Brilliant Earth Reports First Quarter ResultsDelivered 6% Y/Y Net Sales Growth at High End of Guidance Range and Exceeding Analyst Consensus Drove 33% Y/Y Bookings Growth in Fine Jewelry Opened First Flagship Location in Beverly Hills Reiterates Annual Guidance SAN FRANCISCO, May 06, 2026 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced financial results for the three months ended March 31, 2026. First Quarter 2026 Highlights (quarterly period ended March 31, 2026): Delivered Net Sales of $99.5 million in the first quarter, at the high end of guidance range and exceeding analyst consensus Total orders and AOV each grew year-over-year 3% Average Selling Price (ASP) grew year-over-year across the assortment in Q1 Drove another strong quarter of fine jewelry bookings, with 33% year-over-year bookings growth, highlighting continued success in diversification beyond bridal heritage Opened first flagship showroom in Beverly Hills, with impressive initial performance including strong retail orders and foot traffic Achieved Gross Margin of 54.3% in the first quarter, within mid-50s target, while navigating headwinds in precious metal prices and tariffs, demonstrating the agility of the Company's business model Drove 90 basis points of year-over-year leverage in marketing expense as a percentage of Net Sales while continuing to make strategic investments in building brand awareness Delivered profitability in the upper half of the Company's Adjusted EBITDA guidance range: GAAP Net loss was $8.5 million for the first quarter 2026; and Adjusted EBITDA was negative $4.7 million for the first quarter 2026 "We're pleased with our first quarter results, with Net Sales at the high end and Adjusted EBITDA in the upper half of our guidance.
GlobeNewsWire5/6/2026Neutral