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When used in this report, the terms we, us, our, BRCC, Black Rifle Coffee, Black Rifle Coffee Company, and the Company mean BRC Inc. and its consolidated subsidiaries, collectively, unless the context otherwise requires. Company Overview Black Rifle Coffee Company is a Veteran-founded and led premium coffee, and energy drink, company operating through one reportable segment composed of three pr…
The business is unprofitable at the operating level (-6.18% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 1.7%, essentially flat. Margins also contracted 7.2pp. This is a business that needs a catalyst.
Free cash flow declined 610% versus the prior year, cash generation momentum has weakened. ROIC dropped from 3.16% to -17.86%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$418M
▲ +1.7% YoY
Net Income (TTM)
-$4M
▼ -303.6% YoY
Op. Margin
1.63%
▼ -7.2pp YoY
ROIC
6.10%
▼ -21.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▼ -609.8% YoY
Op. Cash Flow (TTM)
$1M
▼ -186.8% YoY
Net Debt
$51M
Cash & Equiv.
$10M
5Y CAGR: +19.4%
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