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Sep 30, 2024
a.k.a. Brands Q3 2024 Earnings Report
Net sales increased by 6.4%, with U.S. net sales up 19.5%, and active customer growth of 14.1%.
Key Takeaways
a.k.a. Brands reported a strong third quarter, exceeding top and bottom-line expectations. Net sales increased by 6.4% to approximately $150 million, driven by a 19.5% increase in U.S. net sales. Adjusted EBITDA increased by 75% to over $8 million.
Net sales increased 6.4% to $149.9 million compared to Q3 2023.
U.S. net sales increased 19.5% compared to Q3 2023, reaching $100 million.
Net loss was $(5.4) million, an improvement compared to net loss of $(70.4) million in Q3 2023.
Adjusted EBITDA was $8.2 million, a 75% increase compared to $4.7 million in Q3 2023.
a.k.a. Brands
a.k.a. Brands
a.k.a. Brands Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.com Forward Guidance
For the full fiscal year 2024, the Company now expects net sales between $567 million and $572 million and Adjusted EBITDA between $22 million and $23 million.
Positive Outlook
- Net sales between $567 million and $572 million
- Adjusted EBITDA between $22 million and $23 million
- Weighted average diluted share count of 10.6 million
Challenges Ahead
- Foreign exchange rates remaining at the current levels
- The opening of three Princess Polly stores in the fourth quarter of 2024
- Continued macroeconomic pressures, specifically in Australia and New Zealand