BRC Inc.'s third quarter 2026 revenue of $108M beat estimates while gross margins expanded to 37%

BRC Inc. reported third quarter 2026 revenue of $108.0 million, surpassing analyst estimates of $105.89 million, driven by robust wholesale expansion and the fourth consecutive quarter of direct-to-consumer (DTC) growth. While the company reported a net loss of $8.7 million—primarily due to $11.7 million in asset impairments related to its new "Project Core" restructuring—Adjusted EBITDA grew 12.3% to $9.5 million.

Key Highlights

• Gross margin reached 37.1%, exceeding the 36% target, supported by $3.5 million in tariff refunds and strategic pricing actions.
• Wholesale revenue grew 8.1% to $72.5 million, fueled by entry into the dollar channel and distribution gains in traditional grocery.
• Project Core initiatives included the closure of 12 company-operated outposts and the sale of the Manchester roasting facility to transition toward an asset-light model.