Sequential Brands Group Announces Second Quarter 2019 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, Aug. 09, 2019 (GLOBE NEWSWIRE) -- Sequential Brands Group, Inc. (“Sequential” or the “Company”) (Nasdaq:SQBG) today announced financial results for the second quarter ended June 30, 2019. “Our second quarter results reflect a transformation currently underway at Sequential. The first phase of that transition included the completion of the divestiture of the Martha Stewart and Emeril Lagasse brands which occurred during the quarter. The second phase, which is currently underway, is right sizing our operational cost structure to ensure it is aligned with the current business. We are confident that we are on the right path to best position our business for 2020,” said Karen Murray, CEO of Sequential. Second Quarter 2019 Results from Continuing Operations: Total revenue from continuing operations for the second quarter ended June 30, 2019 was $26.4 million, compared to $33.1 million in the prior year quarter. On a GAAP basis, net loss from continuing operations for the sec
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