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Sep 30, 2023
a.k.a. Brands Q3 2023 Earnings Report
a.k.a. Brands reported third quarter financial results, showing a decrease in net sales but growth in U.S. net sales and progress in strengthening the balance sheet.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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