a.k.a. Brands Q4 2022 Earnings Report
Key Takeaways
a.k.a. Brands reported a decrease in net sales by 18.3% to $149.1 million and a net loss of $(173.9) million for the fourth quarter of 2022. The company's performance was affected by a promotional environment and strategic decisions to reduce marketing spend and tighten inventory.
Net sales decreased 18.3% to $149.1 million compared to Q4 2021.
Net loss was $(173.9) million, including a non-cash impairment charge of $173.8 million.
Adjusted EBITDA was $6.1 million, or 4.1% of net sales, compared to $16.1 million in Q4 2021.
The company is focusing on omnichannel initiatives, including a Princess Polly store and wholesale testing, for future growth.
a.k.a. Brands
a.k.a. Brands
Forward Guidance
For the full year fiscal 2023, the Company expects net sales between $570 million and $600 million and Adjusted EBITDA between $35 million and $37 million. For the first quarter of 2023, the Company expects net sales between $113 million and $116 million and Adjusted EBITDA between $1.5 million and $1.8 million.