Brilliant Earth Group IncBRLT
▲ PositiveCapitalrelevance
Strong Q2 results with sales up 6% and raised guidance, plus asset-light model and no debt.
Impact on stocks 1
Consumer Discretionary
Brilliant Earth Group IncBrilliant Earth Group reported second-quarter net sales of $115 million, up 6% year over year and above guidance, with adjusted EBITDA of $5.8 million and gross margin just under 58%. The company ended the quarter with $75 million in cash and no debt. Fine jewelry bookings surged 32% year over year, representing about 18% of total bookings, and the company expanded to 43 showrooms. CFO Jeffrey Kuo highlighted the asset-light model and strong showroom performance, with most openings driving double-digit metro-area booking increases. For the full year, Brilliant Earth expects net sales of $459 million to $462 million and adjusted EBITDA of $13 million to $15 million, targeting profitable growth in 2026.
Brilliant Earth Group IncStrong Q2 results with sales up 6% and raised guidance, plus asset-light model and no debt.