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BRLT / Brilliant Earth shares fall as consumers hold off on big purchases

Shares of jeweler Brilliant Earth Group Inc. BRLT, -25.33% sank 23.6% in Friday trading as consumers pull back on big purchases during a period of sky-high inflation and global unrest. "Despite a solid 1Q22 EPS, Brilliant Earth lowered FY22 guidance reflecting moderating growth from consumers pausing on making big purchases amid macro uncertainties," wrote Cowen analysts, who maintained their outperform stock rating but slashed the price target to $10 from $21. Read More

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Brilliant

Earth

Fall

Consumers

Hold

Purchases

Stock

BRLT

Posted: May 13 2022, 10:47

Author Name: Market Watch

BRLT News

By Zacks Investment Research
September 15, 2023

Brilliant Earth Group, Inc. (BRLT) Loses -9.63% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

The heavy selling pressure might have exhausted for Brilliant Earth Group, Inc. (BRLT) as it is technically in oversold territory now. In addition to

By Seeking Alpha
September 1, 2023

Brilliant Earth Q2: Diamond In The Making, Reiterate Buy

Brilliant Earth continues to drive sustained earnings growth and its recent Q2 results underline its improved track record. It reaffirmed its sales gu

By Seeking Alpha
August 9, 2023

Brilliant Earth Group, Inc. (BRLT) Q2 2023 Earnings Call Transcript

Brilliant Earth Group, Inc. (NASDAQ:BRLT ) Q2 2023 Earnings Conference Call August 9, 2023 5:00 PM ET Company Participants Allison Malkin - ICR Beth G

By Seeking Alpha
July 2, 2023

Brilliant Earth: Resilient Amidst The Storm, Buy

Brilliant Earth Group is a perfect intersection of innovative technology model, new age jewellery and sustainability. Despite current macro economic c

By Forbes
June 16, 2023

How Signet, Brilliant Earth And Kendra Scott Will Manage A Bridal Jewelry Market Gone Sideways

These three major jewelers, Signet, Brilliant Earth and Kendra Scott, are taking different paths to overcome an engagement gap that is cutting sales o

By Seeking Alpha
May 11, 2023

Brilliant Earth Group, Inc. (BRLT) Q1 2023 Earnings Call Transcript

Brilliant Earth Group, Inc. (NASDAQ:BRLT ) Q1 2023 Earnings Conference Call May 11, 2023 12:00 PM ET Company Participants Allison Malkin - ICR Beth Ge

By GlobeNewsWire
April 27, 2023

Brilliant Earth to Report First Quarter 2023 Financial Results on May 11th

SAN FRANCISCO, April 27, 2023 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovati

By Seeking Alpha
April 13, 2023

Brilliant Earth Is In A Very Uncertain Environment

Brilliant Earth is an environmentally sustainable jeweler catering to younger, tech-savvy consumers. It's marketing strategy and branding is highly co

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