Brilliant Earth jumps as Q2 results top estimates

Brilliant Earth

11/08/2022 21:59

** Jewelry maker Brilliant Earth Group's shares  BRLT.O  up
more than 7% at $6.92 in after-hours trading
    ** BRLT posts Q2 revenue and profit above Wall Street
estimates, as demand for its diamonds, gemstones and jewelry
remained firm urn:newsml:reuters.com:*:nASA03LAW
    ** Net sales at BRLT, which caters chiefly to Gen-Z and
millennial consumers, jumps ~18% to $108.8 mln, topping
Refinitiv estimate of $107.8 mln
    ** Co reports Q2 adjusted EPS of 6 cents, while analysts
expected a profit of 4 cents per share; BRLT's gross margin also
improves by 460 basis points to 53.1%
    ** Still, co maintains its fiscal 2022 forecasts 
    ** As of last close, stock down ~64% YTD 

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))