Earth Group

Brilliant Earth and Renowned Conservationist Dr. Jane Goodall Join Forces in Groundbreaking Partnership

Retrieved on: 
Wednesday, April 3, 2024
Brilliant Earth, Jane Goodall Institute, Health, Organization, Entrepreneurship, Partnership, Education, SAN, Gold, Female, Social responsibility, Nature, Courage, Collection, Woman, Jane Goodall, JGI, Brilliant, Earth Group, Renewable energy

This transformative partnership unites two female pioneers, Dr. Jane Goodall, renowned ethologist, conservationist, anthropologist and founder of the Jane Goodall Institute, and Beth Gerstein, Co-Founder and Chief Executive Officer of Brilliant Earth.

Key Points: 
  • This transformative partnership unites two female pioneers, Dr. Jane Goodall, renowned ethologist, conservationist, anthropologist and founder of the Jane Goodall Institute, and Beth Gerstein, Co-Founder and Chief Executive Officer of Brilliant Earth.
  • As champions of ethical practices and environmentalism, both Brilliant Earth and the Jane Goodall Institute are committed to creating a positive impact on the planet and its inhabitants.
  • “We are thrilled to partner with Dr. Jane Goodall and the Jane Goodall Institute,” says Beth Gerstein, Co-Founder and CEO of Brilliant Earth.
  • “I am delighted to partner with Brilliant Earth, a company that shares our values and dedication to ethical practices and environmental conservation,” says Jane Goodall.

Brilliant Earth Reports Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Thursday, March 14, 2024
SAN, Adjustment, AOV, Growth, Earth Group, Entrepreneurship, Video game

SAN FRANCISCO, March 14, 2024 (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 and twelve months ended December 31, 2023.

Key Points: 
  • SAN FRANCISCO, March 14, 2024 (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 and twelve months ended December 31, 2023.
  • Fourth Quarter and Fiscal Year 2023 Highlights (quarterly and annual periods ended December 31, 2023):
    Delivered record net sales of $124.3 million and $446.4 million in the fourth quarter and fiscal year, respectively
    Achieved a record level of orders in the quarter and year, growing 18% and 17% year-over-year, respectively
    Drove 28% year-over-year growth in Q4 product bookings, excluding engagement rings
    Expanded gross margin by 400 and 430 basis points to 58.7% and 57.6% for the fourth quarter and fiscal year, respectively, as compared to the same prior year periods
    Net income was $1.9 million and $4.7 million for the fourth quarter and fiscal year, respectively; and
    Adjusted EBITDA was $5.3 million and $26.2 million for the fourth quarter and fiscal year, respectively.
  • Continued omnichannel leadership: In 2023, Brilliant Earth opened 12 new showrooms, bringing its U.S. showroom count to 37 as of year end.
  • “In 2023 we again reported record net sales, orders and gross margins and completed our fourth consecutive year with positive adjusted EBITDA,” said Beth Gerstein, Co-Founder and Chief Executive Officer of Brilliant Earth.

Brilliant Earth Group, Inc. Announces $20 Million Share Repurchase Program

Retrieved on: 
Monday, December 11, 2023
Earth Group, Share repurchase, SAN

SAN FRANCISCO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an industry-disrupting global leader in ethically sourced fine jewelry, announced today that its Board of Directors has approved a share repurchase program with authorization to repurchase up to $20 million in shares of its Class A common stock.

Key Points: 
  • SAN FRANCISCO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an industry-disrupting global leader in ethically sourced fine jewelry, announced today that its Board of Directors has approved a share repurchase program with authorization to repurchase up to $20 million in shares of its Class A common stock.
  • “As a growth company, we are keenly focused on seizing value creation opportunities, including when we see an attractive buying opportunity for our common stock," said Beth Gerstein, co-Founder and Chief Executive Officer of the Company.
  • The Company may repurchase shares of Class A common stock from time to time through open market purchases, in privately negotiated transactions, or by other means, including through the use of trading plans, each in accordance with applicable securities laws and other restrictions.
  • The repurchase program does not obligate the Company to purchase any particular number of shares, will be effective through December 8, 2026, and may be suspended, terminated, or modified at any time for any reason, at the discretion of the Board of Directors.

