Welcome to our dedicated page for A K A Brands Hldg news (Ticker: AKA), a resource for investors and traders seeking the latest updates and insights on A K A Brands Hldg stock.
a.k.a. Brands Holding Corp. reports news tied to its portfolio of next-generation fashion brands, including Princess Polly, Culture Kings, Petal & Pup and mnml. Company updates commonly cover quarterly and annual results, direct-to-consumer sales trends, merchandising activity, retail store expansion, wholesale channels and marketing aimed at consumers who discover fashion through social media and primarily shop online.
Recurring developments also include investor conference participation, financing and debt-related actions, sourcing and operational initiatives, and Princess Polly store growth in the United States. The company describes a data-driven “test and repeat” merchandising model used to introduce new and exclusive fashion across its brand portfolio.
a.k.a. Brands Holding Corp. (NYSE: AKA), a portfolio of next generation fashion brands, has announced its participation in the TD Cowen 9th Annual Future of the Consumer Conference. The company's Chief Executive Officer, Ciaran Long, will engage in a fireside chat on Tuesday, June 3, 2025, at 8:45 am Eastern Time. The event will be accessible via live webcast on the company's Investor Relations website, with an online archive available after the presentation.
a.k.a. Brands, a portfolio of next-generation fashion brands, has scheduled its first quarter 2025 financial results announcement for May 13, 2025, after market close.
The company will host a webcast with management at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). Investors and analysts can access the webcast through:
- Company website: ir.aka-brands.com
- Call-in numbers: (877) 858-5495 or (201) 689-8853
A replay of the conference call will be available about three hours after the call ends through May 20, 2025. Access the replay via:
- Company website: ir.aka-brands.com
- Replay numbers: (877) 660-6853 or (201) 612-7415 (international)
- Conference ID: 13753071
Princess Polly, part of a.k.a. Brands Holding Corp. (NYSE: AKA), has announced plans to open seven new U.S. stores in 2025, expanding its total store count to 13. The new locations will include stores in SoHo (NYC), Miami, Glendale, Columbus, White Plains, Garden City, and King of Prussia.
The fashion brand's expansion follows the success of its existing six stores. The new locations, spanning 4,000-5,000 square feet, will feature the brand's signature elements including selfie mirrors and unique furniture installations. Four stores are scheduled to open in the first half of 2025, with the remaining locations launching in the second half.
Each store opening will be celebrated with grand opening events featuring prizes, giveaways, and special offers. The expansion represents Princess Polly's commitment to its hybrid retail strategy, aiming to enhance customer engagement through physical retail presence.
a.k.a. Brands (NYSE: AKA) reported strong Q4 2024 results with net sales increasing 6.8% to $159.0 million, driven by impressive U.S. growth of 21.6%. The company posted a net loss of $(9.4) million, or $(0.88) per share, improving from $(13.9) million loss in Q4 2023.
For full-year 2024, net sales grew 5.2% to $574.7 million, with Adjusted EBITDA reaching $23.3 million (4.1% of net sales). Princess Polly's expansion continues with plans to open seven new stores in 2025, including its first NYC location. Both Princess Polly and Petal & Pup will expand to all Nordstrom locations in Q1 2025.
Looking ahead, the company projects 2025 net sales between $600-610 million and Adjusted EBITDA between $27.5-29.5 million. Q1 2025 guidance expects net sales of $121-124 million with Adjusted EBITDA of $1.5-2.0 million.
a.k.a. Brands Holding Corp. (NYSE: AKA) announced it will report its fourth quarter and fiscal 2024 financial results on March 6, 2025, after the market close.
The company will host a webcast call with management at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) on the same day. The webcast will be accessible through the company's website at ir.aka-brands.com. Investors and analysts can join the call by dialing (877) 858-5495 or (201) 689-8853.
A replay of the conference call will be available approximately three hours after the call's conclusion on the company's website or by dialing (877) 660-6853 or (201) 612-7415 for international callers, using conference ID 13751373. The replay will be accessible until March 13, 2025.
a.k.a. Brands (NYSE: AKA) announced preliminary Q4 and fiscal 2024 results, showing strong growth. Q4 net sales increased 6.8% to $159.0 million, with U.S. sales up 21.6% to $96.1 million. The company raised its Q4 adjusted EBITDA guidance to between $6.0-6.2 million, up from $1.3 million in Q4 2023.
For full-year 2024, net sales grew 5.2% to $574.7 million, with U.S. sales increasing 16.9% to $368.8 million. Full-year adjusted EBITDA is expected between $23.0-23.2 million, compared to $13.8 million in 2023.
The company reported expansion of its omnichannel initiatives, with Petal & Pup expected to be available in all Nordstrom stores, and Princess Polly opening two new stores in California with plans for a New York City location.
a.k.a. Brands (NYSE: AKA) has appointed Ciaran Long as permanent Chief Executive Officer, following his interim role since March 2023. Under Long's leadership, the company achieved significant milestones, including a return to net sales growth and three consecutive quarters of double-digit U.S. sales expansion.
Long brings 25 years of financial leadership experience, previously serving as CFO of Samsclub.com and holding leadership positions at Walmart's eCommerce division, CBS, CNET Networks, and KPMG. The company also promoted Kevin Grant to Chief Financial Officer, who has been serving as Global Controller since April 2021 and brings over 20 years of accounting and finance experience.
The company plans to continue expanding its portfolio of four fashion brands across channels and geographies, with intentions to add more brands over time.
a.k.a. Brands Holding Corp. (NYSE: AKA), a brand accelerator of next generation fashion brands, has announced its participation in the 27th Annual ICR Conference at Grande Lakes Orlando in Orlando, FL. The company's management will deliver a presentation on Monday, January 13, 2025, at 1:00 p.m. Eastern Time. The presentation will be accessible via live webcast on the company's Investor Relations website, with an online archive available afterward.
a.k.a. Brands Holding Corp. (NYSE: AKA) reported its Q3 2024 financial results. Net sales rose 6.4% to $149.9 million from Q3 2023, with U.S. sales up 19.5%. The company saw a net loss of $(5.4) million, or $(0.51) per share, an improvement from the $(70.4) million loss in Q3 2023. Adjusted EBITDA grew to $8.2 million, a 75% increase. Active customers grew 14.1% over the past twelve months.
Princess Polly opened three stores in 2024 and plans to open its first NYC store in early 2025. Petal & Pup expanded into 40 Nordstrom stores. Gross margin improved to 58.0% from 55.4%, driven by full-price selling.
However, selling, marketing, and G&A expenses increased. Debt rose to $111.9 million, and cash flow from operations was negative at $(6.3) million. For fiscal 2024, the company expects net sales between $567 million and $572 million, and adjusted EBITDA between $22 million and $23 million.