Brilliant Earth beats Q1 sales estimates on growth in fine jewelry bookings

Brilliant Earth

06/05/2026 21:41

Overview

U.S. fine jewelry retailer's Q1 net sales rose 6% yr/yr, beating analyst expectations

Adjusted EBITDA for Q1 was negative, reflecting higher operating expenses and investments

Gross margin declined to 54.3% amid higher precious metal prices and tariffs

Outlook

Brilliant Earth sees Q2 net sales growth in positive low-single-digit % Y/Y

Company expects Q2 adjusted EBITDA of $0.5 mln to $2 mln

Brilliant Earth sees full-year net sales growth in positive mid-single-digit % Y/Y

Result Drivers

FINE JEWELRY BOOKINGS - Co reported 33% yr/yr growth in fine jewelry bookings, citing continued success in diversifying beyond bridal

RETAIL EXPANSION - Opening of Beverly Hills flagship showroom contributed to strong retail orders and foot traffic

GROSS MARGIN PRESSURE - Co said gross margin declined due to higher precious metal prices and tariffs

Company press release: ID:nGNXbSMQbW

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$99.50 mln
$98.16 mln (6 Analysts)
Q1 Net Income
-$8.50 mln
Q1 Adjusted EBITDA
-$4.70 mln
Q1 Gross Margin
54.30%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "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 is $1.68, about 16.3% above its May 5 closing price of $1.44

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)