Overview

* Brilliant Earth ( BRLT ) Q3 net sales grow 10% yr/yr

* Company, which deals with ethically sourced fine jewelry, achieves 57.6% gross margin, consistent with medium-term target

* Brilliant Earth ( BRLT ) reports 17th consecutive quarter of positive adjusted EBITDA

Outlook

* Brilliant Earth ( BRLT ) expects full-year net sales growth of 3% to 4.5%

* Company anticipates full-year adjusted EBITDA margin of 2% to 3%

* Brilliant Earth ( BRLT ) confident in strong consumer demand entering holiday season

Result Drivers

* ENGAGEMENT RINGS - Return to bookings growth in engagement rings with increased average selling price

* FINE JEWELRY - 45% year-over-year bookings growth in fine jewelry

* GROSS MARGIN - Achieved 57.6% gross margin despite high metal prices and tariffs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $110.30 $108.59

mln mln (6

Analysts

)

Q3 Net -$700,00

Income 0

Q3 $3.60

Adjusted mln

EBITDA

Q3 Gross 57.60%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the apparel & accessories retailers peer group is "buy."

* Wall Street's median 12-month price target for Brilliant Earth Group Inc ( BRLT ) is $2.20, about 16.4% below its November 4 closing price of $2.56

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)