a.k.a. Brands Holding Corp. Reports First Quarter 2024 Financial Results
a.k.a. Brands Holding Corp. (AKA)
Company Research
Source: Business Wire
U.S. Net Sales Grew 6% Compared to the First Quarter of 2023Active Customer Growth of 5.5% on a Trailing Twelve-Month Basis Compared to the First Quarter of 2023Strengthened Balance Sheet Year-over-Year Through Inventory Reduction of 19% and Debt Reduction of 22%On Track to Open Three Princess Polly Stores in 2024 SAN FRANCISCO--(BUSINESS WIRE)--a.k.a. Brands Holding Corp. (NYSE: AKA), a brand accelerator of next generation fashion brands, today announced financial results for the first quarter ended March 31, 2024.Results for the First QuarterNet sales decreased 3.0% to $116.8 million, compared to $120.5 million in the first quarter of 2023; down 1% on a constant currency basis1.In the U.S., net sales increased 6.2% compared to the first quarter of 2023.Net loss was $(8.9) million, or $(0.85) per share in the first quarter of 2024, compared to net loss of $(9.6) million, or $(0.89) per share in the first quarter of 2023.Adjusted EBITDA2 was $0.9 million in the first quarter of 202
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News
- a.k.a. Brands Holding Corp. (NYSE:AKA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- a.k.a. Brands Holding Corp. (NYSE: AKA) had its price target raised by analysts at Telsey Advisory Group from $11.00 to $22.00. They now have a "market perform" rating on the stock.MarketBeat
- a.k.a. Brands Holding Corp. to Report First Quarter 2024 Financial Results on May 8, 2024Business Wire
- Culture Kings Returns as an Official Partner of Rolling Loud CaliforniaBusiness Wire
- a.k.a. Brands Holding Corp. (NYSE: AKA) was downgraded by analysts at Truist Financial Co. from a "buy" rating to a "hold" rating. They now have a $10.00 price target on the stock, down previously from $12.00.MarketBeat
AKA
Earnings
- 5/8/24 - Miss
AKA
Sec Filings
- 5/16/24 - Form 8-K
- 5/14/24 - Form DEFA14A
- 5/8/24 - Form 10-Q
- AKA's page on the SEC website