenue decreased 3% in Q2 2024 to $89.0 million Adjusted EBITDA of $8.5 million and Net Loss of $1.4 million, an increase of $8.4 million and $13.3 million, compared to Adjusted EBITDA of $0.1 million and a Net Loss of $14.7 million in Q2 2023 Reiterates full year adjusted EBITDA guidance of $32 million to $42 million BRC Inc. (NYSE:BRCC, the ", Company", ))), the rapidly-growing, mission-driven premium coffee company creating long-term shareholder value
BRC Inc. (("The Company", "BRCC" or "Black Rifle Coffee Company", 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 the release date for its second quarter 2024 results on Wednesday, August 7, 2024 after market close, with a conference call to follow on Thursday, August 8, 2024 at 8:30am ET. Investors are invited to listen to the Company's conference call discussing the financial results for the second quarter 2024, on Thursday, August 8, 2024, at 8:30 a.m. Eastern Time, via webcast on the Company's website at ir.blackriflecoffee.com. Interested
Highlights Net Revenue increased 18% in Q1 2024 to $98.4 million, driven by Wholesale growth of 51% compared to Q1 2023 Net Income of $1.9 million and Adjusted EBITDA of $14.1 million, an increase of $19.2 million and $19.3 million, compared to a Net Loss of $17.3 million and Adjusted EBITDA Loss of $5.2 million compared to Q1 2023 Increased 2024 guidance to Adjusted EBITDA of $32.0 million to $42.0 million with Free Cash Flow conversion of ~80% of Adjusted EBITDA 2024 Gross Margin now expected to be at the high end of the range of guidance of 37% - 40% Enters into strategic partnership with Keurig Dr Pepper for K-Cup pod manufacturing and distribution BRC Inc. (NYSE:BRCC,
BRC Inc. (("The Company", "BRCC" or "Black Rifle Coffee Company", 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 the release date for its first 2024 results Wednesday, May 8, 2024 after market close, with a conference call to follow on Thursday, May 9, 2024 at 8:30am ET. Investors are invited to listen to the Company's conference call discussing the financial results for the first quarter 2024, on Thursday, May 9, 2024, at 8:30 a.m. Eastern Time, via webcast on the Company's website at Black Rifle Coffee Company (BRCC). Interested analysts are
Financial Highlights Net Revenue increased 28% in Q4 2023 to $119.7 million, driven by Wholesale growth of 79% versus Q4 of 2022 Outpaced category growth by over 18x within the FDM coffee category and 4x within RTD category Profitability sequentially improved in Q4 2023; Adjusted EBITDA of $12.1 million and a Net Loss of $14.0 million compared to Adjusted EBITDA Loss of $11.4 million and a Net Loss of $20.0 million a year ago Continued acceleration of profit and cash flow expected in 2024 with guidance issued for Adjusted EBITDA of $27.0 million to $40.0 million with Free Cash Flow conversion of ~80% of Adjusted EBITDA BRC Inc. (NYSE:BRCC), the rapidly-growing, mission-driven
BRC Inc. (("The Company", "BRCC" or "Black Rifle Coffee Company", 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 the release date for its fourth quarter and full-year 2023 results on Wednesday, March 6, 2024 after market close, with a conference call to follow on Thursday, March 7, 2024 at 8:30am ET. Investors are invited to listen to the Company's conference call discussing the financial results for the fourth quarter and full year of 2023, on Thursday, March 7, 2024, at 8:30 a.m. Eastern Time, via webcast on the Company's website at Black Ri
Financial Highlights Increased Operational Execution Accelerating Path to Profitability Net Revenue Increased 33% in Q3 2023 to $100.5 million Gross Profit Increased 42% Wholesale Growth of 91% Year over Year Operating Expenses Drop to 41% of Revenue, compared to 52% in 2022 Net loss of $10.7 million and Adjusted EBITDA of $6.2 million compared to net loss of $16.1 million and Adjusted EBITDA loss of $5.8 million a year ago Profitability Expected to Continue Accelerating in Fourth Quarter BRC Inc. (NYSE:BRCC), a rapidly growing and mission-driven premium coffee company founded to support veterans, active-duty military, first responders and serve a broad custome
BRC Inc. (("The Company", "BRCC" or "Black Rifle Coffee Company", NYSE:BRCC), a rapidly growing and mission-driven premium coffee company founded to support Veterans, active-duty military, first responders and serve a broad customer base by connecting consumers with great coffee and a unique brand experience, today announced that it will report third quarter 2023 financial results after market close on Thursday, November 9, 2023. On that day, management will host a conference call and live webcast at 4:30 p.m. ET to discuss the financial results. Third Quarter 2023 Financial Results When: November 9, 2023 Time: 4:30 p.m. ET Live Call: (877) 407-0609 or (201) 689-8541 A webcast of
Telsey Advisory Group reiterated coverage of BRC Inc. with a rating of Outperform and set a new price target of $6.00 from $8.00 previously
ROTH MKM downgraded BRC Inc. from Buy to Neutral and set a new price target of $4.00 from $8.00 previously
Needham initiated coverage of BRC Inc. with a rating of Hold
Citigroup resumed coverage of BRC Inc. with a rating of Neutral and set a new price target of $10.00
Tigress Financial initiated coverage of BRC Inc. with a rating of Buy and set a new price target of $17.00
Raymond James downgraded BRC Inc. from Outperform to Mkt Perform
Deutsche Bank initiated coverage of BRC Inc. with a rating of Hold and set a new price target of $19.00
Guggenheim initiated coverage of BRC Inc. with a rating of Neutral
William Blair initiated coverage of BRC Inc. with a rating of Outperform
Truist Securities initiated coverage of BRC with a rating of Hold and set a new price target of $20.00