NYSE:BRCCFood
Black Rifle Coffee (BRC) Stock Faces Margin Questions Despite Free Cash Flow Turnaround
BRC stock walked into this earnings print treading water. The share price has gone nowhere on the day at about US$1.05, even after a year that left holders facing double digit declines.
The business story looks very different. Black Rifle Coffee Company just put up roughly US$107 million of Q2 revenue and turned in positive free cash flow of about US$5.4 million. Gross margin edged into the mid 30s and adjusted EBITDA reached about US$6.3 million. For a company still working through losses,...