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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.
Revenue by Geographic Location
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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