Social media sensation and makers of the famed Blackstone Griddle, Blackstone Products beat guidance for their Q4 2021 earnings that were released today. They had originally guided back in December 2021, that revenue would come in over $450 million and actuals came in 8% higher at $484 million. This is despite increased competition in the griddle segment by other manufacturers.
Blackstone Products has seen explosive growth ahead of their announced SPAC merger with Ackrell SPAC Partners in Q2 2022, where they’re set to go public. Overall financial highlights include a 65% increase in year-over-year revenue and a 74% increase in year-over-year gross profit. Adjusted EBITDA increased 120% from 2020 to $70 million.
