Sequential Brands Group Announces First Quarter 2020 Results
Sequential Brands Group, Inc. (SQBG)
Last sequential brands group, inc. earnings: 11/8 08:00 am
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US:NASDAQ Investor Relations:
ir.sequentialbrandsgroup.com
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Source: GlobeNewswire
NEW YORK, May 15, 2020 (GLOBE NEWSWIRE) -- Sequential Brands Group, Inc. (“Sequential” or the “Company”) (Nasdaq:SQBG) today announced financial results for the first quarter ended March 31, 2020. “While the coronavirus pandemic has significantly impacted the U.S. economy and the apparel and accessories industry, we plan to weather the storm by remaining laser focused on managing cash in-flows, instituting further expense reductions, and negotiating short-term lender relief. I believe that the steps we are taking, coupled with our diversified portfolio of brands and channels of distribution, will assist us in tackling these challenging times while we also explore opportunities that best position the Company for long-term success and maximize value,” said Sequential Brands Group CEO David Conn. First Quarter 2020 Results from Continuing Operations: Total revenue from continuing operations for the first quarter ended March 31, 2020 was $20.2 million, compared to $25.5 million in t
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