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Mar 31, 2024
a.k.a. Brands Q1 2024 Earnings Report
a.k.a. Brands reported financial results for the first quarter ended March 31, 2024.
Key Takeaways
a.k.a. Brands' net sales decreased by 3.0% to $116.8 million compared to the first quarter of 2023, but increased by 6.2% in the U.S. Net loss was $(8.9) million, or $(0.85) per share, compared to a net loss of $(9.6) million, or $(0.89) per share in the first quarter of 2023. Adjusted EBITDA was $0.9 million in the first quarter of 2024, compared to $2.2 million in the first quarter of 2023.
Net sales decreased 3.0% to $116.8 million, compared to $120.5 million in the first quarter of 2023.
U.S. net sales increased 6.2% compared to the first quarter of 2023.
Net loss was $(8.9) million, or $(0.85) per share in the first quarter of 2024, compared to net loss of $(9.6) million, or $(0.89) per share in the first quarter of 2023.
Active customer growth of 5.5% on a trailing twelve-month basis compared to the first quarter of 2023.
Revenue by Geographic Location
Forward Guidance
For the second quarter of 2024, the Company expects net sales between $133 million and $138 million and Adjusted EBITDA between $4.5 million and $5.5 million. For the full year fiscal 2024, the Company now expects net sales between $545 million and $555 million and Adjusted EBITDA between $17 million and $19 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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