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Dec 31, 2024
a.k.a. Brands Q4 2024 Earnings Report
a.k.a. Brands reported revenue growth of 6.8% in Q4 2024, with improved gross margin and a reduced net loss compared to the previous year.
Key Takeaways
a.k.a. Brands posted Q4 2024 revenue of $159.0 million, reflecting a 6.8% year-over-year increase driven by a 21.6% rise in U.S. sales. Gross margin improved to 55.9% from 51.3% in Q4 2023, supported by higher full-price sales and a better inventory position. The company reported a net loss of $9.4 million, narrowing from a $13.9 million loss in the prior year. Adjusted EBITDA rose significantly to $6.2 million from $1.3 million, reflecting stronger operational efficiency.
Revenue grew 6.8% year-over-year to $159.0 million, led by a 21.6% increase in U.S. sales.
Gross margin expanded to 55.9%, driven by improved pricing and inventory management.
Net loss narrowed to $9.4 million from $13.9 million in Q4 2023.
Adjusted EBITDA rose to $6.2 million, compared to $1.3 million in the prior year.
a.k.a. Brands
a.k.a. Brands
a.k.a. Brands Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.comAustralia & New Zealand Revenue
CapyFin.comRest of World Revenue
CapyFin.com Forward Guidance
For fiscal year 2025, a.k.a. Brands expects net sales between $600 million and $610 million, with adjusted EBITDA projected to range from $27.5 million to $29.5 million. The company is focused on expanding its customer base and growing its omnichannel presence.
Positive Outlook
- Forecasted revenue growth to $600M-$610M for fiscal 2025.
- Expected adjusted EBITDA increase to $27.5M-$29.5M.
- Seven new Princess Polly stores to open in 2025, including in New York City.
- Expanded wholesale presence with Nordstrom, increasing brand reach.
- Continued focus on operational efficiency and inventory management improvements.
Challenges Ahead
- Australia/New Zealand sales declined 9.6% year-over-year.
- Debt increased to $111.7 million, up from $93.4 million in Q4 2023.
- Marketing expenses rose to $22.3 million from $17.3 million, impacting profitability.
- Net loss remains significant at $9.4 million despite improvements.
- Challenges in international sales, with rest-of-world revenue down 13.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income