a.k.a. Brands Q3 2023 Earnings Report
Key Takeaways
a.k.a. Brands' net sales decreased by 9.6% to $140.8 million compared to the third quarter of 2022, but U.S. net sales grew by 2.0%. The company reported a net loss of $(70.4) million, and adjusted EBITDA was $4.7 million. They focused on strengthening the balance sheet through debt reduction and inventory management.
Net sales decreased 9.6% to $140.8 million compared to Q3 2022.
U.S. net sales increased 2.0% compared to Q3 2022.
Net loss was $(70.4) million, or $(6.58) per share.
Adjusted EBITDA was $4.7 million, or 3.3% of net sales.
a.k.a. Brands
a.k.a. Brands
a.k.a. Brands Revenue by Geographic Location
Forward Guidance
For the full year 2023, the company expects net sales between $550 million and $555 million and Adjusted EBITDA between $13.5 million and $15.5 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income