Brilliant Earth Announces Participation in the Morgan Stanley Global Consumer & Retail Conference and the SHARE Series Women in Investing Event

Retrieved on: 
Friday, December 1, 2023
Earth Group, Woman, Conference, Brilliant, SAN

On December 5, 2023, the Company will hold investor meetings throughout the day at the Morgan Stanley Global Consumer & Retail Conference being held in New York, New York.

Key Points: 
  • On December 5, 2023, the Company will hold investor meetings throughout the day at the Morgan Stanley Global Consumer & Retail Conference being held in New York, New York.
  • On December 8, 2023, management will participate in a fireside chat at the SHARE Series Women in Investing event at 9:00 am ET.
  • The event will be held at the New York Stock Exchange, with an institutional and retail investor audience.
  • An archived replay will be available on the SHARE Series website for approximately one year following the event.

Brilliant Earth Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023
Growth, Earth Group, Brilliant, Sol Collective, SAN, Entrepreneurship, Brilliant Earth

SAN FRANCISCO, Nov. 09, 2023 (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 and nine months ended September 30, 2023.

Key Points: 
  • SAN FRANCISCO, Nov. 09, 2023 (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 and nine months ended September 30, 2023.
  • Delivered net sales of $114.2 million, a 2.5% increase year-over-year, and growth of 22% on a four-year CAGR basis
    "Our third quarter results highlight the power of Brilliant Earth's brand to drive share gains and sustainable profitable growth," said Beth Gerstein, Co-Founder and Chief Executive Officer.
  • "Most recently, the response to our largest national brand campaign in Company history, featuring our new Sol Collection, exceeded expectations and continues to further elevate and grow awareness of Brilliant Earth.
  • Third Quarter 2023 Operational Highlights:
    Strong growth in fine jewelry bookings compared to Q3 2022, with increasing fine jewelry average sales price year-over-year
    Exceeded goal of at least 35 showrooms in 2023 with 37 total showrooms as of September 30, 2023
    *Measured by Brilliant Earth’s September 2023 consumer survey.

Brilliant Earth to Report Third Quarter 2023 Results on November 9th

Retrieved on: 
Monday, October 16, 2023
Earth Group, Webcast, Earnings call, Brilliant Earth, SAN, Rare-earth element, Cryptocurrency, Mobile phone

SAN FRANCISCO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (NASDAQ: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced that it will report third quarter 2023 earnings results after the market closes on Thursday, November 9, 2023.

Key Points: 
  • SAN FRANCISCO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (NASDAQ: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced that it will report third quarter 2023 earnings results after the market closes on Thursday, November 9, 2023.
  • The Company will host an investor conference call and webcast to review these financial results and business outlook at 5:00pm ET/2:00pm PT on the same day.
  • The conference call can be accessed by using the following link: Brilliant Earth’s 3Q23 Earnings Call .
  • A replay of the event will be available on the Brilliant Earth investor website after the live webcast concludes.

Brilliant Earth Expands Retail Fleet to Luxury Mall Locations

Retrieved on: 
Thursday, August 31, 2023
Merchandising, Brilliant, Blockchain, Brilliant Earth, Earth Group, Collection, SAN, Roosevelt Field (airport), SVP, Westfield Galleria at Roseville, Interior design

“We are thrilled to open three new showrooms in premier mall locations nationwide,” said Kathryn Money, SVP of Merchandising and Retail Expansion.

