BRC Inc
NYSE:BRCC

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BRC Inc
NYSE:BRCC
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Price: 0.8069 USD 0.27%
Market Cap: $200.7m

BRC Inc
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 3, 2026
AI Summary
Q4 2025

Packaged Coffee: Packaged coffee accelerated — full year growth 31.1% with Q4 up 34% and bagged market share at 3.3% (up 60 bps), driven by distribution gains and stronger shelf velocity.

Retail Strategy: "Land-and-expand" is working — national ACV reached 54.9% (up ~8 points) and grocers added on average ~2 incremental SKUs in 2025, improving shelf productivity at a premium price point.

Margins & Costs: Gross margin pressure in 2025 (Q4 gross margin 32.1%, down 610 bps YoY) was driven mainly by coffee inflation and tariffs (~420 bps in Q4); company expects 2026 gross margin of 34%–36%.

2026 Outlook: Revenue guidance of at least 7% (~$425 million) and Q1 at least 10% growth; EBITDA expected to grow at least 30% above 2025's $21.4 million (i.e., substantial EBITDA expansion).

Product Adjacent Growth: RTD ACV expanded to 55.9% but C‑store weakness pressured RTD results; Energy launched to ~22% ACV (~20,000 doors) with a focused, region-first scaling plan.

Cost discipline & balance sheet: Operating expense cuts and restructuring trimmed costs (ex‑items opex down 7%); debt down to $39 million with >$50 million liquidity after a July equity raise.

Key Financials
Packaged coffee growth (FY 2025)
31.1%
Packaged coffee growth (Q4 2025)
34%
Bagged coffee market share (national)
3.3%
Pods market share (national)
2.2%
Units growth (packaged coffee, 2025)
more than 22%
All commodity value (ACV) - overall distribution
54.9%
ACV - ready‑to‑drink (RTD)
55.9%
ACV - energy
approximately 22%
Retail doors for energy (2025)
nearly 20,000
Net revenue growth (full year, excluding certain items)
2%
Wholesale segment growth (FY 2025)
5%
Direct‑to‑consumer (DTC) revenue (FY 2025)
declined 5%
Gross margin (Q4 2025)
32.1%
Gross margin (FY 2025)
34.6%
Gross margin guidance (2026)
34% to 36%
Gross margin headwind from coffee inflation & tariffs (Q4 2025)
approximately 420 basis points
Gross margin headwind from coffee inflation & tariffs (FY 2025)
approximately 350 basis points
One‑time margin items impact (Q4 2025)
270 basis points (startup costs + noncash impairment)
Productivity & favorable mix impact (Q4 2025)
170 basis points
Coffee price (recent and reference)
peaked near $3.75/lb then declined into the high $2 range; current cited level $2.83/lb
Operating expenses (reported, Q4/ FY 2025)
increased 1% year‑over‑year (reported); excluding nonrecurring items, opex lower by 7%
Marketing expense (2025)
decreased 10%
G&A expense (Q4 2025)
increased 28% (but excluding nonrecurring items decreased 25%)
Headcount change (2025)
reduced approximately 15%
Total debt outstanding (end of year)
$39 million
Net debt to 25% adjusted EBITDA (metric reported)
approximately 1.8x
Net debt to adjusted EBITDA (based on 2026 guidance)
approximately 1.4x
Total liquidity (cash + available capacity)
more than $50 million
Cash used in operating activities (2025)
approximately $10 million
Revenue guidance (2026)
at least 7% growth (approximately $425 million)
Q1 revenue growth expectation (2026)
at least 10% growth
EBITDA (FY 2025)
$21.4 million
EBITDA growth target (2026)
at least 30% growth
Earnings Call Recording
Other Earnings Calls

Management

Mr. Evan Hafer
Executive Chairman
No Bio Available
Mr. Christopher Mondzelewski
President, CEO & Director
No Bio Available
Mr. Stephen M. Kadenacy
CFO & Principal Accounting Officer
No Bio Available
Mr. Joseph E. Reece J.D.
Chairman
No Bio Available
Mr. Christopher John Clark
Chief Technology & Operations Officer
No Bio Available
Mr. Tanner Doss
Vice President of Investor Relations
No Bio Available
Mr. Andrew J. McCormick J.D.
General Counsel & Corporate Secretary
No Bio Available
Mr. Mat Best
Chief Branding Officer
No Bio Available
Ms. Danya Kennedy
Chief Revenue Officer
No Bio Available

Contacts

Address
UTAH
SALT LAKE CITY
1144 S 500 W Building 2, Suite 285
Contacts
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