Brilliant Earth Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:20 pm EST
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Brilliant Earth Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 114.15 million compared to USD 111.41 million a year ago. Net income was USD 0.245 million compared to USD 0.646 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.05 a year ago.
For the nine months, sales was USD 322.04 million compared to USD 320.25 million a year ago. Net income was USD 0.341 million compared to USD 1.43 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.1 a year ago.
Brilliant Earth Group, Inc. is an omnichannel fine jewelry company. The Company designs, procures and sells diamonds, gemstones, and jewelry online and through more than 35 showrooms operating within the United States. It offers curated collections of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. Its diamond engagement rings are made-to-order through its Create Your Own ring digital tool. Customers choose their ideal ring setting, precious metal type, and ring size, and select Beyond Conflict Free natural diamond or lab-grown diamond to create their one-of-a-kind ring. Its collection of wedding and anniversary rings includes classic precious metal bands and bands accented with diamonds or gemstones. Its collection of fine jewelry includes earrings, necklaces, and bracelets. It offers an assortment for gifting and self-purchase, from classic diamond stud earrings and tennis bracelets to unique pendants and distinctive gemstone styles.
BRILLIANT EARTH GROUP, INC. 
