Brilliant Earth Group, Inc. announced its financial results for the third quarter ended September 30, 2024, reporting net sales of $99.9 million, which fell within the company's guidance range. The company demonstrated strong operational efficiency, achieving an 11% year-over-year growth in repeat orders.
Profitability exceeded expectations, with the company's gross margin increasing by 230 basis points year-over-year to reach 60.8% in Q3 2024. GAAP Diluted EPS was reported at $(0.01), while Adjusted Diluted EPS stood at $0.02.
Following these results, Brilliant Earth raised its profitability guidance for the full fiscal year, signaling confidence in its continued performance. This marks the company's 13th consecutive quarter of profitability as a public company.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.