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a.k.a. Brands Holding Corp. (NYSE: AKA) generates a steady flow of news as a portfolio of next generation fashion brands operating in the electronic shopping segment. Company announcements frequently focus on financial results, strategic initiatives and developments across its brands Princess Polly, Culture Kings, Petal & Pup and mnml.
Investors following AKA news can expect regular quarterly earnings releases, where the company reports net sales, gross margin, operating expenses, net income or loss and non-GAAP measures such as Adjusted EBITDA. These releases often include commentary from management on trends in key regions, active customer growth, omnichannel expansion and the performance of direct-to-consumer and wholesale channels.
News items also cover strategic and capital structure developments. For example, the company has announced the refinancing of its credit facility through an Amended and Restated Syndicated Facility Agreement, which extended the maturity of its term loan and revolving credit commitments. Such updates provide insight into the company’s financial flexibility and debt profile.
In addition, a.k.a. Brands issues press releases about participation in investor conferences and fireside chats hosted by financial institutions, giving context on how management presents the business to the investment community. Brand-level milestones, such as Princess Polly’s certification as a B Corporation, are also highlighted and illustrate initiatives around social and environmental performance within the portfolio.
This news page aggregates these types of updates so readers can review earnings announcements, conference participation, financing developments and brand-focused news related to a.k.a. Brands and its portfolio. For those tracking AKA, revisiting this feed provides a way to monitor how the company describes its progress on strategic priorities and brand growth over time.
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 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.
Princess Polly, part of a.k.a. Brands Holding Corp. (NYSE: AKA), announced plans to open a new store in New York City's SoHo neighborhood in early 2025. The 8,000-square-foot location at 514 Broadway will feature over 5,000 styles across two levels, including apparel, footwear, and accessories. The store will include Instagrammable spaces, a permanent photo booth, LED screens, and 12 fitting rooms. This expansion follows the brand's first physical location in Los Angeles in 2023 and planned openings in Scottsdale, San Diego, Boston, Santa Clara, and Orange County, marking significant growth in Princess Polly's U.S. brick-and-mortar presence.
a.k.a. Brands (NYSE: AKA) has announced it will release its third quarter 2024 financial results after market close on Thursday, November 7, 2024. The company will host a webcast with management at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). Investors can access the webcast through the company's website at ir.aka-brands.com or join via phone. A replay will be available until November 14, 2024, through the website or by calling the provided numbers.
a.k.a. Brands Holding Corp. (NYSE: AKA), a brand accelerator of next generation fashion brands, has announced its participation in the upcoming Sidoti Micro Cap Conference. Interim CEO and CFO Ciaran Long is scheduled to present on Wednesday, August 14, 2024, at 3:15 pm Eastern Time.
The presentation will be webcast live and can be accessed on the company's Investor Relations website at https://ir.aka-brands.com. An online archive of the presentation will also be available on the site following the event.
Princess Polly, an Australian-born fashion brand under a.k.a. Brands Holding Corp. (NYSE: AKA), has announced plans to open five new U.S. stores in the second half of 2024. The expansion includes locations in Scottsdale, San Diego, Boston, Santa Clara, and Irvine. Each store will offer over 250 apparel looks and 200 accessories and footwear styles, featuring interactive elements like selfie mirrors and digital screens. The brand aims to enhance customer engagement through exclusive events and campus roadshows. This expansion builds on the success of Princess Polly's first U.S. store in Los Angeles and reflects the brand's growing popularity among Gen Z consumers in the United States.
a.k.a. Brands Holding Corp. (NYSE: AKA) reported strong Q2 2024 financial results, with net sales increasing 9.5% to $148.9 million. U.S. net sales grew 19.3% year-over-year. The company saw an 11.7% growth in active customers on a trailing twelve-month basis. Adjusted EBITDA rose 44% to $8.0 million. Despite these positive results, the company reported a net loss of $2.3 million, an improvement from the $5.0 million loss in Q2 2023.
a.k.a. Brands is expanding its physical presence, with plans to open five Princess Polly stores in 2024. The company's omni-channel strategy is showing success, particularly with Petal & Pup's expansion to major retail platforms. For Q3 2024, the company expects net sales between $141-145 million and adjusted EBITDA between $6.0-7.0 million.
a.k.a. Brands Holding Corp. (NYSE: AKA), a brand accelerator of next generation fashion brands, has announced it will release its second quarter 2024 financial results after market close on Wednesday, August 7, 2024. The company will host a webcast with management at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) on the same day.
Investors and analysts can access the webcast through the company's website at ir.aka-brands.com or by calling (877) 858-5495 or (201) 689-8853. A replay of the conference call will be available approximately three hours after the call concludes, accessible via the company website or by dialing (877) 660-6853 or (201) 612-7415 for international callers, using conference ID 13747420. The replay will remain available until August 14, 2024.
A.k.a. Brands Holding Corp. (NYSE: AKA), a brand accelerator for next-generation fashion brands, announced its participation in the SHARE Series at the NYSE. The event is scheduled for Friday, June 14, 2024, at 10:55 am Eastern Time. Interim CEO and CFO Ciaran Long will represent the company in a fireside chat. The session will be webcast live, accessible via the company's Investor Relations website, with an archive available post-event.