Brilliant Earth Group, Inc. (NASDAQ:BRLT) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET

Company Participants

Colin Borland - VP of Strategy and Business Development
Beth Gerstein - CEO
Jeffrey Kuo - CFO

Conference Call Participants

Thomas Nass - TD Cowen
Ashley Owens - KeyBanc Capital Markets
Dylan Carden - William Blair

Operator

Thank you for standing by, and welcome to the Brilliant Earth Second Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, today's program is being recorded.

And now I'd like to introduce your host for today's program, Colin Borland. Please go ahead.

Colin Borland

Thank you, and good afternoon, everyone. Welcome to Brilliant Earth second quarter 2024 earnings conference call.

Joining me today are Beth Gerstein, our Chief Executive Officer; and Jeffrey Kuo, our Chief Financial Officer.

During the call today, management will make certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results could differ materially.

Please refer to our SEC filings for a description of the risks that could cause our actual performance and results could differ materially from those expressed or implied in these forward-looking statements. These forward-looking statements reflect our opinion only as of the date of this call, and we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events unless required by law.

Also, during this call, management will refer to certain non-GAAP financial measures. A reconciliation of Brilliant Earth's non-GAAP measures to comparable GAAP measures is available in today's earnings release, which can be found on the Brilliant Earth's Investor Relations website.

I'll now turn the call over to Beth.

Beth Gerstein

Good afternoon, and thank you for joining us today.

I'm pleased to report that we continue to drive the progress of our strategic initiatives and deliver another quarter of profitability. This is our 12th consecutive quarter of profitability as a public company and something I'm very proud of. It's a testament to the talent and hard work of our incredible team, and I want to thank them for their dedication. As we are all seeing, we continue to observe challenges within the $300 billion jewelry industry, particularly highlighted by ongoing and increased promotional activity.

Our ability to manage with both agility and discipline within this environment is reflected in our results that were within our net sales guidance and exceeded our profitability guidance for the quarter. I'll start with some highlights of our Q2 performance and update you on the progress we're making on our key priorities.