a.k.a. Brands Holding Corp. Reports Fourth Quarter and Full Year 2023 Financial Results
a.k.a. Brands Holding Corp. (AKA)
Company Research
Source: Business Wire
U.S. Net Sales Grew ~12% Compared to the Fourth Quarter of 2022Strengthened Balance Sheet Through $50.7 Million Debt Paydown in FY23Scaling Omnichannel Strategy through Additional Stores, Marketplace and Wholesale Opportunities 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 fourth quarter and full year ended December 31, 2023.Fourth Quarter Financial HighlightsNet sales decreased 0.1% to $148.9 million, compared to $149.1 million in the fourth quarter of 2022; and was flat on a constant currency basis1.In the U.S., net sales increased 11.6% compared to the fourth quarter of 2022.Net loss was $(13.9) million, or $(1.31) per share, and (9.3%) of net sales in the fourth quarter of 2023, compared to net loss of $(173.9) million, or $(16.26) per share, and (116.6%) of net sales in the fourth quarter of 2022.Adjusted EBITDA2 was $1.3 million, or 0.9% of net s
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News
- a.k.a. Brands Holding Corp. to Report First Quarter 2024 Financial Results on May 8, 2024Business Wire
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- 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
- a.k.a. Brands Holding Corp. (NYSE: AKA) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $8.00 price target on the stock.MarketBeat
- a.k.a. Brands Holding Corp. to Report Fourth Quarter and Fiscal 2023 Financial Results on March 7, 2024Business Wire
AKA
Earnings
- 3/7/24 - Beat
AKA
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form 3
- 4/24/24 - Form ARS
- AKA's page on the SEC website