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Mar 31, 2022
a.k.a. Brands Q1 2022 Earnings Report
a.k.a. Brands reported first quarter financial results
Key Takeaways
a.k.a. Brands Holding Corp. announced strong first-quarter results, exceeding expectations with net sales increasing by 115.6% to $148.3 million. The company's active customers grew by 46% to over 3.8 million, driven by the U.S. market's strong growth. Despite global macro headwinds, a.k.a. Brands remains confident in delivering growth and profitability.
Net sales increased 115.6% to $148.3 million, or 23.6% pro-forma adjusting for the acquisition of Culture Kings.
Net income was $1.5 million or $0.01 per share.
Active customers increased by 46% to over 3.8 million on a pro-forma basis.
Adjusted EBITDA was $10.7 million, or 7.2% of net sales.
Revenue by Geographic Location
Forward Guidance
For the full year fiscal 2022, the Company expects net sales between $785 million and $805 million and Adjusted EBITDA of between $90 million and $100 million. For the second quarter of 2022, the Company expects net sales between $173 million and $177 million and Adjusted EBITDA of between $16 million and $17 million.
Challenges Ahead
- Continued global supply chain challenges
- Air freight prices remaining elevated in 2022
- FX rate moderating in the back half of the year
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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