Key Points: 
  • “We are thrilled to open three new showrooms in premier mall locations nationwide,” said Kathryn Money, SVP of Merchandising and Retail Expansion.
  • During appointments, Brilliant Earth’s expert jewelry specialists curate styles, determined by the customer’s pre-selected preferences, providing clients with a highly personalized shopping experience.
  • Brilliant Earth continues to optimize the customer experience, however they prefer to shop, whether in-person or online.
  • The investment Brilliant Earth is making in physical retail brings the Company’s showroom total to 37 locations.

Brilliant Earth Announces Participation in Goldman Sachs 30th Annual Global Retailing Conference and Piper Sandler Growth Conference

Retrieved on: 
Tuesday, August 29, 2023
Goldman Sachs, Earth Group, Goldman, Conference, SAN, Security (finance)

SAN FRANCISCO, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (NASDAQ: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced that the Company will participate in two upcoming investor conferences.

Key Points: 
  • SAN FRANCISCO, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (NASDAQ: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced that the Company will participate in two upcoming investor conferences.
  • On September 12, 2023, the Company will attend the Goldman Sachs 30th Annual Global Retailing Conference being held in New York, New York.
  • The Company will participate in a fireside chat presentation at 2:35pm ET and hold investor meetings throughout the day.
  • On September 13, 2023, the Company will attend the Piper Sandler Growth Frontiers Conference being held in Nashville, Tennessee.

Brilliant Earth Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023
Total order, Earth Group, Growth, Entrepreneurship, EBITDA, ...Continued, AOV, SAN, History, Video game, Brilliant Earth

SAN FRANCISCO, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovative, digital-first jewelry company and global leader in ethically sourced fine jewelry, today announced financial results for the three and six months ended June 30, 2023.

Key Points: 
  • SAN FRANCISCO, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovative, digital-first jewelry company and global leader in ethically sourced fine jewelry, today announced financial results for the three and six months ended June 30, 2023.
  • Second Quarter 2023 Highlights (quarterly period ended June 30, 2023):
    Delivered net sales of $110.2 million, a 1.3% increase from the prior year, achieving a record number of orders for the second quarter and reflecting growing demand for and resonance of the Brilliant Earth brand.
  • Expanded gross margin by 450 basis points to 57.6% for the second quarter, compared to the second quarter of 2022, driven by continued strong brand resonance, differentiated product offerings, performance of the Company's pricing engine, procurement efficiencies and benefits from the Company's enhanced extended warranty program.
  • Adjusted EBITDA was $7.7 million for the second quarter; and
    Continued omnichannel leadership: In the second quarter of 2023, Brilliant Earth opened four new showrooms, bringing its U.S. showroom count to 32 as of June 30, 2023.

Brilliant Earth Unveils Nature-Inspired Fine Jewelry Collaboration with Designer Logan Hollowell

Retrieved on: 
Tuesday, August 8, 2023
Merchandising, Brilliant, Brilliant Earth, Carat, Neck, Earth Group, Beauty, Collection, Nature, SAN, SVP, Jewellery

SAN FRANCISCO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced a capsule collection in collaboration with fine jewelry designer Logan Hollowell.

Key Points: 
  • SAN FRANCISCO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced a capsule collection in collaboration with fine jewelry designer Logan Hollowell.
  • “We’re thrilled to partner with Logan to launch this special collection that celebrates our collective commitment to ethical sourcing, timeless design, and craftsmanship,” says Kathryn Money, SVP of Merchandising and Retail for Brilliant Earth.
  • “I was instantly drawn to Brilliant Earth’s dedication to their mission and to the planet,” said Logan Hollowell, CEO and Founder of Logan Hollowell Fine Jewelry.
  • This collection expresses nature’s unrefined beauty, and I am delighted to have been able to partner with Brilliant Earth.”
    Styles from the Brilliant Earth x Logan Hollowell collection range from $795 to $10,000 and will be available to purchase exclusively at the Brilliant Earth Showrooms in Santa Monica and Brooklyn, and online at www.BrilliantEarth.com .