Brilliant Earth Q2 sales and EPS beat estimates; raises outlook

Brilliant Earth

06/08/2026 11:54

Overview
U.S. fine jewelry retailer's Q2 net sales rose 6%, beating analyst expectations
Adjusted EPS for Q2 was $0.03, beating analyst expectations
Company raised annual profitability guidance after strong Q2 performance

Outlook
Brilliant Earth sees Q3 net sales growth approximately flat y/y
Company expects Q3 adjusted EBITDA of $3 mln to $5 mln
Brilliant Earth raises annual adjusted EBITDA guidance to $13 mln-$15 mln
Company projects full-year net sales of $459 mln-$462 mln

Result Drivers
FINE JEWELRY BOOKINGS - Co said 32% y/y growth in fine jewelry bookings drove results, highlighting diversification beyond bridal
GROSS MARGIN IMPROVEMENT - Co reported a 360 bps sequential increase in gross margin, attributing it to business model agility
OPERATING EXPENSE LEVERAGE - Co said operating expenses as a percentage of net sales improved by 250 bps y/y, supporting profitability

Company press release: ID:nGNX5P2649

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$115.10 mln
$111.43 mln (5 Analysts)
Q2 Adjusted EPS
Beat
$0.03
-$0.004 (5 Analysts)
Q2 Net Income
 
$800,000
 
Q2 Adjusted EBITDA
 
$5.80 mln
 
Q2 Gross Margin
 
57.90%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "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 $1.54, about 48.1% above its August 5 closing price of $1.04
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 13 three months ago

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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